APAC Market Forecast
The market in Asia Pacific occupied the largest share since the last decade. The market to hold a share of 31.6% by 2037. The expansion can be attributed to the region's expanding business sector, rising production capacity, and the existence of top writing instruments, particularly in China, Japan, and India. The Brookings Institution said in 2019 that there were more educational institutions than ever before between 2001 and 2019.
North American Market Statistics
The writing instruments market in North America is projected to grow at a CAGR of 5.2% over the forecast period. Due to an increase in technological innovation and product variety nationwide in the U.S., the market is expanding largely in the region. Emphasis on launching new features for writing products like ballpoint combo pens, highlighters, and styluses specifically for use in a variety of applications like use in professional settings or industrial usage is also bolstering the market growth.
Author Credits: Parul Atri
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