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Office Supplies Market to Witness an Outstanding Growth During 2018-2024

10-17-2019 02:55 PM CET | Industry, Real Estate & Construction

Press release from: KD Market Insights

Office Supplies Market to Witness an Outstanding Growth During

Global the office supplies market accounted for USD 235.3 Billion in 2018 and is estimated to reach USD 273.9 Billion in 2024, registering a compound annual growth rate (CAGR) of 2.7% between 2019 and 2024. In addition, the market of global office supplies will be receiving an opportunity of USD 38.6 Billion between 2018 & 2024.

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In an era of online purchasing, the office supplies market is increasingly putting its product offerings on the online platform with the help of e-retailers. The office supplies sector is pursuing benefits from the growing e-commerce marketplace. The manufacturers and retailers are increasing their standards by selling their products using the online sales channel. Apart from this, the manufacturers and retailers are raising the bar for their other digital capabilities. They are focusing on various online media formats, which includes mobile-based applications and social networking sites, in order to expand their digital presence, which is enabling these manufacturers and retailers to endorse and sell their products to a larger number of customers.

Increasing Numbers of Start-ups
The increasing number of start-ups in the field of office supplies is opening a gateway opportunity for the market to grow in the upcoming years. In addition to this, China, India, United States, Germany, Australia, and other countries are most attractive countries in the field of office supplies which is indulging many start-up companies to enter into the office supplies market. Further, this factor is likely to impact the growth of the office supplies market over the forecasted period.

Rising Sales of Computer & Printer Segment
The computer & printer supplies segment is likely to continue with its exponential growth in the upcoming years. Due to industrial automation and IT integration, the demand for paper-based products is on the decline in developed markets, which is providing an immense growth opportunity for the computer & printer supplies manufacturers over the upcoming years. Apart from this, the users are switching from tri-color cartridges to ink-cartridges for a higher quality printing, which has resulted in increasing adoption of printing supplies. Further, this factor is anticipated to positively impacting the growth of the printing supplies segment over the upcoming years.

Increasing Number of Corporate Offices
The rise in the number of corporate offices across the globe, the market of office supplies is growing at a remarkable pace over the forecast period. Further, with the rise in the number of offices worldwide and high spending on office supplies are some of the major factors which are foreseen to drive the demand for office supplies over the upcoming years.

Barriers in Market
The increasing demand for smarter mobile devices has caused a reduction in demand for paper. Technologies like cloud services help buyers to store documents virtually, which helps in making purchases of photocopiers and faxes less necessary. Further, factors which include a growing trend towards green initiatives that discourage the use of paper, and the increase in the virtual offices are also decreasing the demand for traditional supplies from corporates.

The sales of offline stores are declining at a steady rate. The leading companies in the office supplies market are now focusing on the online sales channels this reason is hampering the growth of the office supplies market. For instance, Staples Inc. & Office Depot Inc. has witnessed a decline in sales from its retail stores in recent years. Since offline stores are the source of a major share of the company’s revenue, this decline in sales can hamper the business growth of the companies in the future.

The increasing competition in the marketplace is a significant challenge for companies in the office supplies market. The rise in prevalence of online retailers, supercenters, and discount stores is pretending a notable threat to the office supplies providers, as these market players are in better positions to offer competitive prices and one-stop-shop solutions to customers due to their merchandising and distribution models. Further, these factors regarding the price reduction have the potential to negatively impact the demand for the office supplies market over the upcoming years.

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Table of Contents:

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Market
3. Global Office Supplies Market Trends
4. Opportunities in Global Office Supplies Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Office Supplies Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)

9. Global Market Segmentation Analysis, By Product
9.1. Introduction
9.2. Market Attractiveness, By Product
9.3. BPS Analysis, By Product
9.4. Writing Supplies
9.4.1. Pens Market Size & Forecast (USD Million), 2017-2023
9.4.2. Highlighters Market Size & Forecast (USD Million), 2017-2023
9.4.3. Markers Market Size & Forecast (USD Million), 2017-2023
9.4.4. Pencils Market Size & Forecast (USD Million), 2017-2023
9.4.5. Erasers Market Size & Forecast (USD Million), 2017-2023
9.4.6. Others Market Size & Forecast (USD Million), 2017-2023
9.5. Calendars
9.5.1. Desk Calendar Market Size & Forecast (USD Million), 2017-2023
9.5.2. Wall Calendar Market Size & Forecast (USD Million), 2017-2023
9.5.3. Others Market Size & Forecast (USD Million), 2017-2023
9.6. Planners
9.6.1. Daily Planner Market Size & Forecast (USD Million), 2017-2023
9.6.2. Monthly Planner Market Size & Forecast (USD Million), 2017-2023
9.6.3. Others Market Size & Forecast (USD Million), 2017-2023
9.7. Organizers Market Size & Forecast (USD Million), 2017-2023
9.8. Clips & Fasteners Market Size & Forecast (USD Million), 2017-2023
9.9. Staplers & Punches Market Size & Forecast (USD Million), 2017-2023
9.10. Sticky Notes Market Size & Forecast (USD Million), 2017-2023
9.11. Memo Pad Market Size & Forecast (USD Million), 2017-2023
9.12. Tape & Adhesives Market Size & Forecast (USD Million), 2017-2023
9.13. Computer & Printer Supplies Market Size & Forecast (USD Million), 2017-2023
9.14. Others Market Size & Forecast (USD Million), 2017-2023

