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Writing Instruments Market Share

Report ID: GMI7724
Published Date: Dec 2023
Report Format: PDF

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Writing Instruments Market Share

The market is highly fragmented owing to the presence of several market players. Major companies operating in the market are Newell, BIC, STAEDTLER, accounting over 33% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.

Government support to boost the adoption of low GWP refrigerant and the geographical expansion of key players are anticipated to intensify the market competition over the forecast timeframe. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Writing Instruments Market Companies

Major players operating in the writing instruments industry include:

Newell Brands
BIC Group
STAEDTLER Mars GmbH & Co. HG

Authors: Avinash Singh, Sharad Varpe

Frequently Asked Questions (FAQ) :

Global market for writing Instruments was valued at USD 16.6 billion in 2023 and is anticipated to register over 5.8% CAGR between 2023 and 2032 as the student population grows along with the development of the education sector.

The pens segment was worth USD 11.6 billion in 2023 and will grow significantly through 2032 as ballpoint pens are known for their convenience, reliability, and widespread availability, making them a preferred choice for everyday use.

The U.S. industry accounted for over USD 4.1 billion in 2023 and will witness substantial growth through 2032 due to a large student population in the region.

Newell Brands, BIC Group, and STAEDTLER Mars GmbH & Co. HG. among others are the main industry contenders.