Washable Markers Market | Key players: Crayola LLC, Faber-Castell, F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A, BIC Group, Newell Brands, Carioca S.p.a, Liqui-Mark, Stabilo International GMBH, Dri Mark Products Inc., and Luxor Group

According to recent research "Washable Markers Market by Washability (Basic washable, Super washable), End user (Children, Professionals) and Region (North America, Europe, Asia Pacific, Middle East and Africa, South America) - Global Forecast to 2023", published by MarketsandMarkets™, The washable markers market size is projected to grow from USD 425.5 million in 2018 to USD 507.0 million by 2023, at a CAGR of 3.57%.

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The marks of washable markers are easily washable from the wall, skin and clothing; moreover, they are non-toxic and thus are considered safe for use by children. The major factor driving the growth of the washable markers market is the increase in the number of school-going children coupled with increasing disposable income of households.

The children segment is projected to play a key role in the growth of the washable markers market

The washable markers market is witnessing considerable growth owing to the rise in the number of school-going children coupled with an increase in disposable income of households. Washable markers are easily washable from clothing, skin, and walls, and thus they are considered ideal for use by children. MarketsandMarkets projects that the washable markers market will grow from USD 425.5 million in 2018 to USD 507.0 million by 2023, at a CAGR of 3.57%.

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MarketsandMarkets projects that the washable markers market size will grow from USD 425.5 million in 2018 to USD 507.0 million by 2023, at a CAGR of 3.57%. Rise in the number of school-going children coupled with a rise in disposable income of households mainly drive the washable markers market growth.

The key players in the washable markers market include Crayola LLC (US), Faber-Castell (Germany), F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (Italy), BIC Group (France), Newell Brands (US), Carioca S.p.a (US), Liqui-Mark (US), Stabilo International GmbH (Germany), Dri Mark Products Inc. (US), and Luxor Group (India). These players adopted strategies such as agreements & contracts, partnerships, mergers & acquisitions, and new product & technology launches to strengthen their position, expand their global presence, and increase their share in the market.

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F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A is a France-based company primarily engaged in the manufacture and supply of creative tools, writing & painting products such as pencils, crayons, modeling clay, chalk, oil colors, acrylics, watercolors, paints, and paper for school, leisure, and practicing fine arts. The company continues to expand its capacity by adopting inorganic strategies such as acquisitions across the world.

BIC Group was incorporated in 1944 and is a leading producer of stationery products in Europe and North America. The company operates through three business segments, namely, stationery, lighters, and shavers. It offers a range of washable markers through the stationary segment.

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