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Boost In Government Funding Fuels Growth In The Arts And Crafts Market: The Driving Engine Behind Arts And Crafts Market Evolution in 2025
Arts And Crafts
Arts And Crafts Market Size Growth Forecast: What to Expect by 2025?
In recent times, the arts and crafts market size has experienced significant growth. The size that was at $44.71 billion in 2024 is anticipated to reach $48.33 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.1%. The growth during the historic period can be credited to the rise in eco-friendly and sustainable products, the celebration of cultural diversity, the expansion of gifting culture, the increase in instruction and workshops, and the customer inclination towards personalization.
How Will the Arts And Crafts Market Size Evolve and Grow by 2029?
Expectations for the arts and crafts market size over the next few years predict robust growth. An anticipated increase to $65.18 billion by 2029 and a compound annual growth rate (CAGR) of 7.8% underscores this trend. The expected growth during the forecast period can be linked to the rise of digital transformation, heightened personalization, increased cross-sector influences, an expanding DIY (do-it-yourself) culture, and augmented disposable income. Throughout the forecast period, tech-integrated crafts, product innovation, advances in technology, amalgamation of technology sectors, and growing partnerships are some of the key projected trends.
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What Drivers Are Propelling the Growth of Arts And Crafts Market Forward?
The projected expansion of the arts and crafts market is linked to the prospect of heightened governmental funding for arts and crafts. Government funding pertains to the financial resources allocated by the administrations for schemes or policies designed to deal with specific societal, economic, environmental, or political issues within a nation or region. Governments have the capacity to ensure the flourishing of arts and crafts, thereby enhancing not only the financial stability of individual artists and artisans but also fostering the development of the wider community. For example, in August 2023, records from Americans for the Arts, a non-profit based in the US, showed that local government funding to local arts agencies had escalated to $1.01 billion in 2023, marking a 7.5% rise from 2022. Hence, the growth in the arts and crafts market can be attributed to the increase in government funding for arts and crafts.
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Which Emerging Trends Are Transforming the Arts And Crafts Market in 2025?
Key players in the arts and crafts marketplace, such as D & L Craftworkz, are striving for market dominance by introducing innovative products like specialized crafting tools. These unique crafting tools can greatly enhance a crafter's creative potential, paving the way for more elaborate and professional outcomes. Often, these tools are crucial for transforming a crafting passion into a feasible professional venture. In April 2024, D & L Craftworkz, a manufacturer of arts and crafts products based in Australia, released a new series of arts and crafts provisions for both hobbyists and professionals within Australia. This recent assortment provides a broad spectrum of necessary tools and materials that can help bring imaginative ideas to life. The latest product line includes the D & L Air-dry clay, a flexible and budget-friendly material that is suitable for crafts activities for both children and adults, ranging from kindergarten art tasks to DIY wedding decorations.
What Are the Key Segments in the Arts And Crafts Market?
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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Who Are the Key Players Shaping the Arts And Crafts Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth 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.
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