Crafted for tomorrow, unveiling the transformative power of the global arts and crafts market in a digital world

A kaleidoscope of creativity with no bounds to imagination, every piece tells a unique story-from the soft whispering of paint brush to the rhythmic snip of scissors-as is the case with the arts and crafts market. Large products, such as colored pencils, watercolors, and crayons, cater to the decorating and painting activities of the students and artists. Increasing customer interest in drawing and painting activities drives the market growth. According to the research report, "Global Art and Crafts Market Outlook 2029" published by Bonafide Research, the market is anticipated to cross USD 60 Billion by 2029, increasing from USD 45.25 Billion in 2023. The market is expected to grow with a 5.85% CAGR from 2024 to 2029. The raising adaptation of arts and crafts in school curricula due to the increasing awareness about the significance and value of arts and crafts in early childhood education, such as improving hand-eye coordination, development of motor skills, increased self-esteem, and skill building of creativity & innovation skills, thus positively influences the global art & craft materials market forecast. The arts and crafts market is growing as fast as it can take, triggered by the increase in interest in DIY hobbies and creative crafts. More customers are seeking creative outlets and deriving pleasure from the process involved in the manufacture of unique, handmade products. The segment of educational institutions is predicted to increase significantly during the forecasted period. Therefore, there will be a huge demand for art and craft materials such as acrylic paints, watercolors, and colour pencils in many educational institutes all over the world, comprising schools and art colleges and Aalto University (Espoo, Finland), Burren College of Art (Ballyvaughan, Ireland), and Design (Stockholm, Sweden), whereas the therapeutic benefits of arts and crafts like stress relief and mental well-being have been acknowledged. Crafting is increasingly becoming mindfulness and self-care for more.

The growing sustainability trend has inspired companies dealing with art and craft materials to produce products that are eco-friendly and sustainable, like products featuring plant paint or color pencils, which are derived from sustainable raw materials, hence attracting potential and new customers/artists. Smart tools, including an app-interfaced sewing machine or a painting gadget feeding live feedback, make crafting more accessible and enjoyable for the user, irrespective of how much expertise is at their fingertips. As 3D printing now captures a significant share of the market for arts and crafts, it is revolutionizing the way the creation of items could be developed very fast. Artists can now develop intricate designs that would be nearly impossible or impractical to be done by hand. Digital artists develop artwork with technology through such as digital drawings, electronic painting, pixel art, digital sculpting, and animation. They do not require art and craft materials like paints, crayons, colored pencils, brushes, pallets, and sharpeners to make the artwork. Consequently, this shift towards digital art is increasingly inhibiting the growth of the demand for art and craft products worldwide. In the recent years, it has witnessed more new channels that enable a user to sell digital art. This is exemplified in September 2022 when LG Electronics, a Seoul, South Korea-based multinational conglomerate corporation launched the LG Art Lab, a non-fungible token platform that enables people to find, sell and buy digital art. In most cases, after the pandemic, most people resorted to doing arts and crafts as a means of alleviating the stress and finding rejuvenation, and hence the demand was already continued due to the raw materials and supplies used.

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In North America, the market for arts and crafts is enormous and solid due to consumer preference for handmade, unique products. The craft industry has diversified with textiles, pottery, woodworking, and even jewelry. E-commerce sites have brought vast promotion and exposure to artisans in selling directly to consumers across the continent. Every country in Europe brings its distinct styles and traditions to the table. The main regions involved in ceramics, textiles, woodworking, and jewelry. The market is highly fragmented as it is dominated by lots of artisans and small businesses competing for customers' attention. The Asia-Pacific market is identified to be growing fast, mainly due to its traditional craftsmanship as well as new innovation. Such countries as China, India, and Japan are impressive with their artisanal tradition and long history; those nations attract the local consumers as well as international ones. Crafts often speak about deep culture narratives from the region and feature intricate designs and techniques passed down through generations. Campaigning for sustainable practices among artisans is becoming very popular because consumers want to buy only that which contributes directly to their care for the environment. The arts and crafts market in the Middle East & Africa is diverse but presents with different challenges.

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Painting and Drawing remains a very significant segment with increased interest in expression art and the healing value that is attributed to the art also continues to grow. The environment-friendly art supplies also develop the trend further as more consumers develop a heightened consciousness over how their consumption impacts the environment. Providing online purchasing avenues for all the art supplies further penetrates this market as paint and drawing enthusiasts continue to find it easy to engage with painting and drawing. Paper crafts is also in high demand due to the customer's demand for personalized gift ideas. The DIY movement brought paper crafts into scrapbooking, card making, and origami to all age groups. Increased diversity in materials and tools has added creativity to this segment and thereby made room for growth. Growing Kids Crafts is becoming a significant sub-sector in the market due to the increasing importance attached to education and activity-based creativity for children. Parents spend more on craft material and supplies directed toward skill enhancement through hands-on activities. The increased number of workshops and classes designed for children further drives the demand. Besides those leading segments, Arts and crafts tools comprises many other products in service for various crafting activities. This category includes under it technology advances to make online tools available for the easy use of digital platforms and enhances the experience of its users. The others comprise miscellaneous craft supplies supporting the niche markets for specialty offerings in wood or metal crafts, etc.

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The market for global arts and crafts is also highly growing, especially the commercial use segment with businesses producing or selling arts and crafts products. There are multiple factors attributable to this market edge, including interest in handmade and unique items, increased DIY (do-it-yourself) culture, and popularity of platforms helping artists sell work directly to consumers. As e-commerce emerges, business enterprises centered on arts and crafts can easily reach global markets, tapping emerging markets and niche segments. Trends which also help commercial enterprises touch base with consumers revolve around sustainability since more and more consumers now seek to buy eco-friendly and locally sourced inputs that increases demand for handcrafted items. Another large portion of the market share goes to the personal use of the arts and crafts industry. The trend for these hobbies increases because more and more people look forward to expressing themselves creatively. Many customers use crafts as a stress reliever or an outlet for self-expression, thus increasing the demand for supplies such as paints, sheets of papers, and other crafting materials. Social media has also been of much help in popularizing these hobbies, especially as people share their works with others and inspire others to also engage in these hobbies.

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Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Art and Craft market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:
Asia-Pacific: (South Korea, China, India, Japan)
North America: (United States, Canada)
Europe: (Germany, France, United Kingdom, Italy)
South America: (Brazil, Argentina)
Middle East & Africa: (UAE, South Africa, Saudi Arabia)

By Product Type
• Painting and Drawing
• Paper Crafts
• Kids Crafts
• Arts and Crafts Tools
• Others

By Application
• Personal Use
• Commercial Use

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E-mail: sales@bonafideresearch.com
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Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

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This release was published on openPR.