What is Washable Markers Market?
Washable markers are sketch tools which are the preferred choice for children who generally stain their clothes or body with marks. Marks from washable markers can be easily erased from walls, skin, tables, and clothes by using a wet sponge across the surface. Washable markers are perfect for home and classroom use, since they never stain a surface permanently. Washable markers are made by a variety of companies and are used in homes and classrooms where children create artwork. Some markers are scented as well.
The market study is being classified by Type (Basic Washable Markers and Super-Washable Markers), by Application (Children and Professionals) and major geographies with country level break-up.
Liqui-Mark (United States), Stabilo International GMBH (Germany), Dri Mark Products Inc. (United States), Luxor Group (India), F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (Italy), BIC Group (France), Newell Brands (United States), Carioca S.p.a (United States), Crayola LLC (United States) and Faber-Castell (Germany) are some of the key players profiled in the study.
The Washable Markers market is highly fragmented with the presence of various players operating in the market. The companies are exploring the Washable Markers market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Washable Markers market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Washable Markers market by Type, Application and Region.
On the basis of geography, the market of Washable Markers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The rise in the Number of School-Going Children Coupled With A Rise in Disposable Income of Households
- The increasing capabilities of the populace to afford the creative and artistic supplies for their children which are also expected to drive the market growth
Market Trend
- Growth in the per capita spending on education and on creative expression products.
Restraints
- Shift Toward E-Learning and Digital Platforms
Opportunities
- Demand for eco-friendly products has increased due to increasing environmental consciousness and concern for a healthy environment.
Challenges
- Lack of organization in the market
Key Target Audience
Washable marker manufacturers, Raw material suppliers and End users
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