The Global Washable Markers Market size is estimated to reach USD 593.7 Million by 2028 from USD 469.1 Million in 2020, delivering a CAGR of 2.90% through 2028, according to a new report by Reports and Data.
The major factors driving the demand for washable markers is the exponential rise in the number of school-going children, along with the increasing disposable income of households in developing economies.The report discusses in detail the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, product launches and brand promotions, and licensing agreements undertaken by the key players to gain a robust footing in the market.
The Washable Markers market research report also offers a thorough SWOT analysis and Porter’s Five Forces analysis to offer key insights into the company’s progress and position.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1963Key Players:The players operating in the global washable markers market are Crayola, Liqui-Mark Corporation, Faber – Castell, Luxor Writing Instruments Pvt.
Group, Dri Mark Products Inc., STABILO International GmbH, Carioca S.p.a., Newell Brands, and Kokuyo Camlin Ltd., among others.Further key findings from the report suggest:In terms of type, the semi-washable marker segment is estimated to account for 43.2% of the global washable market share, delivering a CAGR of 2.9% through 2027.Based on function, the rehydrateable segment is forecast to contribute revenue of nearly USD 174.6 Million to the market share, witnessing a growth rate of 3.3% over the forecast period.The multi-surface markers segment accounted for 31.4% of the washable marker market revenue share in 2019 and is estimated to witness a growth rate of 2.1% over the projected timeframe.In the regional landscape, the North American region accounted for the largest chunk of the global washable market share of nearly 39.4% in 2019, followed by Europe with 24.8% of market share on account of preference for advanced teaching techniques across educational institutions in the regions.The Asia Pacific region is forecast to witness the fastest CAGR of 4.8% over the analysis period owing to the growing number of educational institutes in the emerging economies.
China, South Korea, and India remain some of the major contributors to regional growth.In April 2017, a leading manufacturer of a wide range of stationery products, Kokuyo Camlin, began its new factory in Maharashtra, India.
The new facility is the largest in the Asia Pacific region.Request customization of the report @ https://www.reportsanddata.com/request-customization-form/1963Market Segmentation:Type Outlook (Revenue, USD Million; 2018-2028)Semi-WashableUltra-Clean WashableSelf-VanishingFunctions Outlook (Revenue, USD Million; 2018-2028)RehydrateableNon-ToxicMulti-SurfaceScentedApplications Outlook (Revenue, USD Million; 2018-2028)Children UsageEducational SectorsOfficial PurposeOthersRegional Outlook (Revenue, USD Million; 2018-2028)North AmericaU.S.EuropeU.K.FranceAsia PacificChinaIndiaJapanLatin AmericaBrazilMiddle East & AfricaBrowse full report here @ https://www.reportsanddata.com/report-detail/washable-markers-marketObjective of Studies:To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Washable Markers market.To provide insights about factors affecting the market growth.