North America Writing Instruments Market Size & Outlook
North America writing instruments market, 2018-2030 (US$M)
Related Markets
North America writing instruments market highlights
- The North America writing instruments market generated a revenue of USD 3,956.5 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,956.5 million |
| Market revenue in 2030 | USD 5,659.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Pen |
| Fastest growing segment | Pen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 22.3% of the global writing instruments market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 5,659.3 million by 2030.
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Writing Instruments Market Scope
Writing Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 34.21% in 2023. Horizon Databook has segmented the North America writing instruments market based on pen, pencil, coloring instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The writing instruments market in North America was valued at USD 3,023.8 million in 2018 and is expected to grow at a CAGR of 8.3% during the forecast period to reach USD 5,288.7 million by 2025. North America is a major market for writing instruments and is characterized by a relatively high consumer purchasing power.
The major factors driving the growth of the market in this region include the increasing number of education institutes and corporate offices, particularly in the U.S. Moreover, the rising literacy rate, coupled with the increasing inclination of millennials toward higher education in colleges and universities, is expected to fuel the demand for stationery products in the region during the forecast period.
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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 continent-level data and insights on the North America writing instruments market , including forecasts for subscribers. This continent databook contains high-level insights into North America writing instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America writing instruments market size, by country, 2018-2030 (US$M)
North America Writing Instruments Market Outlook Share, 2023 & 2030 (US$M)
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