Office Supplies Market

Global Office Supplies Market Research Report: By Product (Paper Supplies, Writing Supplies, Filing Supplies, Desk Supplies, Binding Supplies, Others), By Distribution Channel (Offline, Online), By End Use (Corporates, Educational Institutes, Hