According to a recent report by Reports and Data, the Global Crayola Ultra-Clean Washable Markers Market is expected to grow at a CAGR of 2.90% from 2020 to 2028, with an estimated market size of USD 593.7 Million in 2028, up from USD 469.1 Million in 2020. The rising demand for Crayola Ultra-Clean Washable Markers can be attributed to an increase in the number of school-going children and higher disposable incomes in developing economies. Crayola Ultra-Clean Washable Markers are preferred over traditional chalk as they are non-toxic, easily removable from various surfaces, and do not leave stains. They are made using food-coloring dyes, carboxylates, water-based solvents, and carboxylic acids, which prevent the color from sticking to surfaces.
The report also reveals that the educational sector is estimated to dominate the washable marker market, with a market share of 42.7% over the projected timeline. The semi-washable marker segment is estimated to account for 43.2% of the global washable market share, while the rehydrateable segment is forecast to contribute revenue of nearly USD 174.6 Million to the market share. The multi-surface markers segment is projected to witness a growth rate of 2.1% over the forecast period.
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Key Players in The Global Crayola Ultra-Clean Washable Markers Market:
Crayola, Liqui-Mark Corporation, Faber – Castell, Luxor Writing Instruments Pvt. Ltd., F.I.L.A. Group, Dri Mark Products Inc., STABILO International GmbH, Carioca S.p.a., Newell Brands, and Kokuyo Camlin Ltd., among others.
Key Drivers of the Crayola Ultra-Clean Washable Markers Market:
- Growing demand from the education sector: With the increasing importance of education worldwide, the demand for Crayola Ultra-Clean Washable Markers has grown significantly. Crayola Ultra-Clean Washable Markers are widely used in classrooms, as they are safe for children and easy to clean.
- Rising popularity of DIY art and craft activities: DIY art and craft activities have gained immense popularity, especially during the COVID-19 pandemic. This trend has contributed to the growth of the Crayola Ultra-Clean Washable Markers market, as these markers are widely used in such activities.
- Increasing focus on product safety: Parents and teachers are increasingly concerned about the safety of products used by children, including art supplies. Crayola Ultra-Clean Washable Markers are non-toxic and are considered safer than traditional markers, which contain harmful chemicals.
- Growing demand for eco-friendly products: Consumers are becoming more conscious about the environmental impact of the products they use. Crayola Ultra-Clean Washable Markers are a more eco-friendly alternative to traditional markers, as they can be easily washed off and are less likely to end up in landfills.
- Expansion of e-commerce channels: The growth of e-commerce has made it easier for consumers to purchase Crayola Ultra-Clean Washable Markers from the comfort of their homes. This has increased the accessibility and availability of these products, contributing to the growth of the Crayola Ultra-Clean Washable Markers market.
Market segmentation:
From 2018 to 2028, revenue estimates for various types of markers, such as Semi-Washable, Ultra-Clean Washable, and Self-Vanishing, are broken down in the table below. Additionally, revenue forecasts in millions of dollars are provided for markers with properties including rehydration, non-toxicity, multi-surface, and scent. Additionally, there are revenue forecasts in millions of dollars for various marker applications, such as those for children's use, the educational sector, official use, and others.
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