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The K-12 Arts and Crafts Material Market to grow by USD 534.2 Million (2024-2028), driven by rising demand for paper-based stationery, AI powered report by Technavio

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — The global k-12 arts and crafts material market size is estimated to grow by USD 534.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.58%  during the forecast period. Grrowing demand for paper-based stationery products is driving market growth, with a trend towards 3D printers as supplement to traditional art and craft materials. However, rapidly changing market dynamics  poses a challenge. Key market players include ACTIVA Products Inc., American Art Clay Co. Inc., Bangkit USA Inc., Crayola, eeBoo Corp., Fabbrica Italiana Lapis ed Affini S.p.A., faber-castell, Hudson Envelope Corp., Itsy Bitsy Pvt. Ltd., K-12 School Supplies, Kaplan Early Learning Co., LaRose Industries LLC, Linc Pen and Plastics Ltd., Max Bringmann KG, Melissa and Doug, Nasco Inc., Nygala Corp, RM Educational Resources Ltd., RM plc., and Staedtler Mars GmbH and Co. KG.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

K-12 Arts And Crafts Material Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.58%

Market growth 2024-2028

USD 534.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.49

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 29%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

ACTIVA Products Inc., American Art Clay Co. Inc., Bangkit USA Inc., Crayola, eeBoo Corp., Fabbrica Italiana Lapis ed Affini S.p.A., faber-castell, Hudson Envelope Corp., Itsy Bitsy Pvt. Ltd., K-12 School Supplies, Kaplan Early Learning Co., LaRose Industries LLC, Linc Pen and Plastics Ltd., Max Bringmann KG, Melissa and Doug, Nasco Inc., Nygala Corp, RM Educational Resources Ltd., RM plc., and Staedtler Mars GmbH and Co. KG

Market Driver

The integration of 3D printing technology in K-12 education is revolutionizing the arts and crafts sector. Companies like Michaels Stores are supplying 3D printers to schools, enabling students to create intricate objects using CAD software and desktop 3D printers. These machines build layers of plastic, ceramic, metal, or wood filament to produce items such as plastic rings, figurines, and small gears. This trend towards DIY projects in classrooms is expected to increase, driven by the decreasing cost of 3D printers. Despite being a potential threat to traditional art material suppliers, 3D printers are also seen as auxiliary equipment for enhancing students’ understanding of additive processes in arts and crafts activities. With the growing emphasis on STEM education, 3D printing is becoming a staple in K-12 curriculums, leading to the expansion of the global K-12 arts and crafts material market during the forecast period. 

The K-12 arts and crafts material market is thriving in the education sector, with paper-based products being a top trend. Sketchbooks, craft paper, transparent paper, and clear paper are popular choices for art classrooms. Brick and Mortar stores continue to dominate, but online sales are growing. Health hazards from certain materials have raised concerns, leading to increased demand for safer alternatives like watercolor paints and markers. Middle, Preprimary, Primary, and High School educational institutions are significant buyers. Online platforms offer convenience and a wider range of options, including painting materials, modeling materials like play dough and clays, and multifunctional utilities. Hobbyists and adults also frequent community centers and schools for workshops. The web hosts numerous resources for DIY projects and tutorials. Paper-based products remain the backbone, with pencils, paints, and printing papers leading the way. Stencils add creativity to projects. As the market evolves, expect more innovative, eco-friendly, and cost-effective solutions. 

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 Market Challenges

The K-12 arts and crafts material market is characterized by rapidly changing product designs and colors, resulting in shortened product lifecycles. The typical lifecycle of most products is currently six months. New eco-friendly materials are entering the market, forcing retailers to compete on price and quality. Manufacturers must keep up with trends and develop new designs and products to stay competitive. Copyright protection is not cost-effective for short lifecycles, making counterfeit products a significant threat. Industry changes are expected to accelerate, putting pressure on producers to deliver samples and orders quickly. Developing countries face challenges in managing inventory and sales volume, while global companies must provide regionally appropriate materials to meet K-12 segments’ needs. These factors may hinder the growth of the global K-12 arts and crafts material market during the forecast period.The K-12 arts and crafts material market caters to educational institutions and hobbyists alike, focusing on paper-based products such as sketchbooks, craft paper, transparent paper, and clear paper. Brick and mortar stores and online platforms sell these items to schools, community centers, and individuals. However, challenges exist in this market. Health hazards from certain painting materials and markers require careful handling. Middle and high schools may prefer online sales for convenience, while preprimary and primary schools may prefer hands-on experiences. Multifunctional utilities like pencils, paints, modeling materials, play dough, clays, and stencils are popular. Printing papers are also in demand for creating art projects. The web offers a vast array of options, but the tactile experience of using these materials in an art classroom remains essential.

