Back to school Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Back to school Market
The global back-to-school market size was valued at USD 66.1 Billion in 2020 and is projected to reach USD 131.1 Billion by 2030, registering a CAGR of 4.8% from 2021 to 2030. The stationary segment dominated in terms of market share in 2020 and is expected to retain its dominance throughout the forecast period.

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Trends Influencing the Global Back to School Market
The opening months of the COVID-19 pandemic saw a small decline in the purchase of school supplies. As the world returns to normal and schools once more go from an online to an offline mode, the market is anticipated to grow steadily and healthily over the course of the forecast period. Developments in the brick-and-mortar retail sectors also contribute to market growth. Shopping centers, department stores, and specialized stores are extending to new areas as a result of the fast industrialization and urbanization, assisting in the market expansion. The increased usage of electronic items as a substitute for writing and reading materials including notebooks, pens, and pencils is limiting the growth of the global market.
It is anticipated that the need for various stationery items would decline as smart classroom and green school initiatives that promote global sustainability, recycling, and waste reduction become more prevalent. E-commerce or online channels are anticipated to present the market's players with several growth chances. The back-to-school industry is expected to benefit from the online distribution channel given the trend of growing dependence on online transactions and digital technologies due to the comfort and ease of operation. In the e-commerce industry, important players are entering and growing their presence.
The LAMEA and Asia-Pacific areas contain a number of emerging nations. The youth of these nations must be educated to participate in the development if progress is to be made. In order to raise the literacy rate, the governments of several nations in the region are placing a strong emphasis on elementary education and educational initiatives. However, a large majority of the population in the area still resides in rural areas where there are no schools or other educational facilities.
Governments are investing major funds and resources in the construction of educational infrastructure in these areas with an emphasis on education and skill development in order to address this problem. Additionally, a lot of NGOs support these government initiatives by giving kids school supplies so they can learn. It is projected that the government's and non-governmental organizations' efforts to advance education in the area will increase demand for back-to-school supplies, fueling the market's expansion.
Back to school Market Share
Based on region, Asia Pacific is expected to be the most lucrative region. The region's high market share was influenced by a strong presence of significant players/manufacturers in the area and a strong distribution network. Due to the rising population in nations like China and India, there is also a greater need for stationery and school supplies in the regional market.
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Back to school Market Segments
Back to school Market by Product Type
• Backpack
• Electronics
• Stationery
• Clothing
• Shoes
• Others
Back to school Market by Distribution Channel
• Hypermarket/Supermarket
• E-commerce
• Dollar Stores
• Specialty Stores
• Others

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This release was published on openPR.