About Ball-point Pen
A ballpoint is a pen which discharges ink at tip of the metal ball. The pen’s metal tip is usually made up of steel, brass or other metallic elements. These pens, being the alternative to fountain pens have become more popular globally. According to the latest trading statistics from ITC, China exported over USD1.7, of which majority is ballpoint pens, representing about 27.5% of the world’s total pen export in that year.billion worth of pens in 2016
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ball-point Pen market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Parker (United Kingdom), Lamy (Germany), AT Cross Company (United States), Levenger (United States), Mitsubishi Pencil Co. Ltd. (Japan), PILOT Corporation (United States), Montblanc (Germany), Chartpak Inc. (United States), Cello Writing (India), Waterman (United States) and Reynolds Pens (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ball-point Pen market by Type (Low Range Ball Point Pen and High Range Ball Point Pen) and Region.
On the basis of geography, the market of Ball-point Pen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). China region held largest market share in the year 2022. If we see Market by Modality Type, the sub-segment i.e. Disposable Type will boost the Ball-point Pen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type, the sub-segment i.e. Fountain will boost the Ball-point Pen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Education will boost the Ball-point Pen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distrubution Channel, the sub-segment i.e. Hypermarket and Supermarket will boost the Ball-point Pen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Top players are shifting towards biodegradable or recyclable materials in manufacturing ball point pens
Market Growth Drivers:
Constantly increasing population in the world and Ball pens are less finicky and fussy
Challenges:
The millennial generation and Generation Z have grown up surrounded by touchscreen technology and hardly remember an era before that. They are extremely comfortable typing on touchscreen devices, be it computers, tablets and smartphones.
Restraints:
High price of branded pen and Lack of distribution networks in emerging countries
Opportunities:
Top players need to penetrate the untapped regions
In March 2023, London Parker has launched of the enxt generation of parker in Parker Ingenuity, extending the range to include Fountain Pen, Rollerball and Ballpoint pens. and In March 2023, ITC Classmate has launched a pen with clip which lets its user hook it to any lanyard, pouch, bag zip or loop.
Key Target Audience
Supplier, Manufacturer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.