India Writing Instruments Market Size By Product Type (oil-based ball pen, water-based ball pen, mechanical pencil), By Sales Channels(modern trade, and traditional trade), By Geographic Scope And Forecast
Published on: 2024-08-11 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
India Writing Instruments Market Size By Product Type (oil-based ball pen, water-based ball pen, mechanical pencil), By Sales Channels(modern trade, and traditional trade), By Geographic Scope And Forecast
India Writing Instruments Market Size And Forecast
India Writing Instruments Market size was valued at USD 707.11 Million in 2024 and is projected to reach USD 1274.31 Million by 2031, growing at a CAGR of 7.64% from 2024 to 2031.
Good handwriting catches a reader’s attention and compels them to read what is written, thus increasing the demand for writing instruments in the market. The India 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.
India Writing Instruments Market Definition
Writing instruments can be defined as an object used to draw every idea on paper and is considered an important object used for communication. 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 to make them communicable and transferable to others or to remind oneself later. Writing instruments such as pens are close to people of all walks of life of different ages and different gender and the association between them is a lifelong one. A good quality pen at one’s fingertips elevates the confidence level of some people and makes them feel good.
Writing comes in various figures, lines, and forms in different regions of the world. Therefore, to draw these figures, lines, and forms and in most cases draw them in a meaningful manner, writing instruments come into the picture that usually has the ordinary requirement to create smooth, controllable lines. 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.
Concisely, every idea starts with writing instruments in order to make them visible through pleasant, comfortable, and dependable writing, coloring, or drawing methods. Writing instruments comes in various styles and colors, starting from black, blue, green, red, pink, brown, purple, gold, and silver.
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India Writing Instruments Market Overview
The experience of writing is provided since the phase of childhood, which starts with almost the scribbles and is taught till the formal education system to write appropriately. This increases the importance of writing as it is considered a predominant way of communication, thus shaping the role of writing instruments. The writing instruments market has gained significant momentum owing to the position of handwriting in expressing one’s personality in the form of understanding, feelings, emotions, and attitudes. Good handwriting catches a reader’s attention and compels them to read what is written, thus increasing the demand for writing instruments in the market. The Indian writing instrument market is profoundly fragmented and is generally overwhelmed by the need of the growing educated population. Thus, despite advancing digitalization, elementary school children in India still learn to write by hand. Especially in the school writing material class, the level of textbooks accounts for most of the market.
The writing instrument business in India is currently experiencing development because of the colossal expansion in the interest in writing material items in the country with the growing literacy rate. States including Kerela, Himachal, and Delhi that are topping the chart regarding the literacy rates present the growing importance of education owing to increasing government focus on providing education to every possible citizen of India. Moreover, the declaration of education as a basic right in India has further enhanced its role, therefore expanding the consumer base for the writing Instruments market in India. The writing instruments are primarily in demand among children, school-going students, and artists. This demand is supported by the introduction of multipurpose fancy coloring instruments and the availability of these products in various shades of color.
The demand for writing instruments is further expected to grow in India because of rising skill enhancement courses leading to the proliferating working population, and higher per capita income, which in turn leads to a growing demand for stationery. Writing instruments have also made their way into the corporate gifting segment with the rising urbanization and growing corporate culture in metropolitan cities of India including Delhi, NCR, Lucknow, Bhopal, Bengaluru, Kolkata, Chennai, Pune, Hyderabad, Mumbai, and Ahmedabad. During corporate events, writing instruments are primarily included in government as well as the private organization as gifts or mementos. Companies specializing in luxury pens are attracting people from high-income groups owing to their designer finish look and quality. The rising presence of writing instrument brands such as Linc, Flair, Rotomac, Stic, Cello, Pilot, and Luxor in India further highly promoted this interest.
Prominently, India has evolved as a huge producer of writing instruments, thus marking large exports of writing instruments. The country is becoming a major export hub for pens where currently it exports about 20% of the total production. Moreover, the writing instruments industry in India is observing month-on-month growth fueled by competitive pricing and product innovation. This is because it largely manufactures tips and inks- two crucial components of the pen, thus a wide range of new exotic varieties of direct fill pens are available in the market with price points of Rs.2, 3, and 5. Pens costing less than Rs 15 per piece account for nearly 80% of revenue with only a small percentage coming from pens priced between Rs 100 and Rs 300. Furthermore, the rising range of national and international writing instrument brands on Indian shelves is likely to draw new opportunities in the country’s market.
