Stationery Products: Challenges and Opportunities Ahead by NickyArora · December 4 Authentic Jeff Bagwell Jersey , 2019
According to a study conducted by Grand View Research, Inc., the global Stationery Products Market size was valued at USD 90.6 billion in 2018 and is expected to expand at a CAGR of 5.1% over the forecast period (2019 – 2025). Rising inclination of youth toward higher education and growing literacy rate in all the countries across the globe are the prominent factors for the stationery products market growth.
Along with that, rapid increase in the number of start-ups is another factor propelling the growth of the market. According to a report by NASSCOM Gerrit Cole Jersey , more than 1200 startups were launched in 2018. This has led to increasing employment in these sectors, which is positively influencing the market growth. In rural as well as urban areas, government initiatives have led to an increase in the number of schools and colleges, which is directly impacting the market growth.
In 2018 Jose Altuve Jersey , educational institute accounted for the largest share of the stationery products market in terms of revenue owing to increasing number of schools and colleges in rural areas. The corporate sector is also expected to witness significant growth over the forecast period. High usage of items such as paper, staplers, and adhesives in the government sector as well in the private corporate sector is driving the stationery products market.
In APAC, India contributes to the majority of share and is expected to witness considerable growth in the forecast period. In 2018 Michael Brantley Jersey , Asia Pacific led the market with a significant share and is anticipated to witness significant growth in the near future. Increasing number of educational institutes in urban and rural areas along with high usage of different types of stationery products are expected to drive the growth of regional market in the forecast period.
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Africa and Middle-East are also expected to witness high growth over the forecast period. The region encouraging females for higher education and increasing awareness regarding education in Middle East countries are resulting in the market growth in the region. Africa has witnessed an increase in the number of schools on account of government initiatives and donations, which has led to the growth of stationery products market in the region.
In countries such as India, stationery items are sold from local vendors of unorganized companies rather than global market leaders. These are the challenges that the market poses for the players and it differs from country to country. Due to the presence of a large number of unorganized players, the market presents moderate to low entry barriers.
Some of the leading players in the stationery products market are 3M; Faber-Castlle; Staedtler; Muji; Maped; Artline; Reynolds Pens; Fullmark; Linc Pens & Plastics Ltd.; and Mead.
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company Alex Bregman Jersey , registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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