Exponential Growth likely to Happen In Office supplies Market during 2018 – 2024

According to a new report published by FAST.MR, titled, “Office Supplies Market” witnessed a market value of USD 235.26 billion in 2018 and is considered to surpass USD XXX billion by 2024, recording a compound annual growth rate (CAGR) of 2.7% between 2019 and 2024. The office supplies market is analysed based on regions, by product and by distribution channel. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in office supplies market, such as Staples, Inc., Office Depot Inc., Tesco PLC, The Hewlett-Packard Company, Stanley Bostitch, Kokuyo, Canon Inc., Faber-Castell, Dell Inc. and others.

Market Summary:

Based on the product, the market has been classified into writing supplies (pens, highlighters, markers, pencils, erasers, others), calendars (desk calendar, wall calendar, others), planners (daily planner, monthly planner, others), organizers, clips & fasteners (staplers & punches, sticky notes, memo pad), tape & adhesives, computer & printer supplies, and others. In product segment, computer & printer supplies segment contributed around XX% market share of the office supplies market in 2018. The computer & printer supplies segment is likely to continue with its exponential growth in 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.

Office supplies distribution channel segment includes online stores, supermarket & hypermarket, stationery stores and other. Office supplies online channel segment was valued at USD XX million in 2018 and is expected to reach USD XX Million by 2024, progressing at a CAGR of XX% from 2019 to 2024. 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.

Region-wise, the market has been segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. At present, Asia Pacific is the prominent market, holding XX% of the global market share. The competitive landscape of the market has been examined in the report. Some of the key players operating in the market include Staples, Inc., Office Depot Inc., Tesco PLC, Stanley Bostitch, Faber-Castell and others major key players.

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Research Scope and Deliverables:

– Research Methodology & Executive Summary

– Market Drivers, Trends, Barriers and Opportunities

– Market Size and Forecast Projections

– Competitive Analysis

– Macroeconomic Indicators of Various Countries Impacting the Growth of the Market

– Extensive Coverage of Industry Players including Recent Product Launches and Market Activities

– Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyses the office supplies market by the following segments:

– Product

– Distribution Channel

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the further breakdown of market data and analysis of region into countries is covered in the report.

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