Art Supplies Market: Influential Factors Determining the Trajectory of the Market

Art supplies continue to witness lucrative opportunities across countries on the backdrop of increasing number of independent art professionals worldwide. Moreover, growth in the prevalence of recreational arts sector has influenced the demand for art supplies. This has encouraged manufacturers to come up with innovative products in the market. The trending convergence of pens, which have more adoption rate, are further anticipated to create remunerative growth opportunities for the art supplies market.

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Increasing popularity of auctions, exhibitions and arts shows, and the money associated with them has impacted the art supplies manufacturing sectors, creating demand for luxury and premium art supplies.  Increasing demand for colors’ segment is creating opportunity for pencil colors and crayons.

A recent Fact.MR study foretells the art supplies market to record an expansion at 4.5% CAGR over the forecast period (2018-2028). Art supplies continue to witness increased traction in schools and residences end use sectors. However, growth in independent professionals’ end use sector is also expected to be impressive.

Art Supplies Market – Art supplies distributed as promotional products to spur global market demand

A growing demand for promotional products such as t-shirts, outerwear and calendars offered by companies to both employees and customers is expected to boost the art supplies market

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Art Supplies Market – Increasing focus on ecofriendly and biodegradable Products

Increasing use of energy-efficient technologies by art supply manufacturers and rising demand for sustainable and biodegradable plastic products are factors expected to fuel demand for art supply market, specifically in regions such as Europe and North America, over the forecast period. In addition, manufacturers also have options to use sustainable packaging as companies have become more conscious towards environment friendly products.

. A survey conducted by the Advertising Specialty Institute in 2016 estimated that 50% of all U.S. consumers owned promotional art supplies. Companies are anticipated to use writing instruments for a number of promotional purposes that should benefit the global art supplies market

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Art Supplies Market – Focus on universal education in developing countries creating steady demand for art supplies

Schools account for a significant share of the overall demand for art supplies. Use of pencils, pens, notebooks, whiteboards, markers, etc. for art purposes in schools have been a major contributor to the art supplies market. Increasing focus on art and crafts as an important extra-curricular activity apart from sports is another factor that is boosting the demand for art supplies in school end-use sector.