Office Supplies (Except Paper) Global Market Report 2024

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 observed in the historical period can be attributed to several key factors. This includes corporate expansion initiatives, evolving workplace trends influencing the demand for office supplies, periods of economic stability fostering increased business activities, adherence to regulatory compliance standards shaping procurement practices, and the globalization of businesses leading to expanded markets and needs for office-related products. These combined elements played pivotal roles in driving growth within the office supplies industry during that period.

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%. Anticipated growth in the forecast period is expected to be influenced by several key factors. These include the widespread adoption of remote and hybrid work models, an increased focus on employee well-being prompting demand for ergonomic office supplies, a growing emphasis on sustainable practices leading to eco-friendly office product preferences, the evolution of flexible office spaces requiring adaptable supplies, and the continued expansion of e-commerce channels for office supply procurement.

The growth observed in the office supplies market (excluding paper) is attributed to various factors, including emerging market expansion, the rise in disposable income, and technological advancements. The surge in disposable income is anticipated to be a significant driver for the future growth of this market segment. Disposable income represents the funds available for spending and saving after tax deductions. This increase in disposable income encourages individuals to invest in diverse office supplies used for writing and reading purposes. As per an article released by the UK's Office of National Statistics in 2023, the median household disposable income experienced an average annual growth of 0.7% between 2020 and 2022, contributing significantly to the expansion of the office supplies (excluding paper) market.

The burgeoning number of new businesses is expected to fuel the growth of the office supplies (excluding paper) market. Office supplies (excluding paper) are integral to the expansion of businesses, elevating operational efficiency and productivity. These supplies encompass various essentials ranging from computer accessories to ergonomic furniture, supporting day-to-day operations and contributing to a well-organized workspace. A report from Oberlo in January 2023 highlighted a surge in small businesses in the US, totaling 33.2 million, accounting for 99.9% of all US businesses. This surge in new business establishments significantly influences the growth of the office supplies (excluding paper) market. Technological advancements represent a significant trend gaining traction in the office supplies market. Key companies in this sector are dedicated to innovating new technologies to maintain their market standing. For instance, in May 2022, the NPD Group, a US-based market research company, launched its office supplies retail tracking service in Canada. This service offers comprehensive point-of-sale statistics, including market size, share, and consumption data. Additionally, clients gain access to extensive market insights, encompassing top-selling items and average selling prices, aligning with consumer spending patterns.

Major players in the office supplies (excluding paper) market are engaging in strategic partnerships and collaborations to fortify their market position. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits. An example of this occurred in November 2021 when SOS, a Jamaica-based office supplies company, partnered with AIS Incorporation, a US-based office stationery and supplies company. This collaboration aims to support SOS in expanding contract work for the office furniture market. Leveraging AIS's strengths, SOS benefits from nearshoring advantages, providing high-quality products in shorter periods compared to suppliers from more distant countries like China. This strategic partnership coupled with effective supply chain management helps SOS mitigate global shipping and logistic challenges, ensuring operational efficiency and better returns on investment.

In June 2022, Prosource, a UK-based manufacturer of office supplies, completed the acquisition of VanDyke Inc., a US-based company specializing in office supplies manufacturing, for an undisclosed sum. This strategic acquisition marks Prosource's entry into and expansion within the US market, leveraging VanDyke Inc.'s established presence and expertise in the American office supplies industry.

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.

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 countries covered in the office supplies (except paper) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of office supplies (excluding paper) include business forms, stationery, storage containers, and other miscellaneous items. Stationery encompasses a range of office-use items such as scales, pens, and pencils. These supplies are further categorized based on their functions, including desk accessories, filing products, binding tools, computer or printer-related supplies, and others, serving diverse applications across enterprises, households, educational institutions, and other sectors.

The office supplies (except paper) market research report is one of a series of new reports provides office supplies (except paper) market statistics, including office supplies (except paper) industry global market size, regional shares, competitors with a office supplies (except paper) market share, detailed office supplies (except paper) market segments, market trends and opportunities, and any further data you may need to thrive in the office supplies (except paper) industry. This office supplies (except paper) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The office supplies (except paper) market includes revenues earned by entities by producing materials and equipment that are frequently used in offices by companies and other organisations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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