Office Stationery Supplies Market

Office Stationery Supplies Market Size (2023 to 2028)

The global office stationery supplies market is estimated to grow at a CAGR of 6% from 2023 to 2028 and the market size is expected to be worth USD 106.67 billion by 2028 from USD 79.71 billion in 2023.

Office stationery supplies are the goods or things used in workplaces to carry out regular tasks or duties. An office stationery supply is anything that is utilized in the workplace to perform a job or piece of labor. Office stationery supplies often comprise consumable products, everyday use items, tiny, disposable devices, expensive equipment like computers, and office furnishings. Office supplies may be largely divided into three categories: adhesive, consumables, and durables. Products that individuals use to complete tasks are known as consumables. They cannot be recycled and are used up very quickly. Paper, pencils, pens, ink, refills, clips, and so forth are included. Durable products maintain their size and form, are reusable and may be used for a longer time. Staplers, punching devices, paperweights, etc., are examples of this. Materials that can be used to glue or paste something are called adhesives. Typically, they are chemicals or include chemicals. Tapes and fixers are a few examples. People's performance can be improved by using office supplies. The adoption of such goods makes office workers' jobs easier. Thus, it contributes to an increase in their productivity. By using these materials, we may save a significant amount of money and time that can be put to better use elsewhere. The productivity of the entire firm might rise because of this. These goods can also improve organizational effectiveness.

Office Stationery Supplies Market Drivers:

The market for office supplies is influenced by several variables, including the rising popularity of online shopping. As a result, the office supplies industry is working hard to capitalize on the expanding e-commerce industry. By utilizing the Internet sales sector, manufacturers and merchants are growing their market. Another factor driving the growth of the office stationery supplies market is the rising use of flexible working space systems due to lower operational expenses and a more flexible work environment. The expansion of the office stationery supplies market is being driven by an increase in the number of corporate offices throughout the world, particularly in emerging nations. A rise in corporate workspaces has caused the market for office stationery products to expand at an astounding rate over the past several years.

The growing number of businesses throughout the world and high expenditure on office supplies are key factors that are expected to fuel interest in office supplies in the years to come. Since there are more companies now than ever before, the market for office supplies has grown. This period has a startup culture. Paper consumption has decreased because of rising smartphone interest. Innovations like cloud services enable customers to effectively preserve their archives, reducing the need for photocopies and faxes. Additionally, the government's green effort discourages the use of paper and promotes the use of virtual workplaces. The market growth is impacted by this. Employees who work from home are moving their workplaces closer to their residences. Therefore, the market for office stationery supplies will benefit from the rising demand for working from home.

Office Stationery Supplies Market Restraints:

Due to a reduction in demand for office supplies such as desk accessories, file accessories, binding accessories, and paper goods, the market for office stationery has experienced a dramatic downturn. Supplies like notepads, pencils, whiteboards, and markers that were once utilized in actual office meetings or conference rooms have decreased as team meetings are now conducted online through videoconferencing.

REPORT COVERAGE:

This research report on the global office stationery supplies market has been segmented and sub-segmented into the following categories.

Office Stationery Supplies Market - By Product:

• Desk Supplies
• Filing Supplies
• Binding Supplies
• Paper Products
• Others

Due to desktop computers, industrial automation, and IT integration, the desk supplies category was estimated to hold the greatest share in the office stationery supplies market. Office supplies include items like forms, LED bulbs, paper, pencils and pens, toner cartridges, and other items that are frequently used in offices by companies and other organizations, as well as by people who maintain records or manage books.

Office Stationery Supplies Market - By Application:

• Office Buildings
• Schools
• Hospitals

Stationery Supplies for Office buildings are in decline due to an increase in computer-based work and integrated IT technology, as well as strict lockdowns brought on by the COVID-19 pandemic. In India, for example, all non-essential businesses and shops were shut down, which abruptly stopped all sales. As of right present, the healthcare sector is thought to be expanding.

Office Stationery Supplies Market – By Region:

• North America 
• Europe
• Asia Pacific 
• Latin America
• The Middle East and Africa 

Asia Pacific region holds the largest amount of share in the Global Office Stationery Supplies Market, Due to the region's attractiveness to investors in many industries, which has resulted in expanding corporate offices and a rise in the need for office supplies, Asia Pacific is credited with owning the highest proportion of the market. Countries like India, China, Japan, Malaysia, and many other APAC (Asia Pacific) region countries are helping in the growth and development of the Global Office Stationery Supplies Market.

KEY MARKET PLAYERS:

3M, BIC, HAMELIN, ICO, LYRECO, WHSmith, Mitsubishi, Aurora and Newell are some of the major companies in the global office stationery supplies market.

RECENT HAPPENINGS IN THE MARKET:

• In January 2022: BIC declares that it has entered into an agreement to purchase all of the outstanding shares of Inkbox, a renowned direct-to-consumer provider of semi-permanent tattoos with its corporate headquarters in Toronto, Canada. A 65 million USD (57 million euros) upfront payment plus a deferred contribution based on Inkbox's future sales and profitability development is how the deal is set up.
• In October 2019: With an agreement to purchase Marshall Retail Group, UK retailer WH Smith hopes to more than treble its international travel business and boost its position in the $3 billion US airport market. The UK retailer, a mainstay of the UK high street known for its stationery and book selection, announced that it has agreed to pay $400 million to acquire the Las Vegas-based business in order to accelerate the growth of its travel division and avoid the worst effects of the UK slowdown in city and town centers.