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.
Wide-scope of applications and adoption of these markers among various end-use verticals, and easy availability of ultra-clean washable markers are some other major factors driving market growth. The pigments used in these markers are highly dissolvable in water-based liquids. Washable markers are water-based liquid agents, therefore, the marks drawn by these markers get easily dissolved or separated when exposed to water or water-based liquids, even after hours of being dried. A gentle rub with any cloth, tissue, paper, cotton-based duster can erase out the ink drawn by these markers conveniently.
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Key Players:
The players operating in the global washable markers market are Crayola, Liqui-Mark Corporation, Faber – Castell, Luxor Writing Instruments Pvt. Ltd., F.I.L.A. 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.
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Market Segmentation:
Type Outlook (Revenue, USD Million; 2018-2028)
- Semi-Washable
- Ultra-Clean Washable
- Self-Vanishing
Functions Outlook (Revenue, USD Million; 2018-2028)
- Rehydrateable
- Non-Toxic
- Multi-Surface
- Scented
Applications Outlook (Revenue, USD Million; 2018-2028)
- Children Usage
- Educational Sectors
- Official Purpose
- Others
Regional Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East Africa
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Objective 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. To analyze the Washable Markers market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
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