Global Washable Markers Market, By Washability (Basic-Washable, Super-Washable), End-User (Children, Professionals), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Washable Markers Market
Global Washable Markers Market is set to rise from its initial estimated value of USD 426.93 million in 2018 to an estimated value of USD 560.02 million by 2026, registering a CAGR of 3.45% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising number of school-going children and increased capabilities of households to spend on the arts & crafts supplies.
Market Definition: Global Washable Markers Market
Washable markers are markers containing of the ink that can be washed away from the surface after it is applied. The markers include inks that can be washed away are basically water-based that consist of powder based form of ink that is ultimately mixed with water or oil.
- Rise in number of school-going children is expected to drive the market growth
- Increase in incomes of households has also increased their capabilities to afford the creative and artistic supplies for their children which is also expected to drive the market growth
- Lack of organization in the market is expected to restrain the market growth
- Prevalence and adoption of e-learning practices is expected to restrain the market growth as more professional users are preferring to teach over the digital platform rather use the traditional written methods
Segmentation: Global Washable Markers Market
- By Washability
- By End-User
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In June 2018, Crayola in collaboration with ASOS launched a new 58-piece makeup set. This product launch is set to expand the market portfolio for both the companies and is expected to expand the applicable industries.
- In February 2018, Crayola announced the launch of a number of new products at the American International Toy Fair in New York City; the products included a number of new toys and games involving washable markers.
Competitive Analysis: Global Washable Markers Market
Global washable markers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of washable markers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Washable Markers Market
Few of the major competitors currently working in the washable markers market are F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A., BIC, Newell Brands, Faber-Castell, Liqui-Mark, Drimark, Luxor, Crayola, Eastman Kodak Company, Yiwu Menzzi Toys Co. Ltd., FLOMO, Sargent Art, MEGA Brands Inc., DoADot Art, Carioca S.p.A., Prang & Dixon Ticonderoga, and Maped.
Research Methodology: Global Washable Markers Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved