- Graphite Pencils
- 2H-2B
- 96-3H
- 3B-6B
- 9H-7H
- 7B-9B
- Recycled Paper Pencils
Pencil Market size was valued at USD 13,393.9 million in 2022 and is expanded to grow at a significant CAGR of 7.7% over 2023-2029. The pencil has a wide range of applications, such as writing, drawing, sketching, colouring, etc. Pencil markings are erasable, unlike pens, sketch pens, and markers that are not erasable. People's positive perspectives toward education are reflected in the rise in literacy rates. According to the UNESCO Institute for Statistics (UIS), 258 million children and youth completed their education in 2018. This number includes 59 million elementary school students, 62 million lower secondary students, and 138 million upper secondary students. The global literacy rate for 15 and up has climbed to 86.47 percent in 2019. This demonstrates the value of education and provides an opportunity for the writing tool sector, increasing the demand for pencils. To meet the desires and needs of customers, pencil makers are investing heavily in R&D. They conduct functional tests on writing instruments before and after development and production to ensure attractiveness, a comfortable grip, a long-lasting impact, and a better writing experience. Most other stationery items, such as pens and markers, are made of non-biodegradable plastic; however, pencils are made of wood, which is fully biodegradable and does not pollute the environment. The graphite-colored pencil market's supply chain has been disrupted due to the COVID-19 epidemic, which will slow market growth in the short term.
Pencil Market Key Developments:
- In June 2021, Derwent® has officially released Chromaflow colour pencils, formulated with rich pigments to deliver a bold, vibrant laydown. The Chromaflow line is available at an affordable price in sets of 12 and 24 and can now be purchased at DerwentArt.com, Blick Art Materials and on Amazon.
- In November 2020, Faber-Castell launches recycled paper pencils, expands it's commitment towards sustainablity.
Global Pencil Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.7%
Largest Market
North-America
Fastest Growing Market
Asia-Pacific
Pencil Market Dynamics
The increased availability of items in the market is due to increased imports of raw materials at lower prices and the simple method of pencil manufacture. Over the predicted period, demand for pencils is expected to rise. The introduction of new and creative multipurpose writing instruments has been critical in broadening the worldwide pencil market's breadth. The worldwide pencil market will be hampered by the requirement to invest in a high-quality sketching pencil set and difficulty holding objects.
Asia-Pacific Got Significant Share Of
Pencil Market Regional Analysis
During the projection period, the Asia Pacific region is expected to grow at a considerable CAGR (2022-2028). This expansion is expected to be driven by increasing demand for drawing pencils from various end-use industries, such as commercial and school applications. Due to increased demand from education and art & craft applications, Europe is expected to dominate during the projection period, resulting in a stable market share across the study period. Manufacturers are developing new product options such as stylus pens, various coloured inks, and pencils of various sizes. In addition, businesses are employing novel techniques to expand the application breadth among students.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The pencil market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Pencil Market Segmentation
By Product Type
By End-User
- Students
- Professionals
- Institutions
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
Frequently Asked Questions
The pencil market is projected to expand at a CAGR of 7.7% during the forecast period
Derwent (UK), Kokuyo Camlin (India), Prismacolor (USA), Staedtler (Germany), Lyra, Faber-Castell (Germany), Tombow (Japan), Creatacolor (Austria), Caran D’ache (Switzerland)
Asaia Pacific is the fastest-growing region for pencil market
| 1. Executive Summary |
| 2. Global Pencil Market Introduction |
| 2.1. Global Pencil Market – Taxonomy |
| 2.2. Global Pencil Market – Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By End User |
| 2.2.3. By Region |
| 3. Global Pencil Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Pencil Market Dynamic Factors - Impact Analysis |
| 3.6. Global Pencil Market – Competition Landscape |
| 4. Global Pencil Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Pencil Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Graphite Pencils |
| 5.1.1. 2H-2B |
| 5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. 96-3H |
| 5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. 3B-6B |
| 5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. 9H-7H |
| 5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.1.5. 7B-9B |
| 5.1.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.5.3. Market Opportunity Analysis |
| 5.2. Recycled Paper Pencils |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Pencil Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Students |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Professionals |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Institutions |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Pencil Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Pencil Market - Opportunity Analysis Index, By Product Type, End User, and Region, 2023 - 2029 |
| 8. North America Pencil MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Graphite Pencils |
| 8.1.1.1. 2H-2B |
| 8.1.1.2. 96-3H |
| 8.1.1.3. 3B-6B |
| 8.1.1.4. 9H-7H |
| 8.1.1.5. 7B-9B |
| 8.1.2. Recycled Paper Pencils |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Students |
| 8.2.2. Professionals |
| 8.2.3. Institutions |
| 8.2.4. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Pencil Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2023 - 2029 |
| 8.5. North America Pencil Market Dynamics – Trends |
| 9. Europe Pencil Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Graphite Pencils |
| 9.1.1.1. 2H-2B |
| 9.1.1.2. 96-3H |
| 9.1.1.3. 3B-6B |
| 9.1.1.4. 9H-7H |
| 9.1.1.5. 7B-9B |
| 9.1.2. Recycled Paper Pencils |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Students |
| 9.2.2. Professionals |
| 9.2.3. Institutions |
| 9.2.4. Others |
| 9.3. Country Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Pencil Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2023 - 2029 |
| 9.5. Europe Pencil Market Dynamics – Trends |
| 10. Asia-Pacific Pencil Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Graphite Pencils |
| 10.1.1.1. 2H-2B |
| 10.1.1.2. 96-3H |
| 10.1.1.3. 3B-6B |
| 10.1.1.4. 9H-7H |
| 10.1.1.5. 7B-9B |
| 10.1.2. Recycled Paper Pencils |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Students |
| 10.2.2. Professionals |
| 10.2.3. Institutions |
| 10.2.4. Others |
| 10.3. Country Analysis2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Pencil Market - Opportunity Analysis Index, By Product Type, End User, and Country,2023 - 2029 |
| 10.5. Asia-Pacific Pencil Market Dynamics – Trends |
| 11. Latin America Pencil Market Analysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Graphite Pencils |
| 11.1.1.1. 2H-2B |
| 11.1.1.2. 96-3H |
| 11.1.1.3. 3B-6B |
| 11.1.1.4. 9H-7H |
| 11.1.1.5. 7B-9B |
| 11.1.2. Recycled Paper Pencils |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Students |
| 11.2.2. Professionals |
| 11.2.3. Institutions |
| 11.2.4. Others |
| 11.3. Country Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Pencil Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2023 - 2029 |
| 11.5. Latin America Pencil Market Dynamics – Trends |
| 12. Middle East and Africa Pencil Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Graphite Pencils |
| 12.1.1.1. 2H-2B |
| 12.1.1.2. 96-3H |
| 12.1.1.3. 3B-6B |
| 12.1.1.4. 9H-7H |
| 12.1.1.5. 7B-9B |
| 12.1.2. Recycled Paper Pencils |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Students |
| 12.2.2. Professionals |
| 12.2.3. Institutions |
| 12.2.4. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Pencil Market - Opportunity Analysis Index, By Product Type, End User, and Country, 2023 - 2029 |
| 12.5. MEA Pencil Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product TypeOfferings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Derwent (UK) |
| 13.2.2. Kokuyo Camlin (India) |
| 13.2.3. Prismacolor (USA) |
| 13.2.4. Staedtler (Germany) |
| 13.2.5. Lyra, Faber-Castell (Germany) |
| 13.2.6. Tombow (Japan) |
| 13.2.7. Creatacolor (Austria) |
| 13.2.8. Caran D’ache (Switzerland) |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Derwent
- Kokuyo Camlin
- Prismacolor
- Staedtler
- Lyra, Faber-Castell.
- Faber-Castell
- General Pencil Company
- Staedtler
- Caran d'Ache
- ACCO Brands Corporation
- Cretacolor
- BIC
- China First Pencil
- FILA Group
- Hindustan Pencils