According to the latest report by IMARC Group, titled, “School Stationery Supplies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global school stationery supplies market to grow at a CAGR of around 4% during 2021-2026.
School stationery supplies are an inseparable part of the education system and are used for basic learning as well as developing creativity among students. These supplies generally include pencils, papers, sketch pens, erasers, notebooks, pencil cases, etc. They are made using a wide variety of materials such as wood, metal, paper, plastic and cardboard.
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Over the years, rapid development in printing technology and software have enabled the manufacturers to print popular cartoon characters on the stationery products. This provides the consumers with highly customizable designs, which in turn, is driving the market growth. Apart from this, various retail channels such as supermarket, stores and online platforms have been gaining popularity among parents and educational institutes for procuring these supplies. The strong distribution network helps in further stimulating the market growth. Moreover, the key vendors in the market are increasingly emphasizing on developing innovative products to gain a competitive advantage. Some of the other growth inducing factors include rising literacy rates and growing educational spending, particularly in the developing regions.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Browse full report with detailed TOC and list of figures and tables:https://www.imarcgroup.com/school-stationery-supplies-market
Global School Stationery Supplies Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the major players in the market are: PILOT BANCSHARES INC (PLBN), KOKUYO CAMLIN LTD (KOKUYOCMLN.NS), Newell Brands Inc. (NWL), Societe BIC (ENXTPA:BB), Acco Brands Corporation (ACCO), ADVEO GROUP INTERNATIONAL, S.A (ADV.MC), Ardent Group, El Corte Ingles, Herlitz, Kaut-Bullinger, Lyreco, Metro, Ryman Group, WH SMITH PLC ORD 22 6/67P (SMWH.L), etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.