Global Marker Pen Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Marker Pen Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global marker pen market report has been segmented on the basis of product type, end use, category, sales channel, and region.

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Global Marker Pen Market: Overview

Marker pen or marking pen has its own ink-source and its tip is made out of porous, and presses fibers including felt. A marker pen is permanent that comprise of a container of any material including aluminum, glass, or plastic and a core of absorbent material which are useful for serving as a carrier for the ink. A marker pen is made out of hard felt material and contains a nib and a cap for preventing the marker from drying. The ink of the marker pens is mostly made up of alcohols for eg 1-butanol, 1-propanol, cresols, and diacetone alcohol. A marker pen is of different types such as dry-erase, waterproof, permanent and wet-erase.

Global Marker Pen Market: Dynamics

An increasing number of commercial offices and academic institutions and rising demand for recyclable and ecological plastic products across the globe are the major factors expected to drive the growth of the global marker pen market. In addition, increasing usage of environmentally, innovative, and friendly technologies by marker pen manufacturers is one of the other factor expected to drive demand of the target market. Furthermore, growing demand for promotional products such as outerwear, calendars, and T-shirts offered by companies to both customers and employees is the factor which is driving the growth of the global marker pen market over the fore coming years. However, intense impact on digital platforms is the factor that hampers market growth over the forecast period.

Increasing demand for marker pens for many multiple uses and many companies are launching marker pens in different colors. This is among the major trend which is observed in the global marker pen market.

Global Marker Pen Market: Segment Analysis

Among the product type segment, the permanent segment is dominating over the forecast period due to increasing demand for the permanent marker in different companies. Among the end use segment, the academic institution's segment is dominating over the forecast period due to the rising business environment and a number of corporate business projects. Among the category segment, the disposable segment is dominating over the forecast period. Among the sales channel segment, the online sales channel segment is dominating over the forecast period due to the increasing number of smartphone users and internet users for shopping for different products including consumer goods groceries, and stationery products.

Global Marker Pen Market: Regional Analysis

Currently, the North America market accounts for the major market share and is expected to drive growth over the forecast period as this region. This is attributed to the increasing spending power in countries in this region. Asia Pacific market is likely to register the fastest growth due increasing demand for writing instruments and importance granted to education in this region in China and India is a factor expected to drive the growth of the target market in the Asia Pacific region.

Global Marker Pen Market Segmentation:

Segmentation by product type:

Permanent
Non-Permanent

Segmentation by end use:

Academic Institutions
Commercial
Residential

Segmentation by category:

Refillable
Disposable

Segmentation by sales channel:

Supermarket/Hypermarket
Departmental Stores
Stationery Stores
Online and Other Channels