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Writing instruments market garnered a revenue of USD 15.8 billion in the year 2019 globally and has been foreseen to yield USD 27.4 billion by the year 2027 at a compound annual growth (CAGR) of 6.7% over the forecast period.

According to the Market Statsville Group (MSG), the global writing instruments market size is expected to grow from USD 16,790.5 million in 2021 to USD 29,594.5 million by 2030, at a CAGR of 6.5% from 2022 to 2030.

Writing Instruments Market

A new study titled “Writing Instruments Market Size 2022”, published by Market Statsville Group (MSG), provides information on regional and global markets. MSG expects the global Writing Instruments market will showcase an impressive CAGR from 2022 to 2030.

Bharat Book Bureau provides the report, on “ Report on Global Writing and Marking Instruments Market https://www.bharatbook.com/retail-market-research-reports-742071/writing-marking-instruments-global.html market research analyst predicts the writing and marking instruments market to grow at a CAGR of around 5% during the forecast period. The rising use of luxury writing instruments as a status symbol is the key driver for the growth of this market.

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Consumer demand for writing instruments remained weak in 2017 as digital devices gradually play an increasingly essential role in daily communications. https://www.bharatbook.com/retail-market-research-reports-340222/writing-instruments-canada.html

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The global writing and marking instrument market size was valued at USD 16.99 billion in 2018 and is expected to reach USD 23.98 billion by 2025 at a CAGR of 5.1% over the forecast period.

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As of 2024, the global office supply and stationery market is valued at approximately $180 billion. This valuation includes various segments such as writing instruments, paper products, office supplies, and school supplies. The market's extensive range reflects its critical role in both business operations and educational settings. The office supply and stationery market has been experiencing a steady growth rate, with a compound annual growth rate (CAGR) of around 4-5% over the past five years. Several factors contribute to this consistent growth:

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The global stationery market is a multi-billion dollar industry, with estimates suggesting a market size of around USD 130 billion in 2023. This encompasses a wide range of products, from basic writing instruments and paper products to high-end art supplies and organizational tools.