India Writing Instruments MarketSegmentation Analysis
The India Writing Instruments Market is segmented on the basis of Product Type, Sales Channels, and geography.
India Writing Instruments Market, By Product Type
- oil-based ball pen
- water-based ball pen
- mechanical pencil
- regular pencil
To Get Summarized Market Report By Product Type-
The India Writing Instruments market by product type is segmented as oil-based ball pen, water-based ball pen, mechanical pencil, regular pencil, markers and highlighters, and others. Oil-based pens accounted for the largest market share in 2021, and are projected to grow at a CAGR of 7.81% during the forecast period.
Ballpoints are handsome writing implements with beautiful barrels made to accommodate a more comfortable grip which minimum or rare probability of getting clogged or dried up. There are other clear advantages to ballpoint pens such as they can write in any direction rolling the ball up, down, sideways, and round and round will usually dislodge any clog and get the ink flowing again. The advantages of the ballpoint pen became obvious when a thicker, oil-based ink is used, which didn’t leak and dried faster. Ballpoint pens, with oil-based ink, do not have the strong smell that is typically associated with oil-based markers. Moreover, their thick ink prevents their writing from spreading out on paper the way that thinner marker ink does. Generally, oil-based pens may be colored with dyes or pigments and are typically water resistant or waterproof. They also facilitates writing on slick surfaces better and with a more reasonable drying time.
India Writing Instruments Market, By Sales Channels
- modern trade
- traditional trade
To Get Summarized Market Report By Sales Channel-
The India writing instruments market by sales channels is bifurcated as modern trade, and traditional trade. Traditional trade accounted for the largest market share in 2021, and are projected to grow at a CAGR of 7.62% during the forecast period.Traditional trade is a complex distribution network of micro- retailers such as school stationary shops, hawkers, stockists, open market traders, wholesalers, and distributors. Traditional trade is primarily built on inter-personal relations between the customers and the retailers, and it is considered an intricate network that provides localized customer demand through regular orders with short lead times and varying fill rates. Traditional traders such as schools, wholesalers, and retailers provide various types of writing instruments such as water-based ballpoint pens, gel pens, regular pencils, oil-based ballpoint pens, and the rest of others.However, traditional trade is sometimes prone to huge demand which can lead to empty shelves and the need to push alternate products onto the customers. On the contrary, wholesalers have many varieties of writing instruments which give more options of writing instruments for users.
India Writing Instruments Market, By Geography
- West
- North
- South
- Central
- East
To Get Summarized Market Report By Geography-
Based on India Writing Instruments market is done into West, North, South, Central, and East. West region accounted for the largest market share of in 2021, and is projected to grow at the highest CAGR of 7.87% during the forecast period. Maharashtra, Gujrat, and Dadra & Nagar Haveli constitute the western part of India, which plays an essential role in the rising usability of writing instruments. This is because Maharashtra and Gujarat are among the more industrialized and economically advanced states. These two states account for nearly a fifth of the country’s gross domestic product and they also lay claim to being the growth engines for the country. This is because their economies have grown one to two percentage points faster than the national average, over the last decade.
Maharashtra and Gujrat fared reasonably well on per capita income and their swift growth is explained by a combination of natural resources and entrepreneurship of the people. Another factor that both States share is the relatively high level of urbanization with the presence of about 45% of the urban population and 43% in Gujarat, as per the last Census. The UT of Dadar and Nagar Haveli also has well-developed social, physical, and industrial infrastructure. Additionally, the territory includes a domestic airport that connects it to the cities of Mumbai and Ahmedabad. All these factors constitute the rising role of corporate infrastructure and service sector offices in the western region that are significant consumers of writing instruments.
Key Players
The major players in the market are; Linc pen & plastics, GM Pens International, Flair pen, pilot, UNI Mitsubishi Pencil Co.Ltd. Natraj, Cello, Lexi, Parker, and Luxor.
The competitive landscape section also includes the above-mentioned players’ key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• Uniball announced its brand introduction and transition to uni.
• The company in partnership with Media.Monks started a campaign that communicates the brand transition and drives awareness of what’s possible with uni’s broad portfolio of product solutions.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | USD (Million) |
KEY COMPANIES PROFILED | Linc pen & plastics, GM Pens International, Flair pen, pilot, UNI Mitsubishi Pencil Co.Ltd. Natraj, Cello, Lexi, Parker, and Luxor. |
SEGMENTS COVERED | By Product Type, By Sales Channels and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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