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The escalating demand for pencils across educational and academic institutions for writing, coloring, drawing, sketching, etc., is primarily driving the global pencil market. Furthermore, pencil markings can be easily erased, which is why they are gaining traction over pens and markers. This, in turn, is further impelling the market growth. Additionally, the introduction of attractive and customizable product variants, especially targeted for younger users, is acting as another significant growth-inducing factor.

The escalating demand for pencils across educational and academic institutions for writing, coloring, drawing, sketching, etc., is primarily driving the global pencil market. Furthermore, pencil markings can be easily erased, which is why they are gaining traction over pens and markers. This, in turn, is further impelling the market growth.