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The office stationery and supplies B2B market share expect to increase by USD 18.73 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.85%. 

Resource：technavio

https://www.technavio.com/report/office-stationery-and-supplies-b2b-market-industry-analysis

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The office stationery and supplies B2B market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.

3M Co. is a public company headquartered in the US. It is a global company generating USD 35,355 million in revenues and has around 95,000 employees. Its revenue from the global office stationery and supplies B2B market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.

What will the Office Stationery and Supplies B2B Market Size be During the Forecast Period?

Parent Market Analysis 

Technavio categorizes the global office stationery and supplies business-to-business (B2B) market as a part of the global office services and supplies market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the office stationery and supplies B2B market during the forecast period. 

Office Stationery and Supplies B2B Market: Key Drivers, Trends, and Challenges 

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. 

Key Office Stationery and Supplies B2B Market Driver

One of the major factors that will drive the growth of the global office stationery and supplies B2B market during the forecast period will be the increasing business expansion across the world. Most companies consider business expansion when they have achieved a certain level of success regionally and want to expand into other markets to attract customers globally. The business expansion also takes place to establish multiple revenue streams and achieve economies of scale. Opening new offices and outlets is a major part of business expansion and a key contributor to the demand for office stationery and supplies.

Companies from various sectors are aggressively expanding into new markets by increasing the number of their office spaces. The office management and connecting people software across regions provide real-time visibility into the operations of all the connected offices. Hence, opening and managing multiple offices is simple. The development of such software supports multiply connected office spaces and will contribute to the demand for office stationery and supplies during the forecast period.

Key Office Stationery and Supplies B2B Market Trend

One of the latest trends in the global office stationery and supplies B2B market is the increasing demand for recyclable stationery products. Owing to growing environmental concerns, vendors operating in the global office stationery and B2B market are manufacturing stationery products from recyclable materials. The global demand for recycling is increasing because of the adverse effects of plastics and other non-recyclable materials on the environment. As a result, stationery products, which include office stationery and supplies, are widely made of recycled plastic. The awareness about using recyclable plastic products, including stationery items, among corporates, is pushing the vendors of office stationery and supplies to manufacture recyclable stationery products. 

Key Office Stationery and Supplies B2B Market Challenge

One of the major challenges faced by the global office stationery and supplies B2B market is the increasing digitization of the work environment. Digitalization has adversely impacted the demand for traditional office supplies such as paper and fax materials. Owing to advances in technology, office communication happens through digital gadgets such as computers, laptops, and other smart gadgets. The increasing use of such devices has reduced the demand for office stationery products.

Digital gadgets are more convenient, faster, and efficient in storing, editing, and transferring files and data in offices compared to the traditional way of writing and storing data on paper. Therefore, employees are increasingly using software. This software is built to help employees draft and share information, and content, host meetings, connect and chat with employees across offices, manage calendars, securely share documents and send emails, sync office files and mobile devices, and plan schedules and daily tasks with teams. 

Therefore, the increasing use of digital gadgets has enabled offices and businesses to perform office activities for writing, storing, and sharing information across the organization at a lower cost, which has replaced the office stationery and supplies during the forecast period posing a challenge to the market in focus.

Office Stationery and Supplies B2B Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the office stationery and supplies B2B market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report. 

42% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for stationery and supplies B2B in APAC. Market growth in this region will be faster than the market growth in other regions.

The expansion of corporate offices, owing to the availability of a skilled worked force, low labour cost, the presence of adequate infrastructure and natural resources, and economic and political stability will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Since March 2020, the majority of the employees have been encouraged to work from home as it reduces their miscellaneous expenses, such as saving time and money on the daily commute. This limited the employees’ access to the offices and reduced the demand for office supplies, which negatively impacted the growth of the market. Various MNC companies in India adopted work-from-home solutions till the end of 2020 to contain the spread of COVID-19 among employees. However, with the opening of offices and the adoption of hybrid culture, the market expect to recover in the forecast years.