Press release
Office Supplies (Except Paper) Market Size, Current Trends And Forecast To 2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Office Supplies (Except Paper) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $89.16 billion In 2028 At A CAGR Of 5.1% :
The office supplies (except paper) market size has grown strongly in recent years. It will grow from $69.02 billion in 2023 to $73.03 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to corporate expansion, workplace trends, economic stability, regulatory compliance, globalization of businesses.
The office supplies (except paper) market size is expected to see strongly grown in the next few years. It will grow to $89.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to remote and hybrid work models, focus on employee well-being, sustainable practices, flexible office spaces, e-commerce growth. Major trends in the forecast period include technology integration, technological advancements, innovations in materials and design, integration of smart technologies, customization and personalization.
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Office Supplies (Except Paper) Market Major Segments
The office supplies (except paper) market covered in this report is segmented -
1) By Type: Business Forms, Stationery, Storage Containers, and Other Types
2) By Product Type: Desk, Filling, Binding, Computer or Printer, Other Product Types
3) By Application: Enterprises, Household, Educational Institutions, Other Applications
Key Driver - Rise In Disposable Income Fueling Growth In The Office Supplies Market
The growth in the office supplies (except paper) market is due to emerging market growth, a rise in disposable income, and technology development. The rise in disposable income is expected to propel the growth of the office supplies market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Because of the increase in disposable income, people choose to buy different types of office supplies which are used for writing and reading purposes. For instance, in 2023, according to an article published by the Office of National Statistics, UK-based executive office of the Statistics Authority published an article that said, median household disposable income increased by an average 0.7% per year between the year 2020 and 2022. Therefore, an increase in disposable income is driving the growth of the office supplies (except paper) market.
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Prominent Trend - Innovative Technology Shaping The Future Of The Office Supplies Market
Technological advancement has emerged as a key trend gaining popularity in the office supplies market. Major companies operating in the office supplies market are focused on innovating new technologies to sustain their position in the market. For instance, in May 2022, The NPD Group, a US-based market research company, launch of its office supplies retail tracking service in Canada. The service will include point-of-sale statistics, including details on market size, market share, and consumption. Additionally, clients will have access to extensive market views, including the Top-Selling Items and Average Selling Prices to Align with Consumer Spend.
Office Supplies (Except Paper) Market Players
Major companies operating in the office supplies (except paper) market report are ACCO Brands Corporation, Adelaide Hills Stationery Pty Ltd, Bulk Office Supply LLC, Euroffice Ltd., The Office Depot Inc., Newell Brands Inc., Stanley Black & Decker Inc., Société BIC S.A., Crayola LLC, Pilot Corporation, Pentel Co. Ltd., Faber-Castell AG, Avery Dennison Corporation, Zebra Technologies Corporation, Tombow Co. Ltd., Staedtler Mars GmbH & Co. KG, Dixon Ticonderoga Company, Pelikan Holding AG, Shachihata Inc., The Pilot Corporation of America, KOKUYO Co. Ltd., Marvy Uchida Co. Ltd., Crayon Shinchan Corporation, Kokuyo Camlin Ltd., Koh-I-Noor Hardtmuth a.s., Musgrave Pencil Company Inc., A. T. Cross Company LLC, Mitsubishi Pencil Co. Ltd., Shenzhen Comix Group Co. Ltd., 3M Company, M&G Group, Maped SAS
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the office supplies (except paper) market in 2023.The regions covered in the office supplies (except paper) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Office Supplies (Except Paper) Market Report Structure
3. Office Supplies (Except Paper) Market Trends And Strategies
4. Office Supplies (Except Paper) Market - Macro Economic Scenario
5. Office Supplies (Except Paper) Market Size And Growth
…..
27. Office Supplies (Except Paper) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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