Mechanical Pencil Market Size, Share, Industry, Forecast and Outlook (2024-2031)
Global Mechanical Pencil Market reached US$ 490.2 Million in 2023 and is expected to reach US$ 697.1 Million by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.
The growing awareness of the environmental impact of disposable pens and wooden pencils is expected to enhance the globally mechanical pencils market. Mechanical pencils are considered a more ecological option than traditional wooden pencils and disposable pens because they are refillable and long-lasting. The market is growing because to the trend for environmentally friendly writing equipment.