Global Consumer Stationery Retailing Market 2019-2023
About this market
Several retailers such as Staples and Office Depot are increasingly adopting omnichannel retail strategies for the distribution of consumer stationery products. These retailers offer a diverse range of stationery products through brick-and-mortar stores, such as traditional retail outlets, and online retail platforms. The growing penetration of Internet-enabled mobile devices in countries such as the US. China. and India have resulted in a steady shift toward online retail platforms as the preferred purchase channel for consumer stationery supplies in these countries. Therefore. the growing emphasis on multichannel retail platforms is expected to boost the growth of the global consumer stationery retailing market during the forecast period. Technavio’s analysts have predicted that the consumer stationery retailing market will register a CAGR of close to 3% by 2023.
Rapid growth in education sector
The education sector is a key end-user of consumer stationery products such as pens, pencils, and marking pens. There has been a steady increase in the number of recognized educational institutions and student enrolment in academic institutions in the last few years. The rapid development in the educational infrastructure and the steady increase in student enrolment will fuel the growth of the global consumer stationery retail market during the forecast period.
Procurement challenges due to environment regulations
Rising concerns over deforestation, pollution, and environmental degradation have affected the production costs of consumer stationery items such as notebooks and pencils. The rise in environmental concerns and growing adoption of digital tools by consumers to reduce the dependence on paper and plastic-based stationery products will challenge the growth of the global consumer stationery retailing market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the consumer stationery retailing market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Consumer Stationery Retailing Market 2019-2023
Technavio recognizes the following companies as the key players in the global consumer stationery retailing market: Alibaba Group, Amazon.com, Office Depot, Walmart, WHSmith.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing emphasis on product innovation.”
According to the report, one of the major drivers for this market is the growing emphasis on product personalized will boost the growth of the global consumer stationary retailing market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is the pricing constraints for consumer stationery products.
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