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Segment Overview 

This k-12 arts and crafts material market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineSchool Level2.1 Middle school2.2 Pre-primary school2.3 Primary school2.4 High schoolGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Offline-  The K-12 Arts and Crafts Material Market caters to schools and educators, providing essential supplies for arts and crafts projects. Our high-quality, safe materials include paints, crayons, markers, paper, glue, scissors, and various other craft supplies. We ensure timely delivery and competitive pricing, making it easy for educators to create engaging learning experiences for their students. Our commitment to customer satisfaction and wide selection of supplies sets US apart in the market.

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Research Analysis

The K-12 Arts and Crafts Material market caters to the hobby and crafting needs of children and adults in schools, community centers, and at home. This market encompasses a wide range of paper-based products such as sketchbooks, craft paper, transparent paper, and clear paper, which are essential for various artistic projects. Educational institutions play a significant role in this market, utilizing these materials for art classes and workshops. Painting materials like paint and brushes, modeling materials such as play dough and clays, and multifunctional utilities like pencils, stencils, and scissors are also popular in this market. The Education market is a significant consumer of these materials due to their role in fostering creativity and enhancing learning experiences. Online sales have become increasingly popular in the K-12 Arts and Crafts Material market, making it easier for individuals to access a wide variety of materials from the comfort of their homes. However, it is essential to consider health hazards associated with some materials, such as certain types of paint and clays, and take necessary precautions to ensure safe use.

Market Research Overview

The K-12 Arts and Crafts Material market caters to the hobby and crafting needs of children and adults in educational institutions, including community centers, schools, and workshops. This market encompasses a wide range of materials such as paints and painting materials, modeling materials like play dough and clays, multifunctional utilities, pencils, stencils, and paper-based products. The education market is a significant segment, with schools and educational institutions utilizing these materials for art classes and projects. Health hazards associated with certain materials, such as lead in paint, have led to increased awareness and demand for safer alternatives. The market is expanding to include online sales, making it more accessible to consumers. Brick and mortar stores remain popular, especially for those seeking a tactile shopping experience. Online platforms offer convenience and a wider selection of products, including markers, paints, printing materials, and papers. Middle, primary, and high schools, as well as preprimary schools, all benefit from the availability of these materials. Clear paper and sketchbooks are essential for drawing and sketching, while transparent paper is ideal for tracing and layering. The market continues to evolve, incorporating new technologies and materials to meet the changing needs of students and educators.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineSchool LevelMiddle SchoolPre-primary SchoolPrimary SchoolHigh SchoolGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Relativity Spotlights Legal Industry Leaders at the 2024 Innovation Awards

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Relativity’s annual Innovation Awards recognize the change agents of its user community

CHICAGO, Sept. 26, 2024 /CNW/ — Relativity, a global legal technology company, today announced the winners of this year’s Innovation Awards at Relativity Fest. The Innovation Awards celebrate the trailblazing individuals and teams building custom solutions, empowering their peers and forging new paths to improve the legal industry and its communities.

“Another year of the Innovation Awards signals another opportunity to celebrate our community’s dedication to making a positive impact– whether that be through developing new solutions, providing excellent customer service, or elevating and advocating for their peers in the legal industry,” said Laurie Usewicz, Chief Partner Officer at Relativity. “This year’s winners exemplify the impassioned and innovative spirit that makes the future of our industry a bright one.”

The winners hail from, or work directly with law firms, financial institutions and consultant management companies large and small, private and public. Through a combined process of a judging committee and a community vote, Best Innovation winners are selected based on how they’ve leveraged the Relativity application programming interfaces in creative ways to solve Relativity’s customers’ most unique challenges.

In addition to the standard six individual and two Best Innovation awards, a new Best Innovation category was added for this year, Developer Partner. This award recognizes solutions created by Relativity’s independent software vendor (ISV) community that are offered directly to customers. Eligibility is restricted to solutions that are not owned by an Enterprise or Solution, Advisor, or Provider Partner.

