New Analysis from Global Industry of Office Stationery and Supplies by 2026 Best Report
Analysts Reveals Steady Growth for Office Stationery and Supplies, with the Market to Reach $173.5 Billion Worldwide by 2026.
Resource：CISION PR Newswire
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Global Office Stationery and Supplies Market to Reach US$173.5 Billion by the Year 2026
Office stationery and supplies consume on a day-to-day basis on offices by organizations, and individuals. Expanding enterprise market, increase in number of offices, and growing number of working population are major demand for stationery products. The number of start-ups and corporate offices emerging is a potential revenue generating opportunity for market participants.
Co-working is also gaining acceptance across several countries due to the flexible working environment and savings operating costs. The flexible working space segment is proving a lure for leading companies and start-ups. Growth in also align with economic developments, cyclic/seasonal trends, technological innovations, lifestyle changes as well as demographic changes.
Apart from the cyclical nature of the industry, another noticeable trend is the strong focus of manufacturers on technology developments and product enhancements as a measure to ward off growing threat from Internet and digitalization. Future expansion of the market is likely to facilitate by business growth, increasing gains for online platforms and rising demand for customized products. The market also influence by green initiatives and the increase in adoption of recyclable stationery products by businesses, with the trend being more prominent in developed countries.
The trend is prompting vendors to offer stationery products made using recyclable materials. Companies such as Amazon.com, Staples and Office Depot have started offering sustainable products including letterhead and office papers. The growing popularity of the online platform poises to support the office supplies market.
With its numerous benefits, e-commerce is driving various vendors to go online without investing in staff and physical infrastructure while covering a broader client base. The online channel is likely to also gain from adoption of automated billing or checkout points along with increasing investment in marketing and advertising activity by retailers.
Amid the COVID-19 crisis, the global market for Office Stationery and Supplies estimate at US$155.6 Billion in the year 2022
Projects to reach a revised size of US173.5 Billion by 2026, growing at a CAGR of 2.5% over the analysis period. Computer/Printer Supplies, one of the segments analyze in the report, projects to grow at a 3.4% CAGR to reach US$49.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Paper Products segment readjusts to a revise 1.9% CAGR for the next 7-year period.
This segment currently accounts for a 28.6% share of the global Office Stationery and Supplies market. The declining consumption of paper-based commodities due to rising IT integration and automation presents tremendous growth opportunity for the computer & printer supplies market. In addition, ongoing transition of consumers from tri-color toward ink-cartridges due to their high print quality anticipates to fuel the demand for printing supplies.
The U.S. Market Estimates at $37 Billion in 2022, While China is Forecast to Reach $32.1 Billion by 2026
The Office Stationery and Supplies market in the U.S. estimates at US$37 Billion in the year 2022. The country currently accounts for a 24.32% share in the global market. China, the world’s second largest economy, estimates market size of US$32.1 Billion in the year 2026 trailing CAGR of 3.4%. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2% CAGR while Rest of European market will reach US$33.2 Billion.
Developed markets particularly the US and Europe have been traditional markets for office stationery products and supplies. Growth in these markets has been driven by the established office and enterprise sector. Creative marketing and promotional efforts is also likely to sustain growth of office supplies market instruments in these developed markets. Rapidly expanding developing nations such as China and India, increase in business development activities and subsequent rise in number of office establishments have been fueling sales of office supplies in developing regions.
Stationery/Mailing Supplies Segment to Reach $37.7 Billion by 2026
Stationery/Mailing Supplies includes products such as mailing envelopes, essentially padded envelopes & paper-based envelopes. Home Offices evolve into a strong end-use segment for stationery products due to which paper based products and printer papers. In the global Stationery / Mailing Supplies segment, USA, Canada, Japan, China and Europe will drive the 2.4% CAGR estimate. These regional markets accounting for a combine market size of US$12.1 Billion will reach a project size of US$14.4 Billion. 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$2.4 Billion by the year 2026, while Latin America will expand at a 3% CAGR through the analysis period.