10. Global Market Segmentation Analysis, By Distribution Channel
10.1. Introduction
10.2. Market Attractiveness, By Distribution Channel
10.3. BPS Analysis, By Distribution Channel
10.4. Online Store Market Size & Forecast (USD Million), 2017-2023
10.5. Supermarket & Hypermarket Market Size & Forecast (USD Million), 2017-2023
10.6. Stationery Stores Market Size & Forecast (USD Million), 2017-2023
10.7. Others Market Size & Forecast (USD Million), 2017-2023

11. Geographical Analysis
11.1. Introduction
11.2. North America Market Size (USD Million), 2017-2023
11.2.1. By Product
11.2.1.1. Introduction
11.2.1.2. Market Attractiveness, By Product
11.2.1.3. BPS Analysis, By Product
11.2.1.4. Writing Supplies Market Size & Forecast (USD Million), 2017-2023
11.2.1.4.1. Pens Market Size & Forecast (USD Million), 2017-2023
11.2.1.4.2. Highlighters Market Size & Forecast (USD Million), 2017-2023
11.2.1.4.3. Markers Market Size & Forecast (USD Million), 2017-2023
11.2.1.4.4. Pencils Market Size & Forecast (USD Million), 2017-2023
11.2.1.4.5. Erasers Market Size & Forecast (USD Million), 2017-2023
11.2.1.4.6. Others Market Size & Forecast (USD Million), 2017-2023
11.2.1.5. Calendars Market Size & Forecast (USD Million), 2017-2023
11.2.1.5.1. Desk Calendar Market Size & Forecast (USD Million), 2017-2023
11.2.1.5.2. Wall Calendar Market Size & Forecast (USD Million), 2017-2023
11.2.1.5.3. Others Market Size & Forecast (USD Million), 2017-2023
11.2.1.6. Planners Market Size & Forecast (USD Million), 2017-2023
11.2.1.6.1. Daily Planner Market Size & Forecast (USD Million), 2017-2023
11.2.1.6.2. Monthly Planner Market Size & Forecast (USD Million), 2017-2023
11.2.1.6.3. Others Market Size & Forecast (USD Million), 2017-2023
11.2.1.7. Organizers Market Size & Forecast (USD Million), 2017-2023
11.2.1.8. Clips & Fasteners Market Size & Forecast (USD Million), 2017-2023
11.2.1.9. Staplers & Punches Market Size & Forecast (USD Million), 2017-2023
11.2.1.10. Sticky Notes Market Size & Forecast (USD Million), 2017-2023
11.2.1.11. Memo Pad Market Size & Forecast (USD Million), 2017-2023
11.2.1.12. Tape & Adhesives Market Size & Forecast (USD Million), 2017-2023
11.2.1.13. Computer & Printer Supplies Market Size & Forecast (USD Million), 2017-2023
11.2.1.14. Others Market Size & Forecast (USD Million), 2017-2023
11.2.2. By Distribution Channel
11.2.2.1. Introduction
11.2.2.2. Market Attractiveness, By Distribution Channel
11.2.2.3. BPS Analysis, By Distribution Channel
11.2.2.4. Online Store Market Size & Forecast (USD Million), 2017-2023
11.2.2.5. Supermarket & Hypermarket Market Size & Forecast (USD Million), 2017-2023
11.2.2.6. Stationery Stores Market Size & Forecast (USD Million), 2017-2023
11.2.2.7. Others Market Size & Forecast (USD Million), 2017-2023
11.2.3. By Country
11.2.3.1. Market Attractiveness, By End-user
11.2.3.2. BPS Analysis, By End-User
11.2.3.3. U.S. Market Size (USD Million), 2017-2023
11.2.3.4. Canada Market Size (USD Million), 2017-2023
Continue….

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KD Market Insights
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New York, USA 12207
+1 (518) 300-1215
Email: sales@kdmarketinsights.com
Website: www.kdmarketinsights.com
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About Us:

KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market.

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