Global Office Supplies Market Research Report: Forecast (2024-2030)
Office Supplies Market- By Type (Photocopiers, Printers & Scanners, Fax Machines, Coin & Currency, Counting Devices, Writing Supplies, Calendars, Planners, Organizers, Stationary),...By Distribution Channel (Supermarkets/Hypermarkets, Stationery Stores, Online Stores), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Countries (The US, Canada, Mexico, Brazil, Italy, France, The UK, Germany, Spain, Saudi Arabia, UAE, South Africa, China, India, Japan, South Korea), By Companies (Amazon, Aurora Corporation, AT Cross Company, Brother International Corporation, Canon Inc., Dell Inc. Dixon Ticonderoga, Domtar Corporation, Epson, Faber-Castell, FUJIFILM Holdings Corporation, HP Inc., Kokuyo, Office Depot Inc., Seiko Epson Corporation, Staples, Inc., Stanley Bostitch, Tesco PLC, WHSmith PLC, Xerox Corporation, Others) Read more
- FMCG
- Jul 2023
- 201
- PDF, Excel, PPT
Market Definition
Office supplies comprise various materials that organizations of all sizes & types use daily. The most common ones include printer inks & toners, paper shredders, coin-counting devices, envelopes, organizers, etc. The industry as a whole is subsumed of establishments primarily engaged in: retailing new stationery, school supplies, and office supplies retailing a combination of new office equipment, furniture and supplies, office equipment, and hardware devices.
Market Insights & Analysis: Global Office Supplies Market (2024-30)
The Global Office Supplies Market size is valued at around USD 162 Billion in 2023 and is projected to grow at a CAGR of around 1.8% during the forecast period, i.e., 2024-30. The market is driven primarily by the expansion of suppliers through e-commerce platforms and consumers' interest in engaging in online shopping resulting in the market's growth. Also, with better interaction provided by e-commerce platforms, and the brand image of offices and corporates, there is a growing demand for customized office supplies. Furthermore, various green initiatives worldwide leading to the rising inclination of organizations & individuals toward recyclable stationery products, especially across developed countries, are also projecting profitable opportunities for the industry worldwide through 2030.
With increased commercial office spaces or work spaces offered to individuals, the market is experiencing significant engrossment. Consecutively, with crucial companies focusing on ensuring quality, variety, customization and modifications, affordability, and faster delivery of the products to maintain their stand in the competitive market, it is resulting in a further surge of growth in the industry. For instance,
- In October 2021, Office Depot launched '20 Minute Pickup Promise', an in-store and curb-side product pickup service to timely deliver business stationery in the United States.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2019-22 |
Base Year: 2023 | |
Forecast Period: 2024-30 | |
CAGR(2024-2030) | 1.8% |
Regions Covered | North America: USA, Canada, Mexico |
Europe: Germany, France, Italy, UK, Spain | |
Asia-Pacific: China, India, Japan, South Korea, | |
South America: Brazil | |
Middle East & Africa: Saudi Arabia, Uae , South Africa | |
Key Companies Profiled | Amazon, Aurora Corporation, AT Cross Company, Brother International Corporation, Canon Inc., Dell Inc. Dixon Ticonderoga, Domtar Corporation, Epson, Faber-Castell, FUJIFILM Holdings Corporation, HP Inc., Kokuyo, Office Depot Inc., Seiko Epson Corporation, Staples, Inc., Stanley Bostitch, Tesco PLC, WHSmith PLC, Xerox Corporation, Others |
Market Value (2023) | USD 162 Billion |
In addition, the trend of remote working & learning has significantly impacted the types of such supplies end-users purchase nowadays. Digital platforms have revolutionized how consumers explore, compare, & buy products. Some notable consumer pattern changes include their ever-evolving requirements, technological advancements, reduced sales of conventional office supplies, and increasing competition.
Like most sectors, this industry is also witnessing numerous advantages due to technological advancements. The leading manufacturers & suppliers are increasingly adopting different online distribution channels like mobile apps, social media sites, etc., to boost their digital presence & promote their product offerings to a larger audience. Hence, it shall further create a remunerative growth prospect for the market over the coming years.
