Artificial Intelligence driven Marketing Communications
Booming Industrialization to Elevate Scope for Office Stationary Market
Stationary generally refers to commercially manufactured writing materials, which includes envelopes, cut paper, continuous stationary, writing implements, and other supplies. Stationary consists of paper products, writing instruments, office stationary, and others.
Surging product innovation in terms of technology integration is considered as one of the chied factors fueling the market growth globally. Market players across the globe are integrating latest technological features to their existing supply products and office stationary, owing to the booming scope of business opportunities. These factors are likely to encourage the market growth in the predicted timeframe. Moreover, international and domestic players are innovating latest products in terms of shape, size, packaging, and form, which is likely to trigger the demand from the office stationary market.
Soaring digitization in the workplace has further elevated the demand for office supplies like printers and computers, thereby pushing the demand for computer and printer-related and printer cartridges stationary. Also, the increasing demand for printer and computer supplies from offices across the world is considered to be one the major trends likely to gain traction in the market.
However, rapid digitization is considered one of the major concerns likely to dampen the market growth in the foreseeable future. Introduction of smart classes and green schooling has also posed a threat on the market growth across the globe. Despite such restraints, the perception that education based on pen and notes are most effective, will propel the office stationary market outlook globally.
The major manufacturers covered in this report
Cello Corporate (BIC)
Shenzhen Comix Group
Shanghai M&G Stationery
Wenzhou Aihao Pen
The global office stationary market has been segmented on the basis of type and application.
By type, the office stationary market is segmented into desk supplies, paper products, computer/printer supplies, stationery supplies, binding supplies, and others. Of these, computer/printer supplies are likely to gain prominence due to the booming industrialization globally.
By application, office stationary the market comprises hospitals, enterprise, schools, government, and others. Of these, the enterprise segment acquired the major chunk, mainly due to the booming industrialization across the globe. Schools are likely to play a significant role in the stationary market due to the increasing number of schools and colleges.
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Geographically, the office stationary market spans across Europe, North America, Japan, China, Southeast Asia, and India..
Considering the global scenario, the Asia Pacific is likely to command the largest share in the global market. In this region, India is likely to contribute the majority of share, mainly due to the extensive utilization of different types of stationary products in offices. Moreover, rapid industrialization in this region has contributed to the regional market’s growth. North America will witness a significant growth, mainly due to rapid industrialization, which has led to an increased number of offices in the region.
October 2019: Government e-Marketplace has recently announced that it has signed a pact with UBI, stating that the bank will offer services including transfer of funds. The commerce ministry has also launched the procurement portal GeM to elevate transparency in services and goods.
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