Office Supplies Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global office supplies market is expected to witness growth at a compounded annual growth rate of 3.5% over the forecast period of 2022-2030.

Office supplies are consumables and equipment used regularly in offices by businesses or other organizations or by individuals whose scope of work includes but is not limited to cleaning or janitorial, storage of supplies or data, bookkeeping or bookkeeping or recordkeeping, and written communications. Some office supplies items may consist of paper-based products, daily use items, small machines, storage and equipment, writing and marketing instruments, small, expendable, computers and printers, etc.

GROWTH DRIVERS:

Factors primarily driving the growth of the office supplies market include: the surging worldwide focus on education coupled with the proliferating literacy rates across the globe; the increasing number of new office spaces across the globe; the growing launching of new office supplies products by market players across different regions; the escalating number of campaigns and industrial development across the under-developed and developing regions leading to a rising number of jobs across the globe; the burgeoning number of small office supply businesses; the soaring expenditure on office supplies and the growing trend of flexible working space among businesses.

Additionally, the expanding e-commerce industry is providing enormous growth opportunities to the market players present in the global office supplies market. E-commerce platforms offer many advantages and benefits, including easier payments, enhanced consumer convenience, and comparatively lower costs. As such, the online sales of products, including office supplies, are witnessing a massive surge. Consequently, many leading players are listing their office supplies product offerings across different platforms in the online market place. This allows both the retailers and manufacturers to promote and sell their products to a larger set of customers, resulting in a shift among consumers from offline stores to online stores for buying office supplies, thereby augmenting the growth of the global market.

Moreover, recent years have witnessed a colossal number of start-ups emerging in the global office supplies market, mainly in developed countries including the U.S, Germany, Australia, and the developing countries including India and China. This growing number of start-ups providing office supplies in different regions across the globe is anticipated to bode well for the growth of the office supplies market during the forecast period.

Furthermore, other factors such as the growing introduction and demand for eco-friendly products; especially in the matured countries; the maturing trend of focusing on self-branded products; and the increasing number of companies expanding their service capabilities through the inclusion of non-core office supplies are expected to further augment the growth of the global office supplies market during the forecast period.

However, factors such as: the increasing transformation towards digitization; the growing concept of “green” businesses; and the escalating demand for smarter mobile devices among consumers where documents can be stored virtually are expected to restrain the growth of the global office supplies market to some extent during the forecast period.

OFFICE SUPPLIES MARKET SEGMENTATION:

By Product:

·         Writing Supplies

o   Pens

o   Highlighters

o   Markers

o   Pencils

o   Erasers

o   Others

·         Calendars

o   Desk Calendar

o   Wall Calendar

o   Others

·         Planners

o   Daily Planner

o   Monthly Planner

o   Others

·         Organizers

·         Clips & Fasteners

o   Staplers & Punches

o   Sticky Notes

o   Memo Pad

·         Tape & Adhesives

·         Computer & Printer Supplies

·         Other

By Distribution Channel:

·         Online Stores

·         Supermarket & Hypermarket

·         Stationery Stores

·         Other

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Based on product, the computer & printer supplies segment captured the largest share of the global office supplies market in 2021. The segment is predicted to further retain its dominance in the market and register growth at a growth rate of 3.2% over the forecast period of 2022-2030. The growing IT integration, industrial automation, and the increasing shifting from tri-color cartridges to ink-cartridges for higher-quality printing are the major factors driving the segment’s growth.

Based on distribution channel, the supermarket & hypermarket segment dominated the global office supplies market in 2021. The segment is poised to further maintain its lead and grow at a moderate CAGR of 2.8% in the market over the forecast period of 2022-2030.

REGIONAL OUTLOOK:

The North American region held the largest share of the global office supplies market in 2021, followed by Europe. The region’s position is improbable to change over the forecast period. The market’s largest share and growth can be attributed to the increasing trend of online ordering in the region; the presence of well-established market players in the region; and the escalating launching of new products and the growing investment in online portals by these market players in the region. The U.S., followed by Canada is the major contributor to the growth of the market in the region.

The Asia Pacific region is poised to emerge as the fastest-growing regional market for office supplies during the forecast period of 2022-2030. The growing number of local office suppliers in the region and the increasing number of new product launches by them are majorly attributed to the growth of the office supplies market growth in the Asia Pacific region. India, China, Japan and Australia are the major contributors to the growth of the market in the region.

KEY COMPANIES IN OFFICE SUPPLIES MARKET:

·         Faber-Castell

·         The Hewlett-Packard Company

·         Kokuyo

·         Canon Inc.

·         Staples Inc.

·         Office Depot Inc.

·         Tesco PLC

·         Stanley Bostitch

·         Dell Inc.

·         A.T. Cross Company

·         Lyreco Group

·         Amazon Inc.

·         Marken Limited

·         Deli

·         Arcadia Technologies Private Limited

·         Ryman

·         Maped

·         Parker

·         3M

·         Other Players