According to a report, “Stationery Products Market Size, Share & Trends Analysis Report By Product (Paper Based, Ink Based), By Application (Educational Institutes, Corporates), By Region, And Segment Forecasts, 2019– 2025”, published by Grand View Research, Inc. The global stationery products market size is expected to reach USD 1 128.5 billion by 2025, registering a CAGR of 5.1%, as per a new report by Grand View Research Inc. Growth in the global literacy rates across the globe and an increasing inclining towards higher education are the prominent factors for market growth.
The rapid rise in the number of start-ups is fueling the market growth. As per a recent report published by NASSCOM, more than 1200 startups were established in 2018. This has resulted in increased employment in numerous industrial sectors and is positively affecting the overall market progression. Also, government initiatives have surged the number of schools and colleges in both urban and rural areas, which is driving the growth.
The paper based segment dominated the market, accounting a share of 30.4% in 2018. Despite digitization revolutionizing the industries, paper usage for printing remains the same. Rise in the number of academic institutions in emerging countries such as India is also likely to driving the segment over the forecast period. The ink based segment is anticipated to expand at the fastest CAGR of 5.7% during the forecast period. The trend of purchasing luxury pens as a status symbol is driving the market.
Stationery Products Market Highlights
Sun-Star Stationery Co. Ltd in January 2021 launched its Slidable Pouch DELDE in the U.S. The unique product has the flexibility of transforming itself from a multipurpose slidable pen pouch to a cosmetic or gadget pouch
In January 2021, new LEGO Stationery products was launched at the official online LEGO store to offer its users innovative ways to decorate their desks
Latham & Watkins LLP has advised the pan-European private equity firm’s EMZ Partners on a significant shareholding in celebrate company, which is the leading European online supplier of personalized stationery and photo products. As of February 2021, transaction is yet to receive regulatory approval
The paper based was the leading segment within the stationery products market and held a share of 30.4% in 2018
Countries including Saudi Arabia and South Africa are projected to witness a staggering growth due to the rising inclination toward education, which has led to a boom in the number of educational institutes
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Stationery Products Market Segmentation
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
Stationery Products Regional Outlook (Revenue, USD Billion, 2015 – 2025)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
China
India
MEA
South Africa
CSA
Brazil
List of Players in Stationery Products Market
Faber-Castlle
3M
Staedtler
Maped
Muji
Artline
Fullmark
Reynolds Pens
Linc Pens & Plastics Ltd.
Mead
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