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Market of Global Office Stationery and Supplies to Reach $172.2 Billion by 2027 – Trend towards Flexible Workspaces Raises Need for Shared Resources, Presenting Opportunities

Resource:Yahoo Finance

https://finance.yahoo.com/news/global-office-stationery-supplies-market-114800142.html

Moreover. NEWS LINK. http://decobase.com.tw/news/

First, 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 2020. Project to reach a revised size of US$172.2 Billion by 2027. Moreover, growing at a CAGR of 1.5% over the analysis period 2020-2027.

In addition, Computer / Printer Supplies, one of the segments analyzed in the report, project to grow at a 2.2% CAGR to reach US$49.7 Billion by the end of the analysis period.

Secondly, Analysis of the business implications

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Paper Products segment readjust 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.

Additionally, 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. estimate 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, forecast to reach an estimate 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 forecast to grow at approximately 1.2% CAGR while Rest of European market will reach US$31.5 Billion by the year 2027.

Further, Stationery / Mailing Supplies Segment Corners a 11.1% Share in 2020

In the global Stationery Supplies segment, USA, Canada, Japan, China and Europe will drive 1.1% CAGR estimate for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020. These will reach a projected size of US$13.5 Billion by the close of the analysis period.

Consequently, China will remain among the fastest growing in this cluster of regional markets. The market in Asia-Pacific forecast to reach US$19.8 Billion by the year 2027. Meanwhile, Latin America will expand at a 1.5% CAGR through the analysis period.

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