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Writing Instruments Market Size 2019 By Product Sales, Revenue, Price, Market Share, Growth Opportunity And Forecast to 2025 Research Report | Grand View Research, Inc.

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Writing Instruments Market Size 2019 By Product Sales, Revenue, Price, Market Share, Growth Opportunity And Forecast to 2025 Research Report | Grand View Research, Inc.

September 02
05:16 2021
Writing Instruments Market Size 2019 By Product Sales, Revenue, Price, Market Share, Growth Opportunity And Forecast to 2025 Research Report | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, an increase in the number of promotional products such as apparel and calendars offered by educational institutions and offices is expected to remain a key factor in driving the market.

The global writing instruments market size is expected to reach USD 22.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% over the forecast period. Growing awareness regarding the importance of education is expected to remain a key driving factor. Furthermore, increasing application of writing instruments used in promotional apparels and calendars is anticipated to drive the demand for these products in the upcoming years.

North America is expected to remain the fastest growing region, expanding at a CAGR of 8.3% from 2019 to 2025. This region is expected to witness growth on account of high spending power and constant innovative launches of new products, especially in U.S. Furthermore, high significance of education and increasing number of students and working professionals are generating more demand for these products in North America.

Asia Pacific dominated the industry in 2018 and is expected to witness significant growth in the coming years. This growth is attributed to growing awareness regarding educational importance and rapidly increasing population in the countries including China and India. This, in turn, is attracting more investors to invest in R&D so as to meet the needs and requirements of people for different skin types and needs.

Pen accounted for the largest share of 35.6% in 2018 owing to significant shift in the consumer preference from chemical to biodegradable and eco-friendly pens. Rise in the number of educational institutions and corporate offices globally has increased the demand for these products in different regions. Growing application of coloring instruments by artists and painters is anticipated to fuel the product demand over the forecast period.

Students accounted for the largest share in the industry in terms of application and generated a revenue of USD 7.8 billion in 2018. The working professionals segment is anticipated to expand at the fastest CAGR of 8.0% from 2019 to 2025. Growing incorporation of writing instruments in offices and ultimately in lives of working professionals is driving the segment.

Key industry players include Faber-Castle; Mitsubishi Pencil Co., Ltd.; Linc Pen and Plastics Private Limited; Luxor Writing Instruments Private Limited; Pilot (Pen Company); Flair Group of Companies; Newell Brands, Inc.; Hindustan Pencils Private Limited; Shanghai M&G Stationery Inc.; and Pentel Co. Ltd.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/writing-instruments-market

Writing Instruments Market Report Highlights

 By product, the pen segment accounted for 35.6% share of the overall revenue in 2018

 Pencil products accounted for a share of 24.4% for the year 2018

 Europe is expected to register a CAGR of 7.9% from 2019 to 2025.       

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/writing-instruments-market/request/rs1

Writing Instruments Market Segmentation

Grand View Research has segmented the global writing instruments market on the basis of product, application, distribution channel, and region:

Writing Instruments Product Outlook (Revenue, USD Billion, 2015 – 2025)                  

Pen    

Pencil     

Coloring Instruments     

Others

Writing Instruments Application Outlook (Revenue, USD Billion, 2015 – 2025)     

Students    

Working Professionals     

Institutions

Writing Instruments Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)     

Stationaries    

Hypermarket/Supermarket     

Departmental Stores     

Online

Writing Instruments Regional Outlook (Revenue, USD Billion, 2015 – 2025)

 North America       

  • U.S.     

Europe         

 • Germany         

 • U.K.     

Asia Pacific         

 • China         

 • India     

Central & South America         

 • Brazil     

Middle East & Africa         

 • South Africa         

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/6196/ibb

Browse More Related Report:

Stationery Products Market Size, Share & Trends Analysis Report By Product (Paper Based, Ink Based), By Application (Educational Institutes, Corporates), By Region, And Segment Forecasts, 2019 – 2025

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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Website: https://www.grandviewresearch.com/industry-analysis/writing-instruments-market

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