Global Office Supplies Market Key Trend
Turning The Office Space into A Smart and Green One - The incorporation of IoT has brought the consumers’ focus toward technology-based supplies for ease and added comfort. Technology-based chairs, smart projectors, and similar supplies have opened up new avenues for the market players. Moreover, the ongoing smart and green initiatives by companies further create opportunities for the stakeholders. The office space becoming smarter is all set to enhance the work efficiency and productivity of the workers. Besides, brands nowadays opt for recyclable and environmentally friendly supplies in order to present themselves as environmentally sensitive and garner the consumer’s attention. For instance, In April 2022, Brother International Corporation introduced a range of recycled plastic material-based office and school goods, including pens, pencils, markers, and correction tapes, in the U.S. In addition, evolving renovation and makeover concepts among business corporations have further led to market expansion in the past few years.
Global Office Supplies Market Driver:
Rapid Expansion of Online Platforms Paired with Customized Office Supplies Availability - The rising popularity of online shopping, with the extensive presence of e-commerce platforms, facilitating unlimited products and services is expected to maximize the sales of office supplies in the coming years. Earlier consumers had access to limited varieties, but now with increasing internet penetration, access to numerous designs, even from overseas, has become possible. Further, by utilizing e-commerce platforms, manufacturers and suppliers are broadening their sales. Moreover, with the rapidly growing hybrid and remote work culture, there has been a tendency to have their own home offices. Thus, online shopping websites have encouraged and aided home-office workers in building their own professional space. Backed by these factors, the industry is likely to enthrall in the forecast years.
Global Office Supplies Market Possible Restraint:
Digitalization of Office Tasks - The industry is likely to witness a reduced demand for office supplies, especially paper goods, binding accessories, and file accessories, as the offices and corporate world is digitalizing their work and meetings. Moreover, the increasing adoption of online platforms and advanced technology-based platforms such as Quickbooks and Xero Accounting for bookkeeping and ledgering purposes is further declining the demands for pens, book ledgers, etc. In addition, the shift from paper to screen has resulted in laptops replacing many office supplies, thereby hinting at the dip for the industry in the forthcoming years.
Global Office Supplies Market Growth Opportunity
Expanding Commercial Infrastructural Installation - With comprehensive utilities in workplaces, educational institutions, hospitals, and banks, the demand for office supplies has augmented in the past few years. Besides, rapid urbanization and expansion of government institutes to more cities have positively influenced the supplies of such goods.
Other than this, expanding cities along with commercial areas and new start-ups accompanying the branch extension of established companies have furthered the demand for more such items. On top of that, ever-changing trends in commercial office setups through interior designing, like the inclusion of lounging space with comfortable lounge furniture, privacy pods, and more, provide an opportunity for the industry to grow further in the upcoming years.
Global Office Supplies Market (2024-30): Segmentation Analysis
The Global Office Supplies Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:
Based on Type:
- Photocopiers
- Printers & Scanners
- Fax Machines
- Coin & Currency Counting Devices
- Writing Supplies
- Calendars
- Planners
- Organizers
- Stationary
Amongst them, Printer & Scanner supplies are projected to dominate the market during the forecast period. It owes principally to its ever-increasing requirements across the manufacturing, healthcare, & banking sectors, globally. However, with rapid mechanization & IT integration across many industries, the demand for paper-based office supplies has been steadily reducing, especially in developed regions. Moreover, with the emerging work-from-home trend after the Covid-19 pandemic, a majority of organizations have shifted their paperwork to digital platforms, i.e., another crucial reason behind the declining sales of paper-based products and growing adoption of printer & scanner supplies. Additionally, the shift of consumers from tri-color to single-color ink cartridges to attain high-quality prints has also contributed to the mounting sales of printing supplies worldwide, which, in turn, is projecting lucrative prospects for the market in the forecast years. For instance,
In December 2022, Seiko Epson Corporation reaffirmed its commitment to PrecisionCore Heat Free inkjet technology and developing sustainable technologies.
Based on Distribution Channel:
- Supermarkets/Hypermarkets
- Stationery Stores
- Online Stores
Here, Online Stores have been gaining significant momentum in the market, especially after the advent of Covid-19 in 2020, mainly due to the time & cost efficiency they offer to consumers. E-commerce platforms have experienced a boom in demand, with continuous engagement. Over recent years, online platforms have arisen as the most efficient & cost-effective channels to purchase various office supplies, wherein SMEs (Small & Medium Enterprises) & at-home businesses are the most prominent end-users.
