Stationery Market Key Facts and Forecast Predictions Presented Until 2026
The global stationery industry has felt the impact of digitalization, and many leading brands have turned to repurposing their offerings as ‘gift’ and ‘collector’s’ items. The silver lining for manufacturers remains the pervasiveness of stationery products in educational institutions and workplaces. On account of steady demand from educational institutes and workplaces, the global stationery market is likely to witness a moderate growth during the period 2017-2026.
[USPRwire, Fri Apr 26 2019] The report studies the “Stationery Market” worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2026. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report titled “Stationery Market Key Facts and Forecast Predictions Presented Until 2026”. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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Global demand for stationery products has remained subdued as laptops, desktops, and smartphones have replaced traditional stationery items, such as pens, pencils, and notebooks in various settings. The global stationery industry has felt the impact of digitalization, and many leading brands have turned to repurposing their offerings as ‘gift’ and ‘collector’s’ items. The silver lining for manufacturers remains the pervasiveness of stationery products in educational institutions and workplaces. On account of steady demand from educational institutes and workplaces, the global stationery market is likely to witness a moderate growth during the period 2017-2026.
According to Fact.MR, the global stationery market is expected to represent a value of nearly US$ 24,000 Mn by the end of 2026. Growing need for neatly filling the official documents and invoices with premium ink quality has led to surge in demand for pens globally. On the basis of product type, the pens segment is expected to generate significant revenues, accounting for a value of nearly US$ 24,000 Mn by the end of 2026. On the other hand, the coloring product type segment and the art goods product type segment is expected to register the highest CAGR during the forecast period.
By pricing range, the mid-range segment is expected to witness a significant revenue growth, accounting for a value of over US$ 4,000 Mn by the end of 2026. Moreover, the mid-range pricing range segment is expected to register a healthy CAGR throughout the forecast period.
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Growing advancements in technology has negatively impacted demand for the traditional stationery products. With the launch of various gadgets equipped with smart pens that enables the end users to make notes, demand for the traditional stationery products is projected to hit rock bottom. Demand for the smart gadgets is projected to increase as the end users can conveniently synchronize their information and save it in their smart devices. Moreover, the smart devices further allow the end users to retrieve related information when required by the end user. Customization and personalization of the stationery products will continue to remain in trend in developing regions such as North America.
Personalization and customization is further projected to witness significant demand for innovation in range of stationery products. However, the stationery market in Europe is projected to witness positive growth attributed to increasing corporate expansion and setting up of new companies. Moreover, companies based in Europe are increasingly investing on customizing and personalizing of their business stationery products such as memos and business cards. Bound to these factors, the global market of stationery is projected to witness slight increase in growth.
With the growing trend of changing lifestyle in the middle class population, e-commerce and industrialization, demand for stationery products including smart stationery products, office stationery and luxury writing instruments is projected to rev up globally. Manufacturers are mainly capitalizing on growing demand for stationery products in APEJ. Surge in the number of educational institutions is likely to rev up demand for the stationery products globally. Expansion of the e-commerce platform is further projected to fuel the sales of range of stationery products in the global market. These factors are projected to contribute towards the global market growth of stationery during the forecast period.
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