K-12 Arts And Crafts Material Market to Grow by $ 420.97 Million Despite COVID-19 Spread | Integration of Arts in School Curriculum to Emerge as a Key Trend | Technavio

Technavio has been monitoring the K-12 arts and crafts material market and it is poised to grow by USD 420.97 million during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the K-12 arts and crafts material market. The market growth in 2020 is likely to increase compared to market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by distribution channel, which is the leading segment in the market?
  
  The brick and mortar segment led the market in 2019.
  
  
• What are the major trends in the market?
  
  The integration of arts in the school curriculum is one of the key trends in the market.
  
  
• At what rate is the market projected to grow?
  
  The market is projected to grow at a CAGR of over 2% during 2020-2024.
  
  
• Who are the top players in the market?
  
  ACTIVA Products Inc., American Art Clay Co. Inc., Bazic Products/Bangkit USA Inc., Crayola LLC, Kaplan Early Learning Co., Ningbo Rainma Stationery Co. Ltd., Nygala Corp. dba FLOMO, Pacon Corp., STAEDTLER Mars GmbH & Co. KG, and TTS Group are the top players in the market.
  
  
• What are the key market drivers and challenges?
  
  The market is driven by the growing demand for paper-based stationery products. However, rapid changes in the market might hamper growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ACTIVA Products Inc., American Art Clay Co. Inc., Bazic Products/Bangkit USA Inc., Crayola LLC, Kaplan Early Learning Co., Ningbo Rainma Stationery Co. Ltd., Nygala Corp. dba FLOMO, Pacon Corp., STAEDTLER Mars GmbH & Co. KG, and TTS Group are some of the major market participants. Although the growing demand for paper-based stationery products will offer immense growth opportunities, rapid changes in the market are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this K-12 arts and crafts material market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

K-12 Arts and Crafts Material Market 2020-2024: Segmentation

K-12 Arts and Crafts Material Market is segmented as below:

• Distribution Channel
  • Brick And Mortar
  • Online
• Geographic
  • APAC
  • Europe
  • North America
  • MEA
  • South America
• School Level
  • Middle School
  • Pre-primary School
  • Primary School
  • High School

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K-12 Arts and Crafts Material Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The K-12 arts and crafts material market report covers the following areas:

• K-12 Arts and Crafts Material Market Size
• K-12 Arts and Crafts Material Market Trends
• K-12 Arts and Crafts Material Market Industry Analysis

This study identifies the integration of arts in the school curriculum as one of the prime reasons driving the K-12 Arts and Crafts Material Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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K-12 Arts and Crafts Material Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist K-12 arts and crafts material market growth during the next five years
• Estimation of the K-12 arts and crafts material market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the K-12 arts and crafts material market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of K-12 arts and crafts material market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Brick and mortar - Market size and forecast 2019-2024
• Online - Market size and forecast 2019-2024
• Market opportunity by Distribution channel

Market Segmentation by School level

• Market segments
• Comparison by School level
• Middle school - Market size and forecast 2019-2024
• Pre-primary school - Market size and forecast 2019-2024
• Primary school - Market size and forecast 2019-2024
• High school - Market size and forecast 2019-2024
• Market opportunity by School level

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ACTIVA Products Inc.
• American Art Clay Co. Inc.
• Bazic Products/Bangkit USA Inc.
• Crayola LLC
• Kaplan Early Learning Co.
• Ningbo Rainma Stationery Co. Ltd.
• Nygala Corp. dba FLOMO
• Pacon Corp.
• STAEDTLER Mars GmbH & Co. KG
• TTS Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations 

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