What is the Market Size of the Stationery Products Market?
27-Nov-2019: The global stationery
products market size is expected to reach USD 128.5
billion by 2025, expanding at a CAGR of 5.1% in the forecast period, according
to a new report by Grand View Research, Inc. Rapid rise in the number of
educational institutions and inclination of the young population towards higher
education across the globe are the prominent factors for the market growth.
The paper based
segment held the largest share of 30.4% in 2018. Despite digitization hitting
the industries, the usage of paper for printing remains the same. Growth in the
number of coaching institutions in countries such as India is also likely to
driving the segment in the forecast period. The ink based segment is expected
to expand at the fastest CAGR of 5.7% over the forecast period. Growing trend
of luxury pens as a status symbol is driving the market. Furthermore, product
innovation is found to be the prominent factor for the market growth. For
instance, introduction of waterproof ink pens and RGB pens has fuelled the
market growth.
Educational
institute is the largest application segment and it accounted for 45.3% share
of the total revenue in 2018. Rapid rise in the number of schools and colleges
in rural areas has driven the segment. The corporate sector is anticipated to expand
at a CAGR of 5.3% 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 market.
Asia Pacific is the
largest regional stationery products market and the region accounted for 32.0%
share of the overall revenue in 2018. India is one of the leading markets,
expanding at a CAGR of 6.2% in the forecast period. Growing usage of the
product in the rural areas due to replacement of traditional methods with the
new stationery items is propelling the market growth in the region.
In
depth research report on Stationery Products Market
Further key findings from the study suggest:
·
The paper based segment led the stationery products market
and held a share of 30.4% in 2018
·
Countries such as South Africa and Saudi Arabia are projected
to witness significant growth due to growing trend of education, which has led
to an increase in the number of educational institutes
·
By application, educational institutes are expected to
witness the fastest growth in the forecast period.
Grand View Research
has segmented the global stationery products market on the basis of product,
application, and region:
Stationery Products Outlook (Revenue, USD Billion, 2015 -
2025)
·
Paper Based
·
Ink Based
·
Art Based
·
Others
Stationery Products Application Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Educational Institutes
·
Corporates
·
Others
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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