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
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
Growth momentum & CAGR
Decelerate at a CAGR of 6.28%
Market growth 2022-2026
USD 758.48 million
YoY growth (%)
APAC, North America, Europe, South America, and
Performing market contribution
APAC at 68%
Key consumer countries
India, China, US, Mexico, and Brazil
Leading companies, competitive strategies, consumer
Faber-Castell Aktiengesellschaft, Flair Writing
Parent market analysis, Market growth inducers and
If our report has not included the data that you are
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