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Global Art & Craft Materials Market to reach USD 31.37 billion by the end of 2030

Global Art & Craft Materials Market Size study Forecast, by Type (Basic Materials/Supplies, Marketing Materials/Supplies), by Application (Household, Educational Institute, Office, Others), by Distribution Channel (Convenience Stores, Supermarkets/Hypermarkets, Online Store, Specialty Stores) and Regional Analysis, 2023-2030

Product Code: OIRCGS-27485318
Publish Date: 29-02-2024
Page: 200

Global Art & Craft Materials Market is valued at approximately USD20.96 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.17%duringthe forecast period 2023-2030.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 & Craft Materials Market is continuously growing due to factors such as rising per capita disposable income and growing interestin DIY activities.

Due to a rapid increase in the per capita disposable income, the demand for Art & 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 & Craft Materials Market globally. Moreover, technological advancements in manufacturing and the expansion of educational initiatives promoting creativity are opportunities for the Global Art & 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 & 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 overthe 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 & Craft Materials Market globally.

Major market player included in this report are:
Faber Castell
Crayola LLC
Newell Brands
Colart International Ltd.
Kokuyo Camlin Ltd.
Da Vinci Paint Co.
General Pencil Company Inc.
DecoArt LLC
Michaels Stores Inc.

Recent Developments in the Market:
Ø In March 2021, a US-based firm, Liquitex, introduced a range of eight acrylic paints called “New Liquitex Acrylic Mediums” in the US. These paints include masking fluid, satin fluid, satin gel, silkscreen medium, and gold metallic medium.
Ø In August 2022, DecoArt LLC, a manufacturer of craft and art paint based in the United States, partnered with MPE Partners, an American investment firm, to acquire Jack Richeson and Co. Inc., a manufacturer of art and craft materials also located in the United States. This strategic acquisition reflects DecoArt LLC and MPE Partners’ commitment to expanding their presence in the art and craft industry, enhancing their product offerings, and capitalizing on potential synergies within the market.
Global Art & Craft Materials Market Report Scope:
ü Historical Data –2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Distribution Channels, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Basic Materials/Supplies
Marketing Materials/Supplies

By Application:
Educational Institute

By Distribution Channels:
Convenience Stores
Online Store
Specialty Stores

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Art & Craft Materials Market, by Region, 2020-2030 (USD Billion)
1.2.2. Art & Craft Materials Market, by Type,2020-2030 (USD Billion)
1.2.3. Art & Craft Materials Market, by Application,2020-2030 (USD Billion)
1.2.4. Art & Craft Materials Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Art & Craft Materials Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Art & Craft Materials Market Dynamics
3.1. Art & Craft Materials Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising Per Capita Disposable Income Growing Interest in DIY Activities
3.1.2. Market Challenges High Costs of Materials Rapid Shifts Consumer Preferences
3.1.3. Market Opportunities Technological Advancements in Manufacturing Expansion of educational initiatives promoting creativity
Chapter 4. Global Art & Craft Materials MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Art & Craft Materials Market, by Type
5.1. Market Snapshot
5.2. Global Art & Craft Materials Market by Type, Performance – Potential Analysis
5.3. Global Art & Craft Materials Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Art & Craft Materials Market, Sub Segment Analysis
5.4.1. Basic Materials/Supplies
5.4.2. Marketing Materials/Supplies
Chapter 6. Global Art & Craft Materials Market, by Application
6.1. Market Snapshot
6.2. Global Art & Craft Materials Market by Application, Performance – Potential Analysis
6.3. Global Art & Craft Materials Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Art & Craft Materials Market, Sub Segment Analysis
6.4.1. Household
6.4.2. Educational Institute
6.4.3. Office
6.4.4. Others
Chapter 7. Global Art & Craft Materials Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Art & Craft Materials Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Art & Craft Materials Market Estimates & Forecasts by Distribution Channel2020-2030 (USD Billion)
7.4. Art & Craft Materials Market, Sub Segment Analysis
7.4.1. Convenience Stores
7.4.2. Supermarkets/Hypermarkets
7.4.3. Online Store
7.4.4. Specialty Stores
Chapter 8. Global Art & Craft Materials Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Art & Craft Materials Market, Regional Market Snapshot
8.4. North America Art & Craft Materials Market
8.4.1. U.S.Art & Craft Materials Market Typebreakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Distribution Channelbreakdown estimates & forecasts, 2020-2030
8.4.2. CanadaArt & Craft Materials Market
8.5. Europe Art & Craft Materials Market Snapshot
8.5.1. U.K. Art & Craft Materials Market
8.5.2. Germany Art & Craft Materials Market
8.5.3. France Art & Craft Materials Market
8.5.4. Spain Art & Craft Materials Market
8.5.5. Italy Art & Craft Materials Market
8.5.6. Rest of EuropeArt & Craft Materials Market
8.6. Asia-PacificArt & Craft Materials Market Snapshot
8.6.1. China Art & Craft Materials Market
8.6.2. India Art & Craft Materials Market
8.6.3. JapanArt & Craft Materials Market
8.6.4. Australia Art & Craft Materials Market
8.6.5. South Korea Art & Craft Materials Market
8.6.6. Rest of Asia PacificArt & Craft Materials Market
8.7. Latin America Art & Craft Materials Market Snapshot
8.7.1. Brazil Art & Craft Materials Market
8.7.2. MexicoArt & Craft Materials Market
8.8. Middle East & AfricaArt & Craft Materials Market
8.8.1. Saudi ArabiaArt & Craft Materials Market
8.8.2. South AfricaArt & Craft MaterialsMarket
8.8.3. Rest of Middle East & AfricaArt & Craft MaterialsMarket

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Faber Castell Key Information Overview Financial (Subject to Data Availability) ProductSummary Recent Developments
9.3.2. Crayola LLC
9.3.3. Newell Brands
9.3.4. Colart International Ltd.
9.3.5. Kokuyo Camlin Ltd.
9.3.6. Da Vinci Paint Co.
9.3.7. General Pencil Company Inc.
9.3.8. DecoArt LLC
9.3.9. Liquitex
9.3.10. Michaels Stores Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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