Writing and Marking Instruments Global Strategic Business Report 2024
Dublin, Jan. 16, 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. 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.
*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.
*What`s New?*
· Special discussions on the global economic climate and market sentiment
· Coverage on global competitiveness and key competitor percentage market shares
· Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
· Online interactive peer-to-peer collaborative bespoke updates
· Access to digital archives and research platform
· Complimentary updates for one year
· Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
*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
· 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/s1ucpw
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*Attachment*
· Writing and Marking Instruments Market
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