Product ID: SQSG30L2054
Global Writing Instruments Market Size, Share, Growth Analysis, By Product(Pencils (Graphite, Mechanical Pencils)), By Application(Students, Independent Professionals), By Distribution channel(Hypermarkets/ Supermarkets, Specialty Stores) - Industry Forecast 2024-2031
Report ID:
SQSG30L2054 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
100 |
Figures:
76
Global Writing Instruments Market Insights
Writing Instruments Market size was valued at USD 21.7 billion in 2019 and is poised to grow from USD 22.92 billion in 2023 to USD 34.97 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
A writing implement or writing instrument is an object used to produce writing. An increase in promotional items such as apparel and calendars offered at educational institutions and offices is expected to continue to be a key factor driving the writing instruments market. Additionally, today the availability of natural, recyclable materials used in the pen manufacturing process has increased the range and demand for pens worldwide. Writing consists of different figures, lines, and or forms. Most of these items can be also used for other functions such as painting, drawing and technical drawing, but writing instruments generally have the ordinary requirement to create a smooth, controllable line. The market is expected to expand steadily over the next few years, owing to rising demand for leading mid-range pens among experienced end-users. A continuous series of product development strategies and sustainable approaches by manufacturers are expected to contribute to the growth of the market in the coming years.
The writing instruments market is expected to grow significantly due to the introduction of fancy coloring equipment gaining momentum among children and students. These unusual painting instruments are becoming increasingly popular among artists due to the wide range of shades available. Manufacturers are always trying to appeal to their customers with custom pen body styles, clips, and superior use of ink. The ready availability of low cost and environmentally friendly products is expected to change consumer preferences for these products in a positive way. Companies that specialize in high-end pens attract high-income people because of their well-designed finish and good looks.
US Writing Instruments Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Writing Instruments Market Report Snapshots
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