These stores offer office supplies at lower prices than offline retailers, at-home shopping convenience, a variety of product choices, easy & multiple payment modes, & flexible deliveries. As a result, the leading players in the market are increasingly inclining toward online distribution channels, particularly across emerging countries where there are rapid infrastructure developments & sharp consumer price sensitivity, thereby projecting profitable prospects for the industry during 2024-30.
Global Office Supplies Market Regional Projection
Geographically, the Global Office Supplies Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Here, North America & Asia-Pacific are the most prominent contributors to the growth of the Office Supplies Market. In North America, the burgeoning production of customized office supplies, the ever-increasing prevalence of online shopping, rising awareness about products like staple-free staplers, reusable paper & notebooks, & eco-friendly pencils & pens, among others, manufactured through recycled materials, and the booming IT & BFSI sectors are prime aspects driving the regional market.
Moreover, the leading market players across North America, especially in the US, are enhancing their production & supply capacities by introducing more products and investing massively in moving to online distribution channels. Moreover, the extensive presence of the major suppliers & manufacturers of office products, the accelerating establishment of numerous offices, and soaring business development activities have also been fueling the production & sales of office supplies across the region for the last couple of years.
Contrary to this, swiftly expanding SMEs again augment the demand for such supplies across Asia-Pacific. In fact, India, China, & Japan are witnessing considerable market growth due to the rapidly expanding service sector with a mounting influx of various MNCs due to favorable government policies. Furthermore, the presence of rapidly emerging economies enabling improved work conditions and rapid urbanization, i.e., increasing construction of various IT parks & commercial complexes, is another crucial aspect projected to drive the regional market in the future.
Global Office Supplies Industry Recent Developments
- In December 2022, FUJIFILM Holdings Corporation disclosed an asset purchase agreement with Inspirata Inc. to acquire Digital Pathology Business.
- In December 2022, Aurora Corporation signed a Letter of Intent for a business acquisition of DIH Technology.
- In January 2022, Brother International Corporation declared that it had agreed to purchase all of the outstanding shares of Inkbox.
Gain a Competitive Edge with Our Global Office Supplies Market Report
- Global Office Supplies Market Analysis report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
- This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
- Global Office Supplies Industry report aids in assessing and mitigating risks associated with entering or operating in the market.
- The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.
Frequently Asked Questions
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of Covid-19 on Global Office Supplies Market
- Global Office Supplies Market Outlook, 2019-2030F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Type
- Photocopiers
- Printers & Scanners
- Fax Machines
- Coin & Currency
- Counting Devices
- Writing Supplies
- Calendars
- Planners
- Organizers
- Stationary
- Others
- By Distribution Channel
- Supermarkets/Hypermarkets
- Stationery Stores
- Online Stores
- Other
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Type
- Market Size & Analysis
- North America Office Supplies Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Type
- By Distribution Channel
- By Country
- The US
- Canada
- Mexico
- Market Size & Analysis
- South America Office Supplies Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Type
- By Distribution Channel
- By Country
- Brazil
- Market Size & Analysis
- Europe Office Supplies Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Type
- By Distribution Channel
- By Country
- The UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Market Size & Analysis
- The Middle East & Africa Office Supplies Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Type
- By Distribution Channel
- By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Market Size & Analysis
- Asia-Pacific Office Supplies Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Type
- By Distribution Channel
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Analysis
- Global Office Supplies Market Government Regulations & Policies
- Global Office Supplies Market Supply Chain Analysis
- Global Office Supplies Market Trends & Insights
- Global Office Supplies Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Global Office Supplies Market Hotspot & Opportunities
- Global Office Supplies Market Key Target Audience
- Key Target Audience
- Supplies Retailers
- Furnishings Retailers
- Private Equity Companies
- Contract Supplies Manufacturers
- Supplies Association
- Global Office Supplies Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances
- Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- Amazon
- Aurora Corporation
- AT Cross Company
- Brother International Corporation
- Canon Inc.
- Dell Inc.
- Dixon Ticonderoga
- Domtar Corporation
- Epson
- Faber-Castell
- FUJIFILM Holdings Corporation
- HP Inc.
- Kokuyo
- Office Depot Inc.
- Seiko Epson Corporation
- Staples, Inc.
- Stanley Bostitch
- Tesco PLC
- WHSmith PLC
- Xerox Corporation
- Competition Matrix
- Disclaimer