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The consumer stationery retailing Market is poised to grow by USD USD 9.80 billion accelerating at a CAGR of 3.35% between 2022 and 2027. Additionally, the market is fragmented in nature and shows a YOY growth of 2.56%. The report covers diverse dimensions such as the market size of forecast and historic data, influential drivers, analysis of prominent vendors, and evolving trends, presenting a comprehensive outlook on the global market scenario.
The growing emphasis on omnichannel retail is a key factor driving the market growth. The comprehensive report of consumer stationery retailing Market offers crucial insights of the industry's changing dynamics, helping businesses to identify growth opportunities in the constantly evolving digital retail landscape.
The market is Segmented as
1. Product- The product segment is classified into paper-based stationery, writing equipment, and marking and correction equipment.
2. Distribution channel- The distribution channel is classified into offline and online.
Consumer Stationery Retailing market size, Request for Free Report Sample
One of the key factors driving the global consumer stationery retailing market growth is the growing emphasis on omnichannel retail.
There is a significant increase in the adoption of omnichannel retail strategies for the distribution of consumer stationery products, especially in retailers such as Staples and office depot. These retailers offer a wide variety of stationery products through brick-and-mortar stores via both traditional retail outlets and online retail platforms.
Due to the growing penetration of Internet-enabled mobile devices in countries such as the US, China, and India, there is a steady shift toward online retail platforms as the preferred purchase channel for consumer stationery supplies in these countries. The key reasons for the growing popularity of online retail for consumer stationery products include factors such as shopping convenience and easy product comparison. Thus, the above factors are expected to drive the global consumer stationery retailing market growth during the forecasting period.
A key factor shaping the global consumer stationery retailing market growth is the rising popularity of fashion stationery.
Due to the advancement in printing technology, several manufacturers are increasingly focusing on product design and aesthetic appeal, along with functionality. As a result, there has been an increase in the popularity of fashion-based consumer stationery products over the last two years.
For instance, Pilot Corporation manufactures its G2 range of premium gel roller pens in different colors and designs as a part of its fashion collection. Thus there is an increase in demand for consumer stationery retailing among consumers, which is expected to drive the growth of the global consumer stationery retailing market during the forecast period.
The market share growth by the paper-based stationery segment will be significant during the forecast period. Even though paper-based stationery has a dominant market share under the product segment, factors such as the growing adoption of digital educational tools such as Internet-enabled smartphones and tablets, the increase in replacement of conventional stationery products such as notebooks, registers, and diaries with digital devices can significantly hinder the paper-based stationery during the forecast period.
The paper-based stationery segment was valued at USD 29.95 billion in 2017 and continued to grow until 2021. The use of traditional stationery items and the use of mobile devices for maintaining journals and diaries do not incur frequent replacement expenses. It can pose a significant challenge to the market growth of this segment. However, countries such as India, Brazil, and the UK continue to remain key markets for paper products. Although factors such as rising procurement costs for the manufacturing of paper products are increasingly placing downward pressure on the retail pricing of paper-based stationery and governments regulating the sourcing and procurement of paper-based raw materials can negatively impact the market growth, the increasing use of recycled paper to produce paper-based stationery and product differentiation strategies adopted by manufacturers and retailers, such as interactive notebooks and fashion-based stationery is expected to significantly drive the paper-based stationery during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Due to the growing demand for stationery products in the education sector, there is a rapid improvement in academic infrastructure which has been the key driver for market growth in APAC over the last few years. Even though there is considerable development in digital education and the adoption of digital tools for individual use and learning applications in APAC, traditional stationery products such as writing pens, pencils, and notebooks continue to be in demand in the region. Factors such as an increase in the total number of schools and continuous government support have aided the development of educational infrastructure in India. Thus the above factors have significantly contributed to the global consumer stationery retailing market growth in APAC during the forecasting period.
Sycamore Services Inc: The company offers consumer stationery retailing such as post-it notes, drawer storage containers, pencil holders, and plastic pen storage. Also, the company offers various types of services, such as residential services, employment services, stationery services, day services, and other community activities.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Constraints in pricing for consumer stationery products are one of the key challenges hindering the global consumer stationery retailing market growth.
Due to the presence of several international and regional vendors, global consumer stationery retailing is a highly fragmented market. There is intense price-based competition among vendors for standard offerings, even though vendors offer highly differentiated products in the premium stationery category.
Additionally, the brand name and sales revenue of established international vendors are affected due to the prominence of several counterfeit stationery and product replicas, especially in emerging economies such as India, China, and Brazil. The highly unorganized nature of the consumer stationery retailing market in emerging economies further intensifies price-based competition among vendors. Thus, the above factors can impede the global consumer stationery retailing market during the forecast period.
The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. For details analysis BUY FULL REPORT.
Consumer Stationery Retailing Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2018 - 2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.35% |
Market growth 2023-2027 |
USD 9.80 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.56 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AEON CO. LTD., Alibaba Group Holding Ltd., Amazon.com Inc., Avenue Supermarts Ltd., Best Buy Co. Inc., Cencosud S.A., Coop Genossenschaft, The Kroger Co., Reliance Industries Ltd., Skyblue Stationery Mart, StationeryBazaar.com, Sycamore Services Inc., Target Corp., Tesco Plc, The ODP Corp., Theo Paphitis Retail Group, Walmart Inc., and WH Smith PLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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