The global stationery products market size was valued at USD 145.02 billion in 2022. The industry is expected to expand from USD 151.46 billion in 2023 to USD 213.11 billion by 2030, exhibiting a CAGR of 5.00% over the study period.
Stationery products or items refer to the utility items for daily usage at offices, schools, or homes. The growing number of educational centers and offices across the globe bolsters the demand for the product at a macro level, impelling the market growth.
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Segmentation:
Paper Products Segment Dominate Due to Surging Demand for Paper Products
In terms of type, the market is classified into writing instruments, paper products, art & craft, and others. The paper products segment accounts for the largest stationery products market share due to growing demand for paper items across residential applications, schools, offices, and other educational institutes.
Notable Growth in the Number of Households Boosted the Residential Segment Growth
With respect to application, the market is bifurcated into commercial and residential. The residential segment held the largest market share in 2022 due to substantial growth in the number of households across the globe.
Tactile Experience Offered by Offline Shopping to Drive the Segment Growth
On the basis of distribution channel, the market is categorized into online and offline. The offline segment registers the leading market share owing to the tactile experience provided by offline shopping makes it traditional, augmenting the segment growth.
From the regional perspective, the market is classified into South America, the Asia Pacific, Europe, the Middle East & Africa, and North America.
Report Coverage
The market research report encompasses different factors affecting the growth of the market. In addition, it provides detailed insights into the COVID-19 impact, the latest trends, and the competitive landscape. The report further examines the strategic initiatives deployed by top companies to boost their share.
Drivers and Restraints:
Surging Preference for Eco-Friendly Stationery Products to Escalate the Market Growth
One of the major factors propelling the stationery products market growth is a rise in the preference for eco-friendly items. The market growth rate is being increased by the growing uptake of paper-based products made of sustainable options such as sugarcane and bamboo for daily use.
Despite such growth opportunities, the quick digitalization in colleges and schools may impede the market growth.
Regional Insights:
Asia Pacific to Register Largest Share Due to Growing Number of Educational Institutes
The Asia Pacific market for stationery products is poised to secure the largest share during the forecast period. The rising number of educational institutes in India, Japan, and China is augmenting the regional growth.