Stationery Market Is Projected To Reach USD 30 Billion By 2031

According to a latest report published by Fact.MR, the stationery market is forecast to register a sluggish outlook in the short-run, registering a CAGR of 2.2% to reach US$ 24 Bn. However, long-term forecast appears quite steady, with an expected valuation of US$ 30 Bn and a CAGR of 4% until 2031.

Historically, between 2016 and 2020, sales of stationery products reflected a CAGR of 2%, closing in at around US$ 20 Bn. Increased emphasis on digitization has expanded usage of gadgets such as smartphones, laptops and personal computers, which has significantly reduced demand for stationery products.

At the same time, heightened spending on primary, secondary and tertiary education programs across emerging economies has augmented demand for various stationery products, including pens, papers, pencils, etc. According to India Spend, in 2019-20, India spent US$ 88 billion of public funds on education. Likewise, nearly US$ 55 million were spent on public education in China.

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Stationery Market – Scope of Report:

A latest publication by Fact.MR on the global Stationery market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2017-2022.

Important indicators for the successful growth of the Stationery market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Stationery supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape:

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.

• In August 2016, stationery major Camlin signed an agreement with Kokuyo S&T Co of Japan under which the latter had acquired 50.3 % of the Indian company for an estimated value of US$ 3.6 Bn
• In January 2018, the Navneet Education Ltd signed an agreement to acquire Britannica’s Indian curriculum business for Rs 88 crore. This move will help expand Navneet’s range of curricular offerings in the Indian school market.

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Report benefits & key questions answered

• Post covid consumer spending on Stationery: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Stationery demand outlook: the market intelligence study reports highlights the factor propelling the demand for Stationery. As per the study, the demand for Stationery will grow through 2031.
• Stationery historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
• Stationery consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Stationery Market Segmentations:

• Product Type

  • Pens
  • Mechanical Pencils
  • Lead Pencils
  • Marking
  • Coloring
  • Corrections
  • Art Goods
  • Carbon Paper and Inked Ribbon
  • Paper Products

• Sales Channel

  • Stationery Sales through Exporters
  • Stationery Sales through Wholesalers
  • Stationery Sales through Other Sales Channels

• Price Range

  • Economy Range Priced Stationery
  • Mid-Range Priced Stationery
  • Premium Range Priced Stationery

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