With the emergence and long-term Impact of COVID-19, the Global Art and Craft Materials Market is to reach USD 31.37 billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Art and Craft Materials Market is poised to raise up to USD 31.37 billion by 2030. Art and craft materials encompass a diverse range of supplies utilized in creative endeavors. Common materials include paints, brushes, canvases, paper, clay, and fabric. These materials serve various purposes across artistic disciplines, such as painting, sculpting, drawing, and crafting.
The Global Art and Craft Materials Market is continuously growing due to factors such as rising per capita disposable income and growing interest in DIY activities. Due to a rapid increase in the per capita disposable income, the demand for Art and Craft Materials increased gradually. The average household net-adjusted disposable income per capita in France is USD 34 375 annually, which is higher than the USD 30 490 annual average for the OECD. In addition, it has been found from the same source that the Germany has a per capita average household net-adjusted disposable income of USD 38 971, which is higher than the USD 30 490 OECD average.
This led to the growth of the Art and Craft Materials Market globally. Moreover, technological advancements in manufacturing and the expansion of educational initiatives promoting creativity are opportunities for the Global Art and Craft Materials Market that led to the market growth. However, the high costs and rapid shifts in consumers preferences stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Art and Craft Materials Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to factors such as the rising number of art & craft institutions, the rising importance of self-expression and creativity. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as rising demand for the product from interior designing and home décor trends, increasing disposable income of the consumer and developing e-commerce channels led to the market growth of the Art and Craft Materials Market globally.
The global Art and Craft Materials Market is highly competitive owing to the presence of several key manufacturers such as Faber Castell, Crayola LLC, Newell Brands, Colart International Ltd., Kokuyo Camlin Ltd., Da Vinci Paint Co., and others.
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Key findings of the study suggest:
- Global Art and Craft Materials Market is anticipated to grow with a healthy growth rate of more than 5.17% over the forecast period 2023-2030.
- In the distribution channels segment, supermarkets/hypermarkets emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising number of art and craft institutions.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Basic Materials/Supplies
- Marketing Materials/Supplies
By Application:
- Household
- Educational Institute
- Office
- Others
By Distribution Channels:
- Convenience Stores
- Supermarkets/Hypermarkets
- Online Store
- Specialty Stores
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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