Dublin, June 27, 2023 (GLOBE NEWSWIRE) -- The "Marker Pens Strategic Business Report 2023" has been added to ResearchAndMarkets.com's offering.
Global Marker Pens Market to Reach $492.3 Million by 2030
In the changed post COVID-19 business landscape, the global market for Marker Pens estimated at US$327.4 Million in the year 2022, is projected to reach a revised size of US$492.3 Million by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.
Permanent, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$316.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Permanent segment is readjusted to a revised 4.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $89.2 Million, While China is Forecast to Grow at 8% CAGR
The Marker Pens market in the U.S. was estimated at US$89.2 Million in the year 2022. China is forecast to reach a projected market size of US$101.5 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Select Competitors (Total 42 Featured) -
- Chartpak
- Faber-Castell
- Guangdong Baoke Stationery
- Kokuyo Camlin
- Newell Office Brands
- Sakura Color Products of America
- Sanford
- STABILO International
- Staedtler Mars
- Too Marker Products
What's New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence 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
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia's war on Ukraine will play out this year and the war's role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. The year 2023 is expected to be a tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $327.4 Million |
| Forecasted Market Value (USD) by 2030 | $492.3 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Marker Pens - Global Key Competitors Percentage Market Share in 2022
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- World Recent Past, Current & Future Analysis for Marker Pens by Geographic Region
- World Historic Review for Marker Pens by Geographic Region
- World 16-Year Perspective for Marker Pens by Geographic Region
- World Recent Past, Current & Future Analysis for Permanent by Geographic Region
- World Historic Review for Permanent by Geographic Region
- World 16-Year Perspective for Permanent by Geographic Region
- World Recent Past, Current & Future Analysis for Non-Permanent by Geographic Region
- World Historic Review for Non-Permanent by Geographic Region
- World 16-Year Perspective for Non-Permanent by Geographic Region
- World Recent Past, Current & Future Analysis for Disposable by Geographic Region
- World Historic Review for Disposable by Geographic Region
- World 16-Year Perspective for Disposable by Geographic Region
- World Recent Past, Current & Future Analysis for Refillable by Geographic Region
- World Historic Review for Refillable by Geographic Region
- World 16-Year Perspective for Refillable by Geographic Region
- World Recent Past, Current & Future Analysis for Academic Institutions by Geographic Region
- World Historic Review for Academic Institutions by Geographic Region
- World 16-Year Perspective for Academic Institutions by Geographic Region
- World Recent Past, Current & Future Analysis for Commercial by Geographic Region
- World Historic Review for Commercial by Geographic Region
- World 16-Year Perspective for Commercial by Geographic Region
- World Recent Past, Current & Future Analysis for Residential by Geographic Region
- World Historic Review for Residential by Geographic Region
- World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for 2014, 2023 & 2030
- World Marker Pens Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/izs94k
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