Global Writing and Marking Instruments Market Report 2021: Biodegradable Pens Gaining in Popularity & Innovation and Uniqueness of New Age Pens yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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Global Writing and Marking Instruments Market to Reach $20.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Writing and Marking Instruments estimated at US$15.9 Billion in the year 2020, is projected to reach a revised size of US$20.6 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 6.8% CAGR
The Writing and Marking Instruments market in the U.S. is estimated at US$4.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.