Stationery Products Market Size, Share & Trends Analysis Report By Product (Paper Based, Ink Based), By Application (Educational Institutes, Corporates), By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The global stationery products market size was valued at USD 90.6 billion in 2018 and is expected to expand at a CAGR of 5.1% over the forecast period. Growing literacy rate across the globe and increasing number of youth inclining towards higher education are among the prominent factors for the market growth.

Furthermore, rapid increase in the number of start-ups is propelling the market growth. According to a report by NASSCOM, more than 1200 startups came into existence in 2018. Thus, increasing employment in these sectors is impacting the market growth significantly. Government initiatives have led to an increase in the number of schools and colleges in rural as well as urban areas, which is directly impacting the market growth.

The global education industry is anticipated to witness significant growth in the near future, thus fueling the market growth in the forecast period. Increasing brand awareness and disposable income among the consumers are driving the market for luxury pens, which, in turn, is providing an up thrust to the global market in the forecast period.

Globalization is also considered to be a significant factor for the stationery products market growth. It has led to the expansion of multi-national companies in various countries, which influences the market growth in that region. Government initiatives in emerging countries such as India have welcomed various international companies. For instance, Make in India policy has led the Chinese company, Huawei to invest in the Indian market, which, in turn, resulted in expansion of the company.

These factors have fueled the market growth in India, thereby impacting the overall market growth in the forecast period. However, rapid digitization is one of the restraining factors for the industry in the near future. Smart classes and green schooling have hindered the market growth. Although, the perception that the education based on notes and pen are most effective will drive the market in the near future.

Application Insights

On the basis application, the market is further segmented into educational institutes and corporates. Educational institutes held the largest share of 45.3% in 2018. Presence of a large number of schools and colleges and growing population have led to the segment growth.

Apart from digitization, installation of smart classes is found to be costly and is not feasible for various economical institutions, thus the demand for stationery products is constantly growing in the segment. Growing trend of studying abroad is also impacting the market growth of the region, eventually fueling the overall market growth. For instance, according to the U.S embassy report, there has been a rise of 12.0% in the number of Indian students in 2017.

The corporate sector, on the other hand, is expected to expand at a CAGR of 5.3% in the forecast period. Despite of the fact that digitization is hitting the corporate sector, the paper remains the prominent stationery product, which is used in the sector.

Product Insights

On the basis of product, the market is segmented into paper based, ink based, and art based. The paper based segment accounted for a leading share of 30.4% in 2018 and is expected to witness significant growth in the near future. Even after digitization hitting the markets, papers are one of the most used stationery products, finding its application in printing. Introduction of various coaching centers has led to increase in the usage of paper in the near future. Paper is used for printing question papers and other assignment sheets in education sector. Various other usage of paper in government offices and architectures has driven the segment.

The ink based segment is expected to register a CAGR of 5.7% during the forecast period. Increasing demand for pens among the millennials due to inclination towards higher education is impelling themarket growth. Product innovation also plays an important role in fueling the market growth. For instance, introduction of RGB pens that enable the user to write in any color has impacted the market growth. In order to position as an eco-friendly product, manufacturers have come up with bamboo and wooden pens.

Regional Insights

In 2018, Asia Pacific led the market with a share of 32.0% and is anticipated to witness significant growth in the near future. In APAC, India contributes to the majority of share and is expected to register a CAGR of 6.2% over the forecast period. High usage of different types of stationery products and increasing number of educational institutes in rural as well as urban areas are driving the regional market in the forecast period.

Middle East and Africa is anticipated to expand at the fastest CAGR of 6.1% in the forecast period. Increasing awareness regarding education in Middle East countries and encouraging females for higher education has resulted in market growth in the region. In African regions, increase in the number of schools due to government initiatives as well as donations made from across the globe have led to the market growth in the region.

Stationery Products Market Share Insights

Faber-Castlle, 3M, Staedtler, Maped, Muji, Artline, Fullmark, Reynolds Pens, Linc Pens & Plastics Ltd., and Mead are some of the leading players in the industry. The market presents moderate to low entry barriers due to presence of a large number of unorganized players in the market.

In countries such as India, a large number of economical consumer group still prefer to buy stationery items from local vendors of unorganized companies rather than global market leaders. These are the challenges that the market poses for the players and it differs from country to country. Advertisement also plays an important role in creating awareness about the product as well as innovation in the product. For instance, when Reynolds came up with pens that have waterproof inks, they advertised themselves accordingly.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global stationery products market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Billion, 2015 - 2025)

  • Paper Based

  • Ink Based

  • Art Based

  • Others

• Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Educational Institutes

  • Corporates

  • Others

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • CSA

    • Brazil

  • MEA

    • South Africa