Malaysia Writing Instruments Market Size By Type (Oil-based Ballpoint Pen, Water-based Ballpoint Pen, Mechanical Pencils), By Application (Oil-based Ballpoint Pen, Water-based Ballpoint Pen, Mechanical Pencils), And Forecast

Malaysia Writing Instruments Market Size And Forecast

Malaysia Writing Instruments Market size was valued at USD 115.05 Million in 2021 and is projected to reach USD 207.26 Million by the end of 2030, growing at a CAGR of 5.73% from 2023 to 2030.

Constant research and innovative product launch by prominent regional market players have also provided lucrative growth opportunities to the writing instruments market in Malaysia. The Malaysia Writing Instruments Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Malaysia Writing Instruments Market Definition

Writing instruments can be defined as an object used to produce writing. Writing prevails in different figures, lines, and forms in different regions of the world. Apart from being utilized in simple language writing forms, these instruments also find their application in other functions such as drawing, painting, and technical drawing.

Writing instruments usually have the ordinary requirement to create smooth, controllable lines. Whenever a sudden inspiration or idea hits one’s mind, the first thing people search for is writing instruments which include a pencil or pen to write, scribble, draw or highlight the thoughts in order to make them communicable and transferable to others or to remind oneself later.

Malaysia Writing Instruments Market Overview

In Malaysia, there has been a prevailing trend of simple gifts for branded giveaways and other promotional products, starting from a fancy ballpoint pen used by a company to promote a product or service. Corporate gifts have always played a significant role in cultivating good relationships with colleagues, clients, and stakeholders. Moreover, receiving a gift inspires people to continue trusting and collaborating with the respective brand or company. According to a study, a significant number of people keep promotional products for an average of eight months, indicating that an advertisement is sitting in front of someone more extended than a simple PPC ad or pop-up on a website. The growing popularity of promotional products and branded giveaways are also more likely to have a positive impression of the company that gifted it to them, thus resulting in a beneficial branding image. Along with this, constant research and innovative product launch by prominent regional market players have also provided lucrative growth opportunities to the writing instruments market in Malaysia. For instance, Noteism has introduced a new generation world’s first magnetic cap pencil-less, which does not require getting sharpened, and does not consume wood. These multipurpose pencils write a distance similar to writings produced by 100 pieces of normal pencils with a replenishable tip suitable for writing, sketching, or drawing. However, apart from this, since the commencement of the online learning session, especially after the COVID, consumer gadgets such as laptops, monitors, printers, and many more electronic gadgets were flying off the virtual shelves, thus contracting the need for writing instruments in the Malaysian market. However, rising innovations in the writing instruments market to support electronic writing are expected to counter this restraint shortly.

Malaysia Writing Instruments MarketSegmentation Analysis

The Malaysia Writing Instruments Market is segmented by Type And Application.

Malaysia Writing Instruments Market By Type

• Oil-based Ballpoint Pen• Water-based Ballpoint Pen• Mechanical Pencils• Regular Pencils• Markers and Highlighters• Others

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Oil-based Ballpoint Pen accounted for the largest market share of 37.47% in 2021, with a market value of USD 48.00 Million, and are projected to grow at a CAGR of 6.03% during the forecast period. Ballpoint pens are considered the most well-known and common pen type. Oil-based ballpoint pens dry faster than other types of ink. It is a unique and high-quality material pen. The ballpoint pen is characterized by high-quality material, quick-drying and waterproof, and also increases excellent writing skills. Furthermore, it is broadly used for the signing of a will, contract, check, note, and other legal instruments.

Malaysia Writing Instruments Market By Application

• Modern Trade• Traditional Trade

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Traditional Trade accounted for the largest market share of 66.02% in 2021, with a market value of USD 84.58 Million, and are projected to grow at a CAGR of 5.64% during the forecast period. Traditional trade is a complex distribution network of schools, retailers, wholesalers, and others. Traditional trade builds better relations between the customers and the retailers. It is less organized than modern trade. It has more alternative products customers which deliver to users according to their choice. Furthermore, things are rapidly changing as well as unorganized pockets of distribution networks are becoming more and more organized.

Key Players

The “Malaysia Writing Instruments Market” study report will provide valuable insight with an emphasis on the Malaysian market including the major player Pilot. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• The company in February 2022, has launched its biobased engineering plastic under the name” DURABIO” under pilot ball pens which will help in the education of CO2 level.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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