Writing instruments market size to grow by USD 9,424.32 million between 2022 and 2027; Growth driven by the rapidly expanding online sales of writing instruments - Technavio
NEW YORK, March 21, 2023 /PRNewswire/ -- The writing instruments market size is estimated to grow by USD 9,424.32 million from 2022 to 2027 at a CAGR of 6.4% according to Technavio. The growth of the market is driven by the rapidly expanding online sales of writing instruments. E-commerce platforms provide customers with the ability to compare various models of writing instruments and make informed purchasing decisions based on their specific needs and preferences. Vendors can offer significant discounts on their writing instruments through online sales as costs for storage and sales staff are reduced. Such strategies help vendors in attracting a better consumer base than in traditional sales channels. Hence, online sales are expected to drive the growth of the global writing instruments market during the forecast period. To understand more about the writing instruments market, request a sample report
The report analyzes the growth of the market across regions such as APAC, Europe, North America, South America, and Middle East and Africa. APAC will account for 57% of the market growth during the forecast period. Product design and feature innovations have a significant impact on market growth. High growth in developing countries such as India and China has made it an advantage. As disposable income increases due to the high demand for writing instruments, many international suppliers are expanding their footprints into the regional market. Such factors will increase the market growth during the forecast period.
Writing instruments market ? Vendor Analysis
We provide a detailed analysis of around 15 vendors operating in the power electronics market, including Bic, Caran d Ache, Claro, Crayola, Faber Castell Aktiengesellschaft, Flair Pens, Hindustan Pencils Pvt. Ltd., Koh i noor Hardtmuth AS, Kokuyo Camlin Ltd, Linc Pen & Plastics Ltd., Luxor, Mitsubishi Pencil Co. Ltd, Montblanc, Newell Brands Inc., Pelikan International Corp. Berhad, PENTEL STATIONERY (INDIA) PVT. LTD., PILOT Corp, Schwanhausser Industrie Holding GmbH and Co. KG, Shanghai M and G Stationery Inc., and Staedtler Mars GmbH and Co. KG
Bic- The company offers writing instruments such as mechanical pencils.
Crayola- The company offers writing instruments such as pens and pencils and permanent markers.
Faber Castell Aktiengesellschaft: The company offers writing instruments such as fountain pens, graphite pencils, and ballpoint pens.
Flair Pens: The company offers writing instruments such as Ball Pens.
The writing instruments market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
Writing instruments Market Insights -
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Application (Students, Working professionals, and Institutions), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
The school stationery supplies market is projected to grow by USD 10.8 billion with a CAGR of 2.11% during the forecast period 2021 to 2026. The market is segmented by product (paper products, computer and daily use, and writing instruments) and geography (APAC, Europe, North America, South America, and MEA).
The printing and writing paper market is estimated to grow at a CAGR of 1.76% between 2021 and 2026. The size of the market is forecast to increase by USD 7.92 billion. The market is segmented by type (printing paper and writing paper) and geography (APAC, Europe, North America, South America, and Middle East and Africa)..
Writing Instruments Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.4%
Market growth 2023-2027
USD 9,424.32 million
YoY growth 2022-2023 (%)
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 57%
US, China, Japan, India, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Bic, Caran d Ache, Claro, Crayola, Faber Castell Aktiengesellschaft, Flair Pens, Hindustan Pencils Pvt. Ltd., Koh i noor Hardtmuth AS, Kokuyo Camlin Ltd, Linc Pen & Plastics Ltd., Luxor, Mitsubishi Pencil Co. Ltd, Montblanc, Newell Brands Inc., Pelikan International Corp. Berhad, PENTEL STATIONERY (INDIA) PVT. LTD., PILOT Corp, Schwanhausser Industrie Holding GmbH and Co. KG, Shanghai M and G Stationery Inc., and Staedtler Mars GmbH and Co. KG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 159: Shanghai M and G Stationery Inc. - Overview
Exhibit 160: Shanghai M and G Stationery Inc. - Product / Service
Exhibit 161: Shanghai M and G Stationery Inc. - Key offerings
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations
About Us 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.
The "Dental Floss Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War" report has been added to ResearchAndMarkets.com's offering.
The global dental floss market is...
Texas Children's Hospital is pleased to announce that Dr. Maria Elena Bottazzi, Co-Director of the Center for Vaccine Development at Texas Children's Hospital and Senior Associate Dean of the National School of Tropical Medicine at Baylor College of...
The "Financial Advisory Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.The global...
The "Lottery Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.The global lotteries...
Amarc Resources Ltd. (Amarc or the "Company") is pleased to announce that it has been invited to present at the John Tumazos Very Independent Research Conference hosted virtually on June 6 and 7, 2023.Amarc President & CEO Dr. Diane...
Doximity, Inc. , the leading digital platform for U.S. medical professionals, today announced new physician workflow products and long-term financial targets during its inaugural Investor Day at the New York Stock Exchange.
"In the two years since...