The global mark pen market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022- 2028). Mark pen or marking pen has its ink source and its tip is made out of porous, and presses fibers including felt. A marking 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, such as 1-butanol, 1-propanol, cresols, and diacetone alcohol. A marker pen is permanent that comprises 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.
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With the increasing number of offices and academic institutions, the rise in the use of whiteboards in schools, and colleges has increased the demand for the marker to write on the whiteboard, which in turn, is encouraging the market growth. Additionally, the rise in the use of marker pens in corporate offices during conferences and meetings are further driving the growth of the market. Additionally, manufacturers are also focusing on product developments and innovations and the growing demand for eco-friendly and recyclable products further accelerates the growth of the market. However, the increase in the use of digital platforms restrains the growth of the market.
The market is segmented based on the type and application. Based on the type, the market is segmented into aqueous mark pen, oily mark pen and alcohol mark pen. Oil-based markers are permanent, AP-certified non-toxic, and xylene-free. They work on virtually any surface- metal, pottery, wood, rubber, glass, plastic, stone, and more. Alcohol markers are also permanent markers and these marker pens are used by graphic artists and illustrators.
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Some major players in the market include Too Marker Products Inc., Shanghai M&G Stationery Inc., and STAEDTLER Mars GmbH & Co. KG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2019, STAEDTLER Mars GmbH & Co.KG launched a new product under its triplus range called STAEDTLER triplus permanent.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Too Marker Products Inc., Shanghai M&G Stationery Inc., and STAEDTLER Mars GmbH & Co.KG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Mark Pen Market Report by Segment
By Type
- Aqueous Mark Pen
- Oily Mark Pen
- Alcohol Mark Pen
By Application
- Mark
- Writing
- Others
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