Must See Professional Global Proven Analysis of Office Supplies Market Amazing Growth Overview Best Report for You to See
Global Office Supplies Market to Grow at a CAGR of 2.4% between 2021 and 2026.
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Global Office Supplies Market Outlook
The global office supplies market reached a value of almost USD 245.8 billion in 2020. The office supplies industry expects to grow at a CAGR of 2.4% between 2021 and 2026 to reach a value of almost USD 283.34 billion by 2026.
The global office supplies market is driven by the emerging trend of online ordering, which accelerates the market growth. Regions such as the United States and Europe are the mature markets for office supplies.
The Asia Pacific and Latin America have a vacuum in the supply arena as the top global players do not have a strong presence in these regions. Therefore, present a significant growth potential for market expansion by major players.
The office supplies industry is going through a drastic change due to disinvesting by the major players, namely Staples and Office Depot, in most regions, except for North America.
Regions outside Europe and North America
Due to the market is extremely fragment and less mature in regions outside Europe and North America. The suppliers of this industry are advancing their supply capability, along with increasing their geographical scope, further strengthening the office supplies industry growth.
The potential market enhancers which develop from recycled materials, are being taken into consideration by the suppliers as they stock up these products.
Market Segmentation
Office supplies are a range of products, including consumables and equipment by individuals. The report covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis
The global office supplies market is driven by the integration and automation of IT and industry, which has enhanc the demand for computer/printer supplies, further aiding the office supplies market growth. The growth of the toner cartridges segment is also augmenting the market growth.
The buyers can profit from the current market situation and increase their buying power by consolidating their demand. With the expansion of portfolio, the buyers can unite and strengthen their supplier base, resulting in cost savings.
There is a growing trend of emphasising on self-branded products. Large suppliers have great trust in their self-branded products, due to higher margins, resulting in more profit than other brands. The feature of online ordering is providing further impetus to market growth.
For example, Staples transferr its investments in the online portal category to make ordering more convenient for its customers. Amazon Business and eBay have also entered the market due to already existing products on the virtual store. The suppliers are increasing their service capabilities through the inclusion of non-core office supplies.
Moreover, the market for office supplies aids the growing emphasis on education, rising literacy rates, and increasing job opportunities. Furthermore, along with increasing geographical capabilities of MNCs world over, particularly in emerging markets.
In Asia Pacific, Africa, and the Middle East, the buyers want to consolidate their supply base. However, due to the faint presence of the global suppliers, they are finding this task challenging. Although digitalization results in the closure of several retail stores, price is the determining factor, along with geographic coverage and supply assurance, for the growth of the office supplies market.
Competitive Landscape
June 2017- Office Depot, Inc. (NASDAQ: ODP) reached an agreement to sell its Mainland China business to Shanghai M&G COLIPU Office Supplies Co., Ltd.
The report gives a detailed analysis of the following key players in the global office supplies market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Staples Inc.
- Office Depot, Inc.
- Lyreco Group
- Amazon Inc.
- Marken Limited
- Deli
- Arcadia Technologies Private Limited
- Ryman
- Others
The comprehensive EMR report provides an in-depth assessment of the industry base on Porter’s five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Region |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter’s Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Staples Inc., Office Depot, Inc., Lyreco Group, Amazon Inc., Marken Limited, Deli, Arcadia Technologies Private Limited, Ryman, Others |
