Global Marker Pens Market Projected to Reach $492.3 Million by 2030, Driven by a Robust CAGR of 5.2%
Global Market for Marker Pens
Dublin, March 14, 2024 (GLOBE NEWSWIRE) -- The "Marker Pens - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global landscape of marker pens is witnessing a remarkable growth trajectory, with projections indicating an upsurge to a value of approximately $492.3 million by 2030. This bullish outlook is propelled by a steady Compound Annual Growth Rate (CAGR) of 5.2% spanning the analysis period from 2022-2030. Within this dynamic market, the permanent marker segment is anticipated to exhibit a notable CAGR of 5.7%, asserting its dominance with a forecasted value of $316.4 million by the conclusion of the analysis period.
Amidst the recovery phase post-pandemic, non-permanent markers are set for a revised growth rate of 4.5% CAGR over the upcoming 8-year period, reflecting a renewed market interest and adaptability in these products. The United States, established as a key player in the industry, is currently estimated at $89.2 million for 2022. Meanwhile, China's vibrant economic engine is expected to soar at an 8% CAGR, reaching a prospective $101.5 million by 2030, underscoring the nation's significant market potential.
Other geographical areas exhibiting promise include Japan and Canada, each poised for growth rates of 3.5% and 4.5% respectively during the 2022-2030 forecast period. Europe too, with Germany at the helm, is anticipated to grow at a CAGR of around 4.1%.
The research highlights several key trends and insights, including the impact of the Russia-Ukraine conflict, the effect of global inflation, the challenges faced by China amidst the easing of its zero-Covid policy, supply chain disruptions, and global trade tensions. Moreover, it addresses the looming risk of recession, thereby offering an all-encompassing view of the market’s resilience and adaptability.
This newly added market analysis is now accessible, providing a comprehensive perspective on the competitive landscape, including a detailed breakdown of key competitor’s market shares and their operational presence across various geographies. The research further offers online interactive peer-to-peer collaborative bespoke updates and a year of complimentary updates, reflecting the report's commitment to continuous, in-depth market analysis.
Global Market Perspective
Marker Pens Market Analysis:
Analysis covers the period from 2014 to 2030.
Detailed analysis by geographic region: USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Annual sales figures provided in US$ Thousand.
Percentage CAGR provided for each region.
Market Perspective by Type:
Permanent
Non-Permanent
Disposable
Refillable
Market Perspective by End-Use:
Academic Institutions
Commercial
Residential
Historic Review and Future Analysis provided for comparison.
16-Year Perspective provided for understanding the long-term trends in each region, type, and end-use segment.
Key Attributes
Report Attribute | Details |
No. of Pages | 93 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $327.4 Million |
Forecasted Market Value (USD) by 2030 | $492.3 Million |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
A selection of companies mentioned in this report includes
Chartpak, Inc.
Faber-Castell
Guangdong Baoke Stationery CO., LTD
Kokuyo Camlin Ltd
Newell Office Brands
Sakura Color Products of America, Inc.
Sanford L.P.
STABILO International GmbH
Staedtler Mars GmbH & Co. KG
Too Marker Products Inc.
For more information about this report visit https://www.researchandmarkets.com/r/upgc3o
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