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Boost In Government Funding Fuels Growth In The Arts And Crafts Market Driver: A Major Catalyst in the Evolution of the Arts And Crafts Market in 2025
Arts And Crafts Market Share
The arts and crafts market has seen considerable growth in recent years. It is forecasted to expand from $44.71 billion in 2024 to $48.33 billion in 2025, achieving a CAGR of 8.1%. The historical growth was fueled by the rise of eco-friendly and sustainable products, the celebration of cultural diversity, an increasing trend of gift-giving, a surge in instructional workshops, and a growing preference for personalized products.
The arts and crafts market is expected to reach $65.18 billion by 2029, growing at a CAGR of 7.8%. This growth is driven by digital transformation, increasing personalization, and the growing DIY culture. Major trends include tech-integrated crafts, product innovation, and growing collaborations.
What Are the Key Drivers Behind the Growth of the Arts And Crafts Market?
The growing support for arts and crafts through government funding is expected to contribute to the growth of the arts and crafts market. Government funding refers to financial support provided for programs or policies addressing social, economic, environmental, or political issues. Such funding helps ensure that arts and crafts continue to thrive, benefiting not only artists and craftspeople but the broader community as well. For instance, in August 2023, the Americans for the Arts, a US-based non-profit, reported that local government funding for local arts agencies reached $1.01 billion in 2023, marking a 7.5% increase from 2022. Therefore, the rising government funding for arts and crafts is driving the growth of the arts and crafts market.
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Who Are the Major Industry Players Fueling Arts And Crafts Market Expansion?
Major companies operating in the arts and crafts market report are FILA Group LLC; Hobby Lobby Stores Inc.; Michaels Stores Inc.; Shanghai M&G Stationery; Etsy Inc.; Newell Brands Inc.; Société Bic S.A.; Jo-Ann Stores Inc.; Fiskars Group; Crayola LLC; IG Design Group PLC; Pilot-Pen; Pelikan International Corporation; Mundial SA; Kokuyo Camlin Ltd.; Arteza LLC; Westcott; Asian Handicrafts Pvt. Ltd.; Pentel; Faber-Castell AG; CREA Innovations Ltd.; Beifa Group Co. Ltd.; Laizhou Zhonghe Arts and Crafts Co. Ltd.
Which Key Developments Are Influencing the Arts And Crafts Market?
Companies in the arts and crafts market are innovating with specialized crafting tools to provide a competitive edge. These tools enable crafters to produce more intricate and professional results. In April 2024, D & L Craftworkz, an Australian company, launched a range of crafting supplies, including versatile and affordable air-dry clay for use in various creative projects.
How Is the Segmentation of the Arts And Crafts Market Defined?
The arts and crafts market covered in this report is segmented -
1) By Type: Painting and Drawing, Sewing and Fabric, Paper Crafts, Kids Crafts, Arts and Crafts Tools, Other Types
2) By Materials Used: Traditional Materials, Recycled and Upcycled Materials, Mixed Media
3) By Target Audience: Children's Crafts, Adult Crafts, Senior Crafts
4) By Distribution Channels: Brick-and-Mortar Retailers, Online Platforms
5) By Application: Personal Use, Commercial Use
Subsegments:
1) By Painting And Drawing: Acrylic Paints, Watercolor Paints, Oil Paints, Pastels And Charcoal, Drawing Tools
2) By Sewing And Fabric: Sewing Machines, Fabrics And Textiles, Needlework Kits, Thread And Embellishments
3) By Paper Crafts: Scrapbooking, Card Making, Origami And Paper Folding, Paper Cutting And Stamping
4) By Kids Crafts: Craft Kits For Children, Crafting Tools For Kids, Paint And Color Sets, Beading And Jewelry Making Kits
5) By Arts And Crafts Tools: Brushes And Sponges, Cutting Tools (Scissors, Knives), Craft Adhesives, Stamps And Stencils
6) By Other Types: Pottery And Ceramics, Candle Making, Beading And Jewelry Making, Woodworking And Carving
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What Is the Leading Region in the Arts And Crafts Market?
North America was the largest region in the arts and crafts market in 2024. The regions covered in the arts and crafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Arts And Crafts Global Market Report?
- Market Size Analysis: Analyze the Arts And Crafts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Arts And Crafts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Arts And Crafts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Arts And Crafts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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