The 2024 Innovation Awards winners are:

Artificial Intelligence: Ben Sexton, Vice President, JND eDiscoveryCustomer Experience: Jenna Rooney, Director, Client Services, Arete Incident ResponseEducation & Mentorship: Deedra Smith, Managing Director, FTI ConsultingInclusion: Vazantha Meyers, Vice President, Discovery Services, Haystack IDSecurity: Jenna Rooney, Director, Client Services, Arete Incident Response Stellar Women: Stephanie L. Goutos, Lead Practice Innovation Attorney, Gunderson DettmerBest Innovation: Developer Partner: Redaction Suggestions in Blackout by MilyliBest Innovation: Enterprise: Flywheel by Troutman Pepper eMergeBest Innovation: Partner: GenAI Toolbox by EY Switzerland

Each of the award winners above exemplify what it means to be a changemaker at the individual, organizational and industry levels. All award winners are determined by a combination of Relativity judging committees unique to each category and a community vote.

Relativity congratulates all submissions for the innovative work delivered this past year.

About Relativity
Relativity makes software to help users organize data, discover the truth and act on it. Its SaaS product, RelativityOne, manages large volumes of data and quickly identifies key issues during litigation and internal investigations. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organizations globally primarily in legal, financial services and government sectors, including the U.S. Department of Justice and 198 of the Am Law 200. Please contact Relativity at sales@relativity.com or visit www.relativity.com for more information.

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SOURCE Relativity

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UniFab Launches Anime AI Model: Empowering Anime Content Creation

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HONG KONG, Sept. 27, 2024 /PRNewswire/ — UniFab, a global leader in intelligent video editing, officially launches its latest anime AI model, designed to enhance anime video quality and redefine the anime content creation process.

The UniFab anime AI model leverages advanced deep learning and computer vision to automatically recognize and optimize uploaded materials, producing smooth, high-quality animations. It enables users to easily enhance old, low-resolution anime videos, offering a revolutionary solution for content creators and fans.

Key Features:

Quality Enhancement: Supports upgrades video resolution to 1080P and 4K, significantly enhancing clarity and detail.

Colorization and Detail Restoration: Enhances line definition, texture clarity, and color accuracy, restoring artistic styles and character details with precision.

Effortless Operation: The user interface is intuitive, and the operation process is straightforward. Users can simply upload videos and follow a few steps.

Multi-Function Video Editing: Offers editing features such as trimming, merging, and audio processing, enabling users to easily create personalized video content.

The UniFab anime AI simplifies the traditionally complex enhancement process, enabling both beginners and experienced professionals to quickly create stunning works with this innovative tool. This AI model is now officially available, further strengthening UniFab’s leadership in content creation technology.

About UniFab

This AI video enhancer software features a comprehensive suite of AI-powered tools for video and audio editing, delivering versatile capabilities and outstanding results in quality enhancement.

Video Upscaler AI: Boosts video resolution to 4K, restoring details for a clearer viewing experience.

HDR Upconverter AI: Converts videos from SDR to HDR10/Dolby Vision, delivering richer and more realistic colors.

Denoise AI: Eliminates noise and grain caused by various factors, resulting in cleaner videos.

Deinterlace AI: Converts interlaced video signals to progressive, effectively reducing flicker and visual artifacts.

Smoother AI: Utilizes frame interpolation to increase video frame rates by AI, delivering smoother and more fluid motion.

Video background Remover AI:  Supports replacing or removing unwanted background and objects in videos to highlight the subject.

Audio Upmix AI: Upscales audio tracks from videos to EAC3 5.1/DTS 7.1 surround sound for a cinematic listening experience.

The era of AI-powered video editing has arrived, and we invite all industry partners and users to join us in experiencing the ultimate audiovisual experience.

Contact Information:

Company Name: UniFab

Official Website: https://unifab.ai

JP: https://ja.unifab.ai/

FR: https://fr.unifab.ai/

DE: https://de.unifab.ai/

ZH: https://zh.unifab.ai/

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SOURCE UniFab Technology

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Monolith Announces Additional Funding from Investor Consortium

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Latest round of financing will support Monolith’s commercial growth, as it continues to advance toward expanding operations

LINCOLN, Neb., Sept. 26, 2024 /PRNewswire/ — Monolith Materials, Inc. (Monolith), a global leader in clean hydrogen and carbon black, today announced a closed funding round from existing investors, including Azimuth V Energy Evolution Fund and Azimuth Capital Management’s Development Company Platform, Cornell Capital, Decarbonization Partners, TPG Rise Climate, and Warburg Pincus. This is the latest round following Monolith’s capital raise in July 2022 and conditional approval for a loan from the Department of Energy Loan Programs Office to expand its production facilities in Nebraska.

