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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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HCLTech ranked #1 India-headquartered company in TIME magazine’s World’s Best Companies 2024

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NEW YORK, Sept. 27, 2024 /PRNewswire/ — HCLTech, a leading global technology company, is honored to announce its ranking as the highest ranked India-headquartered company in TIME magazine’s World’s Best Companies 2024. This recognition highlights HCLTech’s exceptional performance across key parameters, including employee satisfaction, revenue growth and ESG (environmental, social and governance) metrics.

In addition to securing the top position among all India-headquartered companies, HCLTech is also distinguished in the global top 10 list within the Professional Services category. This marks the second consecutive year that HCLTech has been featured in these prestigious rankings.

“This accolade underscores HCLTech’s commitment to excellence and innovation,” said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. “It reinforces our leadership in the industry and our status as a top employer. Aligned with our purpose of ‘Supercharging Progress’ and ‘Find Your Spark’ employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals. We continue to set new benchmarks in fostering a people-centric culture and a sustainability-driven operating model.”

The World’s Best Companies 2024 ranking is a comprehensive analysis conducted to identify the top-performing companies across the globe. They were identified based on three primary dimensions: 

Employee Satisfaction: The surveys were conducted in over 50 countries, with data collected from approximately 170,000 participants. The evaluation encompassed direct and indirect recommendations of companies as well as evaluations from employers across the dimensions of image, atmosphere, working conditions, salary, and equality by verified employees.Revenue Growth: The companies generating revenue of at least $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered.Sustainability (ESG): Evaluated based on ESG data among standardized KPIs from Statista’s ESG database and targeted data research. 

This latest accolade further strengthens HCLTech’s impressive roster of awards, including recognition as a Forbes Best Employer for New Graduates, a Forbes Best Management Consulting Firm and a Global Top Employer by the Top Employers Institute. These honors collectively underscore HCLTech’s unwavering commitment to excellence, innovation and employee satisfaction.

Click here to learn more about HCLTech’s rank in TIME magazine’s World’s Best Companies 2024. 

About HCLTech 

HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4 billion. To learn how we can supercharge progress for you, visit hcltech.com.

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Frost & Sullivan Awards MC Digital Realty 2024 Japan Company of the Year Award for Leading Data Center Solutions

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MC Digital Realty leverages advanced technology and strategic investments to provide comprehensive colocation services in Japan’s data center market, addressing Japanese businesses’ needs for sustainability and AI workloads

SAN ANTONIO, Sept. 27, 2024 /PRNewswire/ — Frost & Sullivan recently researched the data center services industry and, based on its findings, recognizes MC Digital Realty: A Mitsubishi Corporation and Digital Realty Company, with the 2024 Japan Data Center Services Company of the Year Award. MC Digital Realty offers a full spectrum of data center solutions to over 5,000 customers across more than 25 countries on six continents.

“The company demonstrates a strong focus on the Japanese market through continued investments. Strategic partnerships and innovations aligning with transforming customer expectations enable the service provider to achieve success in the country,” said Nishchal Khorana, Global Vice President of ICT at Frost & Sullivan.

The company’s state-of-the-art data centers are designed to meet the rigorous demands of AI workloads, providing flexible and customized facilities that can easily handle intensive model training and real-time inferencing. By leveraging the strength of PlatformDIGITAL® Digital Realty’s global data center platform, MC Digital Realty interconnects over 1,100 cloud and IT services, 1,200 network services in 25+ countries, 50+ metros, and 300+ data center locations on six continents. Additionally, MC Digital Realty’s investments in liquid cooling solutions have enabled multiple data centers to handle the high-density demands of AI applications, solidifying the company’s position as a market leader.

The company regularly optimizes its operational resilience and disaster preparedness. It strategically locates its data centers in areas with low seismic risk and employs innovative seismic isolation technology to protect its infrastructure from natural disasters. Moreover, its commitment to turning data into actionable insights ensure uninterrupted customer service and unsurpassed reliability, helping the company stay at the top of its industry.

MC Digital Realty also demonstrates its market leadership by leveraging its relationship with Mitsubishi Corporation to match electricity usage in its colocation data halls with 100% carbon-free and renewable energy. It integrates advanced cooling technologies and energy-efficient infrastructure to minimize its carbon footprint. By adopting these green practices, the company meets ever-evolving regulatory requirements and exceeds industry standards, setting a new benchmark for environmental responsibility in the market. This initiative aligns with the growing demand for sustainable practices and reflects the company’s dedication to reducing its environmental impact.

“MC Digital Realty matches the electricity usage in the colocation service data hall at its NRT10 and KIX11 data centers with 100% carbon-free and renewable energy by purchasing FIT non-fossil certificates from MC Retail Energy. This commitment to renewable energy demonstrates sustainability prioritization and aligns with the growing demand for sustainable practices among customers,” said Ojaswi Rana, Best Practices Research Analyst at Frost & Sullivan.

