Writing Instruments Market to grow by USD 758.48 Million from 2021 to 2026 | Emerging Online Sales of Writing Instruments to Boost Growth |17000+ Technavio Reports

NEW YORK, Nov. 26, 2021 /PRNewswire/ -- The writing instruments market  is set to grow by USD 758.48 million from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 6.28% according to Technavio. 68% of the market's growth will originate from APAC. India and China are the key markets for writing instruments in the region. The high preference for corporate gifting will facilitate the writing instruments market growth in APAC.

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Writing Instruments Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our writing instruments market report covers the following areas:

Writing Instruments Market 2022-2026:Key Vendors

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Faber-Castell Aktiengesellschaft, Flair Writing Industries Ltd., Hindustan Pencils Pvt. Ltd., Luxor Writing Instruments Pvt Ltd., M&G Holding Group Co. Ltd., Mitsubishi Pencil Co. Ltd, Newell Brands Inc., PENTEL STATIONERY (INDIA) PVT. LTD., PILOT Corp., and Societe Bic SA are some of the major market participants.

Writing Instruments Market 2022-2026: Drivers & Challenges

The emerging online sales of writing instruments and the ease of availability of raw materials will offer immense growth opportunities for the writing instruments market. However, the decline in profit margins of vendors and retailers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Writing Instruments Market 2022-2026: Segmentation

  • End-user
    • Individuals
    • Enterprises
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Writing Instruments Market 2022-2026: Revenue Generating Segment

The writing instruments market share growth by the individuals' segment has been significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the writing instruments market size.

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Writing Instruments Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist writing instruments market growth during the next five years
  • Estimation of the writing instruments market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the writing instruments market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of writing instruments market vendors

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Writing Instruments Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.28%

Market growth 2022-2026

USD 758.48 million

Market structure

Fragmented

YoY growth (%)

13.16

Regional analysis

APAC, North America, Europe, South America, and
MEA

Performing market contribution

APAC at 68%

Key consumer countries

India, China, US, Mexico, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer
engagement scope

Companies profiled

Faber-Castell Aktiengesellschaft, Flair Writing
Industries Ltd., Hindustan Pencils Pvt. Ltd., Luxor
Writing Instruments Pvt Ltd., M&G Holding Group Co.
Ltd., Mitsubishi Pencil Co. Ltd, Newell Brands Inc.,
PENTEL STATIONERY (INDIA) PVT. LTD., PILOT
Corp., and Societe Bic SA

Market Dynamics

Parent market analysis, Market growth inducers and
obstacles, Fast-growing and slow-growing segment
analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period

Customization purview

If our report has not included the data that you are
looking for, you can reach out to our analysts and get
segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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