Office Stationery Supplies Market size value at USD 148.12 Billion in 2022 and project to reach USD 178.97 Billion by 2030, growing at a CAGR of 2.39% from 2023 to 2030.
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Office Stationery Supplies Market is drive by various factors such as the growing trend of online purchasing, thus the Office Stationery Supplies sector is also pursuing huge benefits from the growing e-commerce marketplace. Manufacturers, as well as retailers, are expanding their market by using the online sales market. The Global Office Stationery Supplies Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Office Stationery Supplies Market Definition
Office Stationery Supplies are the products or items that are consume in offices to perform daily jobs or work. Anything that is use in the office to complete any task or work consider an Office Stationery Supply. Office Stationery Supplies typically include small, expendable, small machines, higher-cost equipment such as computers, daily use items, consumable products, as well as office furniture.
Office stationery can broadly categorize as Consumables, Durables, and Adhesives. Consumables are the products that consume by people to get the job done. They are consume in a very short time and cannot reuse. This includes paper, pencils, pens, ink, refills, clips, etc. Durables are products that remain in their shape and size, can use for a longer period, and are reusable. This includes staplers, punching machines, paperweights, etc. Adhesives are products that can use to stick or paste something. They are generally chemicals or made of chemicals. Examples are tapes, fixers, etc.
The use of Office stationery can help to boost the performance of people. The use of such products simplifies the work of office employees. And thus it helps to increase their output. Using such supplies we can save a large amount of time and resources that can use in other places. This may help in increasing the productivity of the overall company. Also, these products can increase organizational efficiency.
Global Office Stationery Supplies Market Overview
Office Stationery Supplies Market is driven by various factors such as the growing trend of online purchasing, thus the Office Stationery Supplies sector is also pursuing huge benefits from the growing e-commerce marketplace. Manufacturers, as well as retailers, are expanding their market by using the online sales market. Furthermore, increasing the adoption of flexible working space systems due to lesser operational costs and a more flexible work environment is another factor fueling the growth of the Office Stationery Supplies Market. An increasing number of corporate offices across the globe especially in emerging economies is boosting the growth of the Office Stationery Supplies Market.
On the contrary, due to the outbreak of COVID-19, a sharp decline has been seen in Office Stationery Supplies Market due to a decrease in the demand for Office Stationery Supplies such as desk supplies, filing supplies, binding supplies, and paper products. Now team meetings are held online via videoconferencing, and supplies that use in physical office meetings or conference rooms such as notepads, pens, whiteboards, and markers have declined. Thus COVID-19 is anticipated to restrict the growth of the Office Stationery Supplies Market. Also, disruption in the supply chain thou material shipped online, and stringent lockdown rules are hampering the growth of the Office Stationery Supplies Market.
Nonetheless, the new normal of social distancing and new app launches by manufacturers with rages of options to consumers expect to provide opportunities for Office Stationery Supplies Market. Also, employees working from home are shifting their offices towards home. Thus increasing demand for office at home would provide lucrative opportunities for Office Stationery Supplies Market.
Global Office Stationery Supplies Market: Segmentation Analysis
The Global Office Stationery Supplies Market Segment on the basis of Product, Application, And Geography.
Key Developments
- In April 2021, BIC introduced BIC ReVolution, the brand’s first full range of eco-friendly stationery items. The collection includes everyday writing essentials like high-quality, long-lasting ball pens, mechanical pencils, permanent markers, and correction tape, all thoughtfully designed to help consumers seamlessly incorporate more recyclable or recycled products into their daily routines.
- In January 2021, Gemline, based in Lawrence, Mass., announced a partnership with Atlanta-based Newell Custom Writing Instruments. The collaboration expands Newell’s industry reach, broadens Gemline’s presence in the large writing instrument product line, and adds to the business its increasing portfolio of premium brand partners.
- In November 2019, Deli Group Co., Ltd (Deli) and Canon (China) Co. Ltd (Canon China) formed a comprehensive strategic partnership. The signing ceremony took place at Deli’s headquarters in Ningbo, Zhejiang Province.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Office Stationery Supplies Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
