Washable Art and Craft Paints Market is Estimated to Register Strong Growth Till 2027
Increasing per capital income of the consumers and the
growing number of schools and institutions across the world are driving the
growth of the Global Washable Art and Craft Paints Market.
According
to TechSci Research report, “Washable
Art and Craft Paints Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the
Global washable art and craft paints market is expected to witness robust CAGR
in the forecast period, 2023-2027. The market growth can be attributed to the
expanding number of schools and colleges across the world. Moreover, with the
growing disposable income of consumers, the demand for such products is rising.
In addition to this, with the growing emphasis on extracurricular activities in
the school, such as art and craft, the demand for washable paints is increasing.
These paints can be easily washed off from skins, glass, fabrics, and walls,
hence allowing the user to have freedom of painting anywhere. Moreover, the
paints made from sustainable materials such as natural earth paints that use
natural earth pigments and organic ingredients are strengthening the market
growth. These sorts of paints are completely safe for children and are
sustainable for the environment. Furthermore, painting helps a child in
improving their eye and hand coordination of the children along with developing
their cognitive skills. Therefore, parents of all income groups prefer buying
paints for their children at some point of time in life. Furthermore, the
growing government initiatives in the developing nations to aware parents and children
regarding the importance of education and the increasing establishment of
government schools and colleges is providing a positive outlook to the market.
For instance, rising awareness regarding education in the Middle East countries
and encouraging girls for higher education has resulted in the increased demand
for such products. Additionally, an increase in the number of schools in Africa
due to government initiatives as well as donations made from across the globe
has led to the growth of the washable art and craft market in these developing
regions. electric vegetable and fruit chopper/slicer
market over the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "GLOBAL WASHABLE ART AND CRAFT PAINTS MARKET"
The
Global washable art and craft paints market is segmented by color, pack size,
packaging type, application, distribution channel, competitive landscape, and
regional distribution. By pack size, the market is bifurcated into less than 10
pack, 10–20 pack, and more than 20. Among these, the 10-20pack is estimated to
hold a significant market share over the forecast period. This is primarily
because this is considered the ideal size of colors and is the most preferred
size of the color pack. 10-20 pack of washable paints is easy to carry in a
school or college bag and offers almost every color that an artist may require.
Based
on the packaging type, the market is bifurcated into bottle, pot set, and
others. On the basis of application, the market is divided between residential
and institutional. Among these, the pot set is estimated to hold a considerable
market share. The paint holders of the pot set are made from plastic. They are
light in weight and easy to carry. Moreover, compared to bottle and other
variants, pot sets are fairly priced, hence attracting a larger consumer base.
By
application, the market is divided between household and commercial. Among
these, the household segment is anticipated to hold a significant market share
over the coming years. the inflating disposable income of the consumers and the
growing number of students in schools are contributing to the growth of this
segment. In addition, the increasing emphasis on extracurricular activities in
school, such as art, music, dance, etc., is increasing the demand for washable
art and craft paints. As a result, the residential segment is projected to
propel the growth of global washable art and craft paints.
By
distribution channel, the market is fragmented into toy shops,
supermarkets/hypermarkets, online, and others. Among these, the online sales
channel segment is expected to be a prevalent segment. The online retail
channel provides a number of benefits over offline retail channels, such as
buying products from the convenience of our home, doorstep delivery option, a
wide range of products to opt from, lucrative discounts and cashback, etc.
Moreover, it allows the sellers to sell their products across the country,
which in turn helps the seller to increase their customer base. As a result,
the online retail segment will provide a thrust to the global market.
Major
market players operating in Global washable art and craft paints Market are:
- Crayola
LLC
- U.S.
Toy Co., Inc.
- KindredSity
- Fabbrica
Italiana Lapis ed Affini S.p.A (Giotto)
- Faber-Castell
USA, Inc.
- Dabble
Playart Pvt Ltd.
- Pegasus
Toy-kraft Pvt Ltd
- RiseBrite
- Glokers
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“The global washable art and craft
paints market is consolidated and witnessing strong growth from the residential
end users. Countries with a high per capita income, such as The United Sates,
Luxemburg, Canada, and Germany, are anticipated to witness a higher demand for
such products. Besides this, the top players of the companies are increasingly
introducing innovative products which are made sustainably. For instance, the
big giant in the market, Crayola LLC, invests 100% renewable energy from solar
power for US manufacturing which is sufficient enough to make over 3 billion
crayons and 700 makers a year. Moreover, several market players are also
providing sketchbooks and paintbrushes along with color sets to attract a wide
range of customers. In order to establish a brand name in the market, the new
market players are advised to work on enhancing the quality of the product that
may not appear cracky after the painting and does not have any sort of pungent
smell as it is mostly used by the children.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Washable
Art And Craft Paints Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027 Segmented By Color Type (Red, Yellow, Blue, Green,
Orange, Brown, Black, Others), By Pack Size (Less Than 10 Pack, 10–20 Pack,
More Than 20 Pack), By Packaging Type (Bottle, Pot Set, Others), By Application
(Residential vs Institutional), By Distribution Channel (Toy Shops, Supermarkets/Hypermarkets,
Online, and Others {Stationery Stores, Gift Shops, Kiosks, etc.), and By Region”, has evaluated the future growth
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