| Product Code: ETC5307803 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continues to see a significant influx of polymer clay imports, with top exporting countries being the USA, Trinidad and Tobago, Germany, UK, and Panama. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 17.15%, with a notable growth rate of 22.52% from 2023 to 2024. This data suggests a strong and expanding market for polymer clay in Grenada, with key players driving growth and demand.
Polymer clay is a versatile modeling material used in arts, crafts, and fashion accessories. In Grenada, the market is growing due to an increasing interest in DIY crafts, fashion design, and educational products, with polymer clay becoming popular in schools and among hobbyists.
The polymer clay market in Grenada is driven by its diverse applications in the arts and crafts industry, particularly among DIY enthusiasts. Its versatility in creating intricate designs and sculptures, combined with its accessibility and ease of use, supports its growing popularity in the local market. Increased interest in home-based hobbies and creative industries also fuels demand.
Polymer clay, often used in crafts, jewelry, and art, has seen a growing interest in Grenada due to its versatility and ease of use. The market is primarily driven by consumer demand for creative and customized products. Challenges include limited awareness and availability of high-quality materials locally, but with the expansion of e-commerce and artisan communities, the market has the potential for growth.
The polymer clay market in Grenada is driven by its use in arts, crafts, and manufacturing. While there is a niche demand, government support for local artisans and industries focusing on creativity and product innovation could expand the market. However, challenges related to the cost of imports and competition from cheaper alternatives may hinder growth.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Polymer Clay Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Polymer Clay Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Polymer Clay Market - Industry Life Cycle |
3.4 Grenada Polymer Clay Market - Porter's Five Forces |
3.5 Grenada Polymer Clay Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Grenada Polymer Clay Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Polymer Clay Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Polymer Clay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for handmade crafts and DIY projects |
4.2.2 Growing popularity of polymer clay jewelry and accessories |
4.2.3 Rising interest in creative hobbies and art among consumers |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative crafting materials |
4.3.3 Limited awareness about polymer clay as a crafting medium |
5 Grenada Polymer Clay Market Trends |
6 Grenada Polymer Clay Market Segmentations |
6.1 Grenada Polymer Clay Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Grenada Polymer Clay Market Revenues & Volume, By Solid, 2021-2031F |
6.1.3 Grenada Polymer Clay Market Revenues & Volume, By Liquid, 2021-2031F |
6.2 Grenada Polymer Clay Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Polymer Clay Market Revenues & Volume, By Jewelry Making, 2021-2031F |
6.2.3 Grenada Polymer Clay Market Revenues & Volume, By Manufacturing of Toys and Novelty Items, 2021-2031F |
6.2.4 Grenada Polymer Clay Market Revenues & Volume, By Arts and Sculpture Making, 2021-2031F |
6.2.5 Grenada Polymer Clay Market Revenues & Volume, By Crockery and Ceramic Products, 2021-2031F |
6.2.6 Grenada Polymer Clay Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Polymer Clay Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Polymer Clay Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Grenada Polymer Clay Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Grenada Polymer Clay Market Revenues & Volume, By Industrial, 2021-2031F |
7 Grenada Polymer Clay Market Import-Export Trade Statistics |
7.1 Grenada Polymer Clay Market Export to Major Countries |
7.2 Grenada Polymer Clay Market Imports from Major Countries |
8 Grenada Polymer Clay Market Key Performance Indicators |
8.1 Number of polymer clay workshops and classes held in Grenada |
8.2 Percentage increase in online searches for polymer clay tutorials and projects |
8.3 Growth in the number of local artisans using polymer clay in their creations |
9 Grenada Polymer Clay Market - Opportunity Assessment |
9.1 Grenada Polymer Clay Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Grenada Polymer Clay Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Polymer Clay Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Polymer Clay Market - Competitive Landscape |
10.1 Grenada Polymer Clay Market Revenue Share, By Companies, 2024 |
10.2 Grenada Polymer Clay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |