Pencil Sharpeners Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, Canada, China, India, UK - Size and Forecast 2024-2028

Pencil Sharpeners Market 2024-2028

The Pencil Sharpeners Market size is forecast to increase by USD 138.21 million, at a CAGR of 3.11% between 2023 and 2028. 

The report offers extensive research analysis on the market, with a categorization based on Distribution Channel, including offline and online. It further segments the market by Product, encompassing manual sharpeners, electric sharpeners, battery sharpeners, and handheld specialized sharpeners. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.

Overview of the Market

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Key Players in the Market 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ACCO Brands Corp: The company offers pencil sharpeners under the brand name Derwent such as Super Point Manual Helical Desktop Sharpener with extendible front and compartment for shavings and desk clamp that is perfect for professional artists and amateurs of all ages.

The market report also includes detailed analyses of the competitive landscape of the market and information about 21 market companies, including:

• Dahle North America Inc.
• Fabbrica Italiana Lapis ed Affini S.p.A.
• Faber Castell Aktiengesellschaft
• Green and Good
• KOKUYO Co. Ltd.
• Newell Brands Inc.
• Staedtler Mars GmbH and Co. KG
• Stanley Black and Decker Inc.
• Acme United Corp.
• Baumgartens
• Bettendorf
• CARL Manufacturing USA Inc.
• Deli Group Co. Ltd.
• Factis SA
• Hindustan Pencils Pvt. Ltd.
• Officemate
• Royal Selangor International
• SDI Group
• Shanghai M and G Stationery Inc.
• Maped

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market research and growth and players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

The Future Outlook and Market Projections by Segmentation and Regional

Regional Insight

APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast years.

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Market Segmentation by Distribution Channel, Product and Geography

The offline segment is estimated to witness significant growth during the forecast period. One of the main offline distribution channels is through retail stores, which play a key role in providing convenient accessibility to customers interested in purchasing stationery products such as correction tapes and pencil sharpeners. In addition, these stores can range from large chains to small local shops, catering to a wide range of consumers. Furthermore, larger retail chains such as Walmart or Target often have designated sections for office supplies where correction tapes and pencil sharpeners are prominently displayed. This offline retail presence ensures that consumers have easy access to a variety of stationery items, including correction tapes, enhancing their shopping convenience and driving market growth in the offline segment.

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The offline segment was the largest segment and was valued at USD 548.94 million in 2018. Moreover, these stores have a significant customer base and wide geographical coverage, making them accessible to a vast number of potential buyers. In addition, they offer a variety of pencil sharpener brands and models to cater to different customer preferences. Furthermore, customers can physically examine the sharpeners' build quality, features, and functionality before making a purchase decision. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Market: Growth and Trends 

Our researchers analyzed the data with 2023 as the base year, along with the market trends and analysis, drivers, and challenges. A holistic pencil sharpener market growth analysis and report of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Growth Driver

One of the key factors driving the market growth is the growing demand for sustainable consumer stationery products. Sustainability has become a significant focus for consumers across the globe, and this trend is now influencing the choices they make when it comes to purchasing everyday items including pencils and pencil sharpeners. In addition, with growing awareness about climate change and environmental degradation, consumers are increasingly inclined towards eco-friendly products that have a reduced impact on the planet.

Moreover, this shift in consumer preferences has created a surge in demand for sustainable stationery products, including stylus pens and pencil sharpeners. In addition, sustainable pencil sharpeners are designed to meet specific criteria that consider the entire lifecycle of the product, from production to disposal. Furthermore, these sharpeners are often made from recycled or biodegradable materials, and they are produced using environmentally friendly manufacturing processes. Similarly, stylus pens are gaining popularity due to their eco-friendly materials and sustainable manufacturing practices, aligning with consumer preferences for environmentally conscious stationery items. Hence, such factors are driving the market growth during the forecast period as consumers prioritize sustainability in their purchasing decisions.

Market Emerging Trends

A key factor shaping the market growth is the growing emphasis on omnichannel retailing. Many retailers, including Staples and Office Depot, are increasingly adopting omnichannel retail strategies for the distribution of stationery products, such as pencil sharpeners. In addition, these retailers offer a diverse range of stationery products through brick-and-mortar stores, such as traditional retail outlets, as well as online retail platforms.

Moreover, the growing penetration of Internet-enabled mobile devices in countries such as the US, China, and India has resulted in a steady shift toward online retail platforms as the preferred channel for purchasing consumer stationery supplies, including writing instruments. In addition, factors such as convenient shopping and easy comparison of products have been key to the growing popularity of online retail channels for purchasing consumer stationery products. Hence, such factors are driving the market growth during the forecast period, as consumers increasingly opt for the convenience and accessibility offered by online platforms to purchase a wide range of writing instruments and other stationery supplies.

Market Challenges and Opportunities 

The increasing use of laptops in educational institutions is one of the key challenges hindering the market growth. Educational institutions including schools are adopting laptops in their classrooms due to factors such as low cost, better access to wireless technology, and convenience. In addition, laptops help students with taking notes, collaborating with other students, writing and editing their school assignments, organizing assignments and assessments, and interactive learning.

Moreover, several schools are adopting virtual technologies and providing online courses that allow students to learn at their convenience. For example, a large number of students are enrolling in courses provided by online course providers, such as Coursera Inc., edX, and Udemy, Inc., to enhance their knowledge. Hence, such factors are hindering the market growth during the forecast period.

Impact of Customer Landscape

The market development analysis report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Customer Landscape

Segment Overview

The market analysis and report forecasts of market expansion by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

• Distribution Channel Outlook
  • Offline
  • Online
• Product Outlook
  • Manual sharpeners
  • Electric sharpeners
  • Battery sharpeners
  • Handheld specialized sharpeners
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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What are the Key Data Covered in this Pencil Sharpeners Market Research Report?

• CAGR of the market  forecast
• Detailed information of market report factors that will drive the growth of the market between 2023 and 2028
• Precise estimation of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• The market growth and forecasting across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and market growth and trends
• Comprehensive analysis of factors that will challenge the growth of market companies

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