China Writing Instruments Market Size & Outlook, 2023-2030
China writing instruments market, 2018-2030 (US$M)
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China writing instruments market highlights
- The China writing instruments market generated a revenue of USD 1,778.6 million in 2023 and is expected to reach USD 2,345.3 million by 2030.
- The China market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, pen was the largest revenue generating product in 2023.
- Pen is the most lucrative product segment registering the fastest growth during the forecast period.
Writing instruments market data book summary
| Market revenue in 2023 | USD 1,778.6 million |
| Market revenue in 2030 | USD 2,345.3 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Pen |
| Fastest growing segment | Pen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pen, Pencil, Coloring Instruments |
| Key market players worldwide | Newell Brands Inc, Mitsubishi Corp, Pilot Corp, Faber-Castell, Linc Pen & Plastics, Hindustan Pencils, Flair Pens, M&G Stationery, Luxor Group, PLUS Corporation |
Other key industry trends
- In terms of revenue, China accounted for 10.0% of the global writing instruments market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China writing instruments market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,236.9 million by 2030.
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Writing Instruments Market Scope
Writing Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China writing instruments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to writing instruments market will help companies and investors design strategic landscapes.
Pen was the largest segment with a revenue share of 37.54% in 2023. Horizon Databook has segmented the China writing instruments market based on pen, pencil, coloring instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The education system in China is run by the Ministry of Education, wherein, it is mandatory for all citizens to attend school for at least the first nine years and is completely funded by the government. The funding is extended to the provision writing instruments and other stationeries to students, leading to the purchase of these products in bulk.
The Chinese economy has been growing at a very high rate and the country is simultaneously experiencing globalization. Chinese parents are willing to make higher financial investments for their children and are supporting the integration of foreign educational systems and teaching methods. This has led to numerous parents encouraging their children for higher education in colleges and universities.
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Our clientele includes a mix of writing instruments market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China writing instruments market , including forecasts for subscribers. This country databook contains high-level insights into China writing instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China writing instruments market size, by product, 2018-2030 (US$M)
China Writing Instruments Market Outlook Share, 2023 & 2030 (US$M)
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