Global Market for Office Stationery and Supplies
Dublin, May 26, 2022 (GLOBE NEWSWIRE) -- The "Office Stationery and Supplies - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Office Stationery and Supplies Market to Reach US$172.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Office Stationery and Supplies estimated at US$155 Billion in the year 2020, is projected to reach a revised size of US$172.2 Billion by 2027, growing at a CAGR of 1.5% over the analysis period 2020-2027.
Computer / Printer Supplies, one of the segments analyzed in the report, is projected to grow at a 2.2% CAGR to reach US$49.7 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Paper Products segment is readjusted to a revised 1% CAGR for the next 7-year period. This segment currently accounts for a 27.2% share of the global Office Stationery and Supplies market.
The U.S. Accounts for Over 24.4% of Global Market Size in 2020, While China is Forecast to Grow at a 2.2% CAGR for the Period of 2020-2027
The Office Stationery and Supplies market in the U.S. is estimated at US$37.9 Billion in the year 2020. The country currently accounts for a 24.42% share in the global market.
China, the world second largest economy, is forecast to reach an estimated market size of US$31.5 Billion in the year 2027 trailing a CAGR of 2.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 1.3% respectively over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 1.2% CAGR while Rest of European market (as defined in the study) will reach US$31.5 Billion by the year 2027.
Stationery / Mailing Supplies Segment Corners a 11.1% Share in 2020
In the global Stationery / Mailing Supplies segment, USA, Canada, Japan, China and Europe will drive the 1.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020 will reach a projected size of US$13.5 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$19.8 Billion by the year 2027, while Latin America will expand at a 1.5% CAGR through the analysis period.
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the publisher's digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Pandemic Affects Sales of Office Stationery and Supplies
Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for 349 Players Worldwide in 2022 (E)
An Introduction to Office Stationery and Supplies
Global Market Prospects & Outlook
Manufacturers Focus on Newer Products and Business Models amid Decreasing Demand for Traditional Products
Developed Economies Spearhead Future Growth in Office Supplies Market
Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 354 Featured)
A.T. Cross Company
ACCO Brands Corp
Aurora Corp. of America
Ballarpur Industries Limited
Beifa Group Co., Ltd
Societe Bic S.A
Brother International Corporation
Cenveo Worldwide Limited
G M Pens International (RORITO)
KOKUYO Co, Ltd.
Lyreco UK Limited
Office Depot, LLC
Shanghai M&G Stationery Inc.
Shenzhen Comix Group Co., Ltd.
Wenzhou Aihao Pen Trade Co., Ltd.
3. MARKET TRENDS & DRIVERS
New Office Starts and Corporate Expansions: Major Growth Determinants for Office Supplies Market
Trend towards Flexible Workspaces Raises Need for Shared Resources, Presenting Opportunities for Office Supplies Market
Number of Coworking Spaces Worldwide for 2018-2021
Number of People Using Coworking Spaces (in Million) for 2018-2021
Digitalization Brings in a Mixed Bag of Opportunities & Challenges for Office Supplies Market
Digitization Impacts Demand for Traditional Office Supplies
Home Office: An Expanding Market Segment
Women: Major Home Office Users
Product Innovations Spark Renewed Interest in Office Stationery Products
Latest Trends in the Office Stationery Market
Demand for Personalized Stationery Gains Momentum
Pens Are Here to Stay!
Personalization of Pens Grows in Demand
Consumers Seek Affordable Luxury in Pens
Premium Fountain Pens Remain a Niche
Pencils Remain a Basic Writing Instrument in Office Settings
Despite Competition from Digital Technologies, Paper & Paper-Based Products Continue to Witness Steady Sales
Eco-Friendly and Recyclable Office Stationery Products Rise in Prominence
Digitization of Office Spaces Drives Demand for Computer and Printer Supplies
Trends in Office Printing Market
The Age of Digital Pens
Smart Pens: An Ideal Accessory for Tech-Savvy Office Workers
Rising Importance of Multichannel Marketing in Office Supplies and Stationery Market
Manufacturers up their Marketing Strategies to Attract Customers
Office Stationery & Supplies: Distribution Dynamics
E-Commerce Emerges as an Expanding Distribution Channel for Office Stationery and Supplies
IT Integration in Business Verticals and Evolution from Paper-Based Methods to Digital Platforms: A Key Challenge
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
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