Increasing Demand for Art Supplies Expected to Support Market Growth, reports Fact.MR

ROCKVILLE, Md. - Oct. 25, 2019 - PRLog -- Fact.MR delivers vital insights on the art supplies market in its published report, which provides global industry analysis, size, share, growth, trends for the forecast period 2019-2029. In terms of revenue, the global art supplies market is projected to grow at a CAGR of ~ 4% during the forecast period, owing to numerous factors, which Fact.MR offers through insights and forecasts in this report.

Fact.MR opines that sales of art supplies via stationery shops is more than 40% in the global art supplies market. The sale via stationary shops is going to dominate the art supplies market in comparison with other sales channels. Digital platforms amalgamating art supplies manufacturers and social media platforms, have become a tool for consumers as well as marketers to showcase and expand their art supplies merchandises, which in turn is likely to boost the art supplies market. The number of people engaging with the brands on social media and other digital platforms has increased dramatically. The shift in focus from inexpensive to quality products has been an important transition in Western countries that will boost the future market value of the art supplies market.

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As is evident with the proliferation of art supplies manufacturers, companies have focused their efforts for expansion of distribution channels in developing countries such as India and Kenya among others. Companies have collaborated with local suppliers and distributors to push through barriers for sales. The strengthening of these sales channels in these developing countries will bolster the position of these companies in the art supplies market. The APEJ region is estimated to account for the highest market share in the global art supplies market in 2019 and is projected to increase massively during the forecast period.

The corporate gifting sector has seen multiple changes in the recent years. Companies have shown to gift employees with useful products, usually consisting of stationery kits, to help facilitate their corporate and personal lives. The corporate gifting stationary is customized and branded for the company.

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