According to Cognitive Market Research, The Global Drawing Pencil market size is USD 15.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.
The global drawing pencil market will expand significantly at 3.50% CAGR between 2023 and 2030.
The demand for drawing pencils is rising due to the development of environmentally friendly drawing pencils.
Demand for innovation in pencil manufacturing remains higher in the drawing pencils market.
The commercial use category held the highest drawing pencil market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific drawing pencil market will experience the strongest growth until 2030.