“We are deeply honored to receive this award from Frost & Sullivan, a testament to our unwavering dedication to innovation and setting standards of excellence in the dynamic data center industry. Leveraging the strength of PlatformDIGITAL™, MC Digital Realty empowers businesses to harness the full potential of AI by delivering cutting-edge, sustainable facilities that anticipate future demands. This recognition validates our commitment to providing unparalleled flexibility, reliability, and environmental stewardship as we catalyze our clients’ accelerated digital transformation,” said Kosei Hatakeyama, Representative Director and CEO, MC Digital Realty, in accepting the award. 

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91- 9953764546
E: Tarini.Singh@frost.com 

About MC Digital Realty

MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging MC’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s leading global data center platform, PlatformDIGITAL®, with 5,000+ customers across 300+ data centers on six continents. For more information about MC Digital Realty, please visit https://www.mc-digitalrealty.com/ or follow us on LinkedIn.

Contact:

MC Digital Realty Public Relations Office
E: mc-digitalrealty-pr@kyodo-pr.co.jp

About Digital Realty

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.

Contact:

Sin Huay Ho
P: +65 8125 8380
E: shho@digitalrealty.com

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TOKEN2049 Doubles Down On Record Shattering Success: The World’s Largest Crypto Event In History With Over 20,0000 Attendees and 800 Side Events

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SINGAPORE, Sept. 27, 2024 /PRNewswire/ — TOKEN2049, the world’s largest Web3 and crypto conference, celebrated its week-long extravaganza as the entire industry converged in Singapore. The week culminated in the flagship conference on 18-19 September at Marina Bay Sands, where it saw 20,000 attendees and over 800 side events take place in the heart of Asia’s leading fintech capital.

Conference-goers experienced a star-studded lineup of speakers, including Vitalik Buterin, Co-Founder of Ethereum, Edward Snowden, renowned whistleblower and privacy advocate, Anatoly Yakovenko, Co-Founder of Solana, Balaji Srinivasan, and Arthur Hayes. Adding to the excitement were Formula 1 drivers Max Verstappen and Sergio Pérez from Oracle Red Bull Racing, Lando Norris from McLaren Racing, Grammy-nominated artist Iggy Azalea, and Bryan Johnson, visionary entrepreneur and longevity pioneer.

The conference served as the stage for numerous exciting announcements and developments in the crypto world, coupled with extensive networking opportunities. Some standouts include TOKEN2049’s inaugural NEXUS startup competition which saw 10 finalists go head-to-head for a chance to impress a panel of foremost venture capitalists and become the next crypto unicorn. Attendees were also given glimpses into venture capitalist Balaji Srinivasan’s new Network School, Solana’s new crypto phone ‘Seeker‘ and BitGo’s forthcoming stablecoin. Attendees at Vitalik Buterin’s talk were in for a special treat when the Ethereum founder decided to pay tribute to the songs from his past crypto projects.

Commenting on TOKEN2049’s all-out success, Alex Fiskum, Co-Founder of TOKEN2049 said “TOKEN2049 Singapore was more than just an event—it marked a historic milestone for the global crypto industry. Bringing together 20,000 attendees, over 400 exhibitors, and hosting over 800 side events, we set a new benchmark for what’s possible in the world’s largest crypto gathering. Feedback has been phenomenal, and I’m incredibly proud of our team, whose tireless dedication made this achievement a reality. TOKEN2049 continues to be a driving force in shaping the future of the industry, and we’re excited to carry this momentum into Dubai next April, where we’ll deliver an even more immersive and transformative experience.”

The celebration continued at the highly anticipated AFTER 2049, the exclusive official afterparty for TOKEN2049, hosted at the iconic Marina Bay Sands’ SkyPark Observation Deck. With breathtaking views of the Formula 1 evening session from the 57th floor, guests enjoyed unforgettable Singapore debut performances by headliner DJs WhoMadeWho and Da Capo. Elevating the experience, Polygon Production’s pioneering 360° sound system—also making its Singapore debut—enthralled partygoers in a truly immersive audio experience.

Building on the resounding success of TOKEN2049 Singapore, the event now sets its sights on Dubai. Taking place at the 5-star Madinat Jumeirah resort from 30 April to 1 May 2025, the conference promises an even more immersive and engaging experience for attendees.

TOKEN2049 will again be returning to Singapore next year on 1-2 October 2025, continuing its tradition of being the flagship event in the global Web3 calendar.

For more information and continued updates on TOKEN2049 Dubai, please visit: https://www.dubai.token2049.com/.

About TOKEN2049

TOKEN2049 is a global Web3 event series, organised semi-annually in Singapore and Dubai, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is the preeminent meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.

Media Contact:
token2049@wachsman.com 

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