The global office supplies market size stood at USD 168.74 billion in 2023. The market revenue is anticipated to rise from USD 177.53 billion in 2024 to USD 198.98 billion by 2032, registering a CAGR of 1.44% from 2024 to 2032. Increasing usage of computers, printers, and other administration-purpose staples for written communication, bookkeeping, and data storage activities from several businesses is driving market growth. Fortune Business Insights™ shares this information in its report titled “Office Supplies Market, 2024-2032.”
List of Key Players Profiled in the Market Report
- The OPD Corporation (U.S.)
- Staples Inc. (U.S.)
- ACCO Brands Corporation (U.S.)
- Shoplet (U.S.)
- SASCO Brands (Egypt)
- The 3M Company (U.S.)
- UCHIDA YOKO GLOBAL CO. LTD. (Japan)
- Canon Inc. (Japan)
- Wesfarmers Limited (Australia)
- Tesco PLC (U.K.)
Information Source: https://www.fortunebusinessinsights.com/office-supplies-market-106626
Segmentation
Growing Demand for Organizational and Writing Stationery is Boosting the Others Segment Expansion
By product type, the market is divided into desk, filing, binding, computer/printer, and others. The others segment involves different products, including writing stationeries, calendars, planners, organizers, clips & fasteners, and tapes & adhesives.
The others segment leads the global market. The increasing need for organizational and writing stationery and calendars, such as pens, pencils, papers, and others among consumers for official work, is driving the segment growth.
Increasing Stationery Demand in Schools and Colleges is Fostering the Educational Institutions Segment Expansion
In terms of application, the market is segmented into enterprises, household, educational institutions, and others.
The educational institutions segment commands the global office supplies market share. Rising demand for a wide range of stationery, including pens, pencils, and others from schools & colleges for administrative and teaching needs is driving segment growth. Moreover, infrastructure developments in schools & colleges are stimulating the segment revenue.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increase in Government Support for the Development of Commercial and Infrastructural Settings to Fuel Market Growth
Increasing adoption of computers, desks, and other products by working professionals to do their official tasks is driving the market growth. Office supplies are widely used in commercial spaces, such as corporate offices, educational firms, banks, and others. As a result, increasing commercial and infrastructural settings are expected to boost the market growth in the coming years. An increase in government support for the development of commercial and infrastructural settings is boosting the demand for office supplies.
Nevertheless, the market expansion is restrained by the high cost of raw material supplies.
Regional Insights
Growing Consumption of Official-purpose Equipment Boosted Market Growth in Asia Pacific
The market size in Asia Pacific stood at USD 77.78 billion in 2022. The populations of China, Japan, and India are increasingly consuming various types of official-purpose equipment for their everyday tasks, propelling market growth in the region.
North America accounts for a prominent market share. An increase in consumers’ spending on educational staples in the U.S. is driving market growth in the region. The rate of product consumption within business environments in Canada and Mexico is being supported by a rise in governmental support for small business organizations by providing relief.
Competitive Landscape
Top Market Participants Introduce Advanced Office Supplies to Boost their Revenues
Currently, top producers of staples are constantly working on introducing superior and advanced office supplies online to enhance their online sales of such products.
Key Industry Development
- February 2023: Nauticon Office Solutions, an institution-use equipment supplier acquired Digital Office Products (DOP)’s to build its business solutions portfolio.
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