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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 ReportsNEW 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. For up-to-date analysis of the geographical composition of the market - Request a free sample report. 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. Subscribe to our "Lite Plan" billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month. Writing Instruments Market 2022-2026: Key Highlights
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