“It is an exciting time for Monolith, and we are incredibly proud of the work we are doing to scale the business supported by world-class investors,” said Rob Hanson, co-founder and CEO of Monolith.  

Monolith uses clean energy to power a commercial-scale proprietary plasma pyrolysis process that electrifies carbon black and hydrogen production. The carbon black produced from Monolith’s low-emission process is an essential input for tires, plastics, inks, paints and other uses. Today, the carbon black that Monolith produces at its existing facility (OC1) goes into tires across North America. The clean hydrogen to be produced at Monolith’s expansion facility (OC2) will be converted to ammonia and is expected to be supplied as fertilizer to farmers in America’s Corn Belt to help feed and fuel the world.

“This funding continues our decade-long partnership with Monolith as the company builds a high energy, low emissions future,” said Roy Ben-Dor, Managing Director and Head of Energy Transition & Sustainability, Warburg Pincus. “The company’s proprietary approach to producing sustainable hydrogen, carbon black, and ammonia is critical to decarbonizing the energy and materials sectors.”

“The Monolith team continues to move at pace in tackling emissions from some of the most widely used, yet most difficult to decarbonize materials. Since our initial investment in 2022, we’ve seen strong demand from top brands in Monolith’s end markets and we look forward to continuing that momentum with our latest investment,” said Jonathan Garfinkel, a Managing Partner of TPG Rise Climate.

“Rob and the team at Monolith continue to successfully navigate the road toward launching their expansion, which will significantly scale their operations and put more clean tires on the road,” said Dr. Meghan Sharp, Global Head of Decarbonization Partners. “We look forward to continuing to support the company.”

About Monolith
Monolith is a next-generation cleantech company that uses clean energy to power a commercial-scale proprietary plasma pyrolysis process that electrifies the production of carbon black and hydrogen, which provides environmental advantages over conventional production processes. Monolith is backed by Azimuth Capital Management, Cornell Capital, Decarbonization Partners, Elda River Capital Management, LLC, Imperative Ventures, Mitsubishi Heavy Industries America, NextEra Energy Resources, LLC, Perry Creek Capital LP, SK Inc., TPG Rise Climate and Warburg Pincus. For more information on Monolith, visit www.monolith-corp.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global growth investor. The firm has more than $83 billion in assets under management. The firm’s active portfolio of more than 225 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than $117 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

About Azimuth Capital Management
Founded in 2000, Azimuth is an energy transition private equity manager focused on late stage growth equity and development opportunities in North America and Europe. Azimuth is an international leader in energy operating and project development experience, which enables differentiated results across five funds in addition to in-house development company origination. Azimuth V targets low carbon fuels, battery materials, and baseload clean power and storage with a focus on efficient carbon mitigation. For more information, please visit www.navigatingenergy.com.

About Cornell Capital
Cornell Capital is a U.S.-based private investment firm with ~$6 billion of AUM and offices in New York and Hong Kong. Leveraging decades of global investment experience, the firm takes a disciplined approach to investing across the consumer, financial services, and industrials/business services sectors, often in companies that can benefit from the firm’s Asia presence and cross-border expertise. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. For more information, visit www.cornellcapllc.com

About TPG Rise Climate
TPG Rise Climate is the dedicated climate investing strategy of TPG’s $19 billion global impact investing platform. TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals, the strategic relationships developed across TPG’s existing portfolio of climate-focused companies, and a global network of executives and advisors. The fund takes a broad-based sector approach to investment types, from growth equity to value-added infrastructure, and focuses on climate solutions in the following thematic areas: clean electrons, clean molecules and materials, and negative emissions. Jim Coulter, TPG Founding Partner and Executive Chairman, serves as a Managing Partner of TPG Rise Climate. Former U.S. Treasury Secretary Hank Paulson serves as TPG Rise Climate’s Executive Chairman. For more information, please visit www.therisefund.com/tpgriseclimate.

About Decarbonization Partners
Decarbonization Partners is a joint venture between Temasek and BlackRock focused on late-stage venture capital and early growth private equity investing in next-generation companies that provide solutions and technologies to help accelerate global efforts to achieve a net zero global economy by 2050. Decarbonization Partners combines Temasek and BlackRock’s complementary platforms and expertise in sourcing and underwriting private investments, portfolio and risk management, and sustainable technology and analytics. Decarbonization Partners invests in a wide range of companies that have proven technology and need capital to scale. The partnership attracted $1.40bn in capital from a diverse set of over 30 institutional investors across North America, Europe and Asia Pacific. 

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