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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