Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Stationery Products market.
Trusted Business Insights presents an updated and comprehensive analysis of Stationery Products Market. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Stationery Products market during the forecast period (2021-2026).Our research analyst have analysed at the short-term stress in the industries subsectors as well as long-term impacts. Analyst have also examined the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Stationery Products Market
The global Stationery Products market size is projected to reach US$ 134.88 billion by 2026, from US$ 100.08 billion in 2020, at a CAGR of 5.1% during 2021-2026. Growing literacy rate across the globe and increasing number of youth inclining towards higher education are among the prominent factors for the market growth.
Furthermore, rapid increase in the number of start-ups is propelling the market growth. According to a report by NASSCOM, more than 1200 startups came into existence in 2018. Thus, increasing employment in these sectors is impacting the market growth significantly. Government initiatives have led to an increase in the number of schools and colleges in rural as well as urban areas, which is directly impacting the market growth.
The global education industry is anticipated to witness significant growth in the near future, thus fueling the market growth in the forecast period. Increasing brand awareness and disposable income among the consumers are driving the market for luxury pens, which, in turn, is providing an up thrust to the global market in the forecast period.
Globalization is also considered to be a significant factor for the stationery products market growth. It has led to the expansion of multi-national companies in various countries, which influences the market growth in that region. Government initiatives in emerging countries such as India have welcomed various international companies. For instance, Make in India policy has led the Chinese company, Huawei to invest in the Indian market, which, in turn, resulted in expansion of the company.
These factors have fueled the market growth in India, thereby impacting the overall market growth in the forecast period. However, rapid digitization is one of the restraining factors for the industry in the near future. Smart classes and green schooling have hindered the market growth. Although, the perception that the education based on notes and pen are most effective will drive the market in the near future.
Market Segmentation, Outlook & Viewpoint: Global Stationery Products Market
Product Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
- Paper Based
- Ink Based
- Art Based
Application Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
- Educational Institutes
Key Players, Recent Developments & Regional Insights: Global Stationery Products Market
On the basis of product, the market is segmented into paper based, ink based, and art based. The paper based segment accounted for a leading share of 30.4% in 2018 and is expected to witness significant growth in the near future. Even after digitization hitting the markets, papers are one of the most used stationery products, finding its application in printing. Introduction of various coaching centers has led to increase in the usage of paper in the near future. Paper is used for printing question papers and other assignment sheets in education sector. Various other usage of paper in government offices and architectures has driven the segment.
The ink based segment is expected to register a CAGR of 5.7% during the forecast period. Increasing demand for pens among the millennials due to inclination towards higher education is impelling themarket growth. Product innovation also plays an important role in fueling the market growth. For instance, introduction of RGB pens that enable the user to write in any color has impacted the market growth. In order to position as an eco-friendly product, manufacturers have come up with bamboo and wooden pens.
In 2018, Asia Pacific led the market with a share of 32.0% and is anticipated to witness significant growth in the near future. In APAC, India contributes to the majority of share and is expected to register a CAGR of 6.2% over the forecast period. High usage of different types of stationery products and increasing number of educational institutes in rural as well as urban areas are driving the regional market in the forecast period.
Middle East and Africa is anticipated to expand at the fastest CAGR of 6.1% in the forecast period. Increasing awareness regarding education in Middle East countries and encouraging females for higher education has resulted in market growth in the region. In African regions, increase in the number of schools due to government initiatives as well as donations made from across the globe have led to the market growth in the region.
Stationery Products Market Share Insights
Faber-Castlle, 3M, Staedtler, Maped, Muji, Artline, Fullmark, Reynolds Pens, Linc Pens & Plastics Ltd., and Mead are some of the leading players in the industry. The market presents moderate to low entry barriers due to presence of a large number of unorganized players in the market.
In countries such as India, a large number of economical consumer group still prefer to buy stationery items 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. Advertisement also plays an important role in creating awareness about the product as well as innovation in the product. For instance, when Reynolds came up with pens that have waterproof inks, they advertised themselves accordingly.
Key Insights Covered: Global Stationery Products Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Stationery Products industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Stationery Products industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Stationery Products industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Stationery Products industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Stationery Products industry.
Research Methodology: Global Stationery Products Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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