The Luxury Writing Instruments And Stationery Global Market Report 2023 by The Business Research Company, provides luxury writing instruments and stationery market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Luxury Writing Instruments And Stationery Global Market Report 2023, the market size is expected to grow from $4.22 billion in 2022 to $4.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global luxury writing instruments and stationery market size is expected to grow to $6.5 billion in 2027 at a CAGR of 9.0%.
The rise in the number of promotional products such as apparel and calendars by offices and educational institutes is significantly driving the growth of the luxury writing instruments and stationery market. Promotional products are customized branded products with a logo or slogan that a company or institution can offer to their customers/employees to market their products and services. The promotional products need to be used often to create a strong presence of the brand and the luxury writing instruments and stationery products also have frequent uses and can be given as promotional products. In turn, there will be a significant need for luxury writing instruments and stationery products due to the increasing number of promotional products.
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The luxury writing instruments and stationery market is segmented:
1) By Type: Pens, Pencils, Coloring Instruments, Highlighters And Markers, Diaries And Notepads, Other Types
2) By Channel: Online, Offline
3) By Application: Students, Professionals, Institutions, Other Applications
Green stationery is a recent trend in the luxury writing instruments and stationery market. The key players in the luxury writing instruments and stationery market are focusing on providing green stationery products that are not harmful to the environment. Green stationery also called eco-friendly stationery is made from organic and biodegradable raw materials and involves hassle-free disposals. These are safe for the environment, and enable companies to attain high brand value while attracting customers. For instance, in April 2021, BLUSAIGON, a Vietnam-based manufacturer of personalized luxurious writing instruments released a new line of recyclable luxury pens. Traditional pearl mosaic techniques, as well as modern design principles, are combined to create each pen. The introduction of BLUSAIGON’s eco-friendly pen line attempts to address the plastic waste which is now harming waterways in Vietnam.
The luxury writing instruments and stationery market report table of contents includes:
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