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 through70 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 potential of Turkey acoustic vehicle alerting system (AVAS) market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey acoustic vehicle alerting system (AVAS) market.
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