ACCESS Newswire
15 Oct 2020, 19:31 GMT+10
Major art supplies producers are focusing on product launches through online channels of distribution to extend their market footprints by collaborating with e-Commerce players
ROCKVILLE, MD / ACCESSWIRE / October 15, 2020 / The art supplies market is poised to witness growth at a steady 4.5% CAGR throughout the projected period, 2020-2030. The growth can be primarily attributed to the growing number of student enrolments in colleges and schools and government initiatives to develop academic institutions.
'The unprecedented influence of COVID-19 is likely to have short-term effects on the art supplies market. Though due to the growing popularity of leisure artwork, rising number of households with children require art supplies, this assures the significant upsurge over the assessment period.' says the Fact.MR report.
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Art Supplies Market - Key Takeaways
Art Supplies Market - Driving Factors
Art Supplies Market - Constraints
Anticipated Market Impact by COVID-19 Outbreak
COVID-19 pandemic has affected the art supplies market players adversely in terms of the supply side, triggering slumping sales of art supplies. Conversely, amid the decline in offline sales, increasing the use of virtual technologies is likely to improve online shopping amid customer, and this is anticipated to progressively boost the sales of art supplies.
Explore the Art Supplies market comprising of 170 figures and 69 data tables, along with the table of contents. You can find a detailed market segmentation on https://www.factmr.com/report/1226/art-supplies-market
Competition Landscape
Major companies identified in the Art Supplies market are Faber Castell AG, Newell Brands Inc., Camlin Group Ltd., SOCIETE BIC, F.I.L.A. Group, STAEDTLER Mars GmbH & Co. KG, Maped Helix, Pentel Co. Ltd., Mitsubishi Pencil Co., Ltd, Pilot Pen Company, Tombow Pencil Co., Ltd., and ITC Limited.
More on the Report
The FACT.MR's market research report provides in-depth insights into the Art Supplies market. The market is scrutinized based on product type (pencils and accessories [graphite pencils, erasers, sharpeners, mechanical, pencils, and pencil leads], writing pens [fineliners, ballpoint pens, rollerballs, and refills], coloring products [color pencils, fiber tip pens, fineliners, crayons, chalks, and oil pastels, and paints], markers [highlighters, universal pens, whiteboard markers, flipchart markers, and dry markers), and other art supplies), end user (institutional [schools, colleges, ad other industries, offices, and other commercial institutions] and household), and sales channel (stationery stores, department stores, supermarkets/hypermarkets, online sales, and other sales channel), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).
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About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. FACT.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: FactMR
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