Dublin, April 25, 2024 (GLOBE NEWSWIRE) — The “Writing and Marking Instruments – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Writing and Marking Instruments Market to Reach $23.3 Billion by 2030
The global market for Writing and Marking Instruments estimated at US$16.6 Billion in the year 2022, is projected to reach a revised size of US$23.3 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030.
The report underscores the profound impact of writing, a quintessential aspect of human ingenuity, on the sustenance of the writing and marking instruments market. It situates this analysis within the context of the global economic landscape, highlighting the interconnectedness between economic trends and market dynamics.
Ballpoint & Gel Pens, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$8.4 Billion by the end of the analysis period. Growth in the Highlighters & Markers segment is estimated at 3.7% CAGR for the next 8-year period.
Competitive insights reveal the presence of 243 players worldwide in 2023, reflecting the diverse and competitive nature of the market. An exploration of writing and marking instruments encompasses their definition, overview, and various types, offering a comprehensive understanding of the industry landscape.
Insights from influencers, products, and technology shed light on emerging trends and innovations driving market growth. Notable brands and recent market activities provide further context, illustrating the ongoing evolution of the sector. The report emphasizes the growing importance of education and the resultant rise in educational investments as key drivers of market expansion. Investments in education are identified as catalysts for market growth, with a renewed focus on honing writing skills among students at schools and colleges contributing to increased demand for writing and marking instruments.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 5.9% CAGR
The Writing and Marking Instruments market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 735 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $16.6 Billion |
| Forecasted Market Value (USD) by 2030 | $23.3 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Writing, the Quintessence of Human Ingenuity, Lays the Foundation for the Sustenance the Writing & Marking Instruments Market
- Global Economic Update
- Competition
- Competitive Market Presence – Strong/Active/Niche/Trivial for 243 Players Worldwide in 2023 (E)
- Writing and Marking Instruments: Definition, Overview & Types
- Influencer/Product/Technology Insights
- World Brands
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Growing Importance of Education & the Ensuing Rise in Educational Investments to Spur Growth in the Market
- Investing in Education is a Catalyst for the Writing and Marking Instruments Market
- Renewed Focus on Honing Writing Skills for Students at Schools & Colleges Encourages Growth in the Market
- Continued Use of Paper & Pens in Offices Despite Digitalization Trend to Spur Growth in the Market
- Rise in New Offices & Home Offices Helps Amplify the Demand for Writing & Marking Instruments
- Continuous Innovations Aimed at Integrating Unique Features & Capabilities Keeps the Demand Momentum Well Oiled
- Online & Omnichannel is the New Flavor of Retailing Writing & Marking Instruments
- AI Threat to Human Writing? Explore What’s the Take Even as the Writing and Marking Instruments Market Looks on Anxiously
- Sustainability Storms Into the Spotlight
FOCUS ON SELECT PLAYERS(Total 243 Featured)
- A. T. Cross Company
- Add Pens Private Ltd.
- Crayola LLC
- Dollar Industries Pvt. Ltd.
- Faber-Castell
- Kokuyo Co., Ltd.
- Mitsubishi Pencil Co., Ltd.
- Montblanc International GmbH
- Newell Brands
- Pentel Co., Ltd.
- Pilot Corporation
- Pilot Corporation of America
- Sailor Pen Co., Ltd.
- Societe BIC
- STAEDTLER Mars GmbH & Co. KG
- Tombow Pencil Co., Ltd.
- Zebra Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/q3dh98
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- Writing and Marking Instruments Market
