South Korea Writing Instruments Market Size & Outlook
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South Korea writing instruments market highlights
- The South Korea writing instruments market generated a revenue of USD 224.9 million in 2023 and is expected to reach USD 282.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.3% 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 224.9 million |
| Market revenue in 2030 | USD 282.0 million |
| Growth rate | 3.3% (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, South Korea accounted for 1.3% 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 |
|---|---|---|---|---|
| PLUS Corporation | View profile | 5001-10000 | Tokyo, Tokyo, Japan, Asia | https://www.plus.co.jp |
| Luxor Group | View profile | 11-50 | Rio De Janeiro, Rio de Janeiro, Brazil, South America | https://luxor.com.br |
| M&G Stationery | View profile | 5001-10000 | Fengxian, Shanghai, China, Asia | http://www.mg-pen.com/ |
| Flair Pens | View profile | 51-100 | Kandivli, Maharashtra, India, Asia | https://www.flairpens.com/ |
| Hindustan Pencils | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | https://www.hindustanpencils.com |
| Linc Pen & Plastics | View profile | 501-1000 | Kolkata, West Bengal, India, Asia | http://www.lincpen.com/ |
| Faber-Castell | View profile | 5001-10000 | Cleveland, Ohio, United States, North America | http://fabercastell.com |
| Pilot Corp | View profile | 3578 | 2-6-21 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8304 | http://www.pilot.co.jp |
| Newell Brands Inc | View profile | 24600 | 6655 Peachtree Dunwoody Road, Atlanta, GA, United States, 30328 | https://www.newellbrands.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
South Korea 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 36.46% in 2023. Horizon Databook has segmented the South Korea writing instruments market based on pen, pencil, coloring instruments covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea writing instruments market , including forecasts for subscribers. This country databook contains high-level insights into South Korea writing instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea writing instruments market size, by product, 2018-2030 (US$M)
South Korea Writing Instruments Market Outlook Share, 2023 & 2030 (US$M)
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