Availability of Varieties and Styles
According to our new research study on "Pens Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Category, Product Type, and Distribution Channel," the pens market size was valued at US$ 16,881.08 million in 2022 and is expected to reach US$ 20,544.79 million by 2030; it is estimated to register a CAGR of 2.5% from 2022 to 2030. The report highlights key factors driving the pens market growth and prominent players along with their developments in the market.
The pens market is majorly driven by growth in the education system and the increasing availability of variety and styles of pens. Pen manufacturers are constantly innovating, introducing new ink technologies, designs, and features such as erasable ink or multi-color options to meet the consumer demand for innovative pens. In addition, environmental concerns are driving the popularity of eco-friendly pens made from sustainable materials such as bamboo or recycled plastics, which has resulted in growth opportunities for manufacturers in the pens market.
Global Pens Market Breakdown – by Region
Pens Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Category (Refillable and Single-Use), Product Type (Ball Point, Fountain, Gel, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Pens Market Size Report | Growth & Forecast 2030
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Montblanc-Simplo GmbH, C Josef Lamy GmbH, The Parker Pen Co, A T Cross Co LLC, Grayson Tighe, Flair Writing Industries Ltd, PILOT Corp, Sailor Pen Co Ltd, STAEDTLER Mars GmbH & Co KG, and Pelikan International Corp are among the key players operating in the global pens market. The global pens market players focus on providing high-quality products to fulfill customer demand. They also adopt strategies such as investments in research and development activities, new product launches, and expanding production capacities. Key players in the pens market are using e-commerce platforms to meet the growing demand for pens.
Impact of COVID-19 Pandemic on Pens Market
Before the onset of the COVID-19 outbreak, the pens market was mainly driven by the surge in the education sector. However, due to the emergence of the outbreak in 2020, many industries reported unprecedented challenges. During the initial phase of the COVID-19 pandemic, the consumer goods industry reported a decline in profits due to the shutdown of manufacturing units and disruption in the supply chain. The COVID-19 pandemic disturbed the manufacturing processes of various stationery products, including pens, owing to restrictions imposed by government authorities in various countries. Moreover, the shutdown of specialty stores and stationery stores due to lockdowns and travel restrictions during the initial months of the COVID-19 outbreak hampered the sales of pens. Furthermore, as the supermarket chains remained closed during the first quarter of 2020, the retail sales of pens reduced, which hindered the pens market growth.
The report includes the segmentation of the global pens market as follows:
The global pens market is segmented on the basis of category, product type, distribution channel, and geography. The pens market, based on category, is bifurcated into refillable and single-use. By product type, the pens market is categorized into ballpoint, fountain, gel, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the global pens market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America pens market is further segmented into the US, Canada, and Mexico. The Europe pens market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The pens market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America pens market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
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