UK Writing Instruments Market Size & Outlook, 2023-2030
UK writing instruments market, 2018-2030 (US$M)
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UK writing instruments market highlights
- The UK writing instruments market generated a revenue of USD 554.6 million in 2023 and is expected to reach USD 818.9 million by 2030.
- The UK market is expected to grow at a CAGR of 5.7% 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 554.6 million |
| Market revenue in 2030 | USD 818.9 million |
| Growth rate | 5.7% (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, UK accounted for 3.1% 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 Europe, UK writing instruments market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 818.9 million by 2030.
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Writing Instruments Market Scope
Writing Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 35.47% in 2023. Horizon Databook has segmented the UK writing instruments market based on pen, pencil, coloring instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for writing and drawing instruments has been witnessing considerable growth in line with the increase in the number of artists and creative hobbyists. However, the ongoing digitization in the educating sector and the proliferation of personal electronic gadgets are resulting in the subsequent decline in the use of paper and notepads.
This is expected to challenge the growth of the U.K. writing instruments market over the forecast period. Nevertheless, an increasing portfolio of premium stationery items and the growing availability of personalized products are likely to open new opportunities for players in the market. Personalized stationery and writing tools make for unique gifts and demand for the same has grown in recent years.
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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 UK writing instruments market , including forecasts for subscribers. This country databook contains high-level insights into UK writing instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK writing instruments market size, by product, 2018-2030 (US$M)
UK Writing Instruments Market Outlook Share, 2023 & 2030 (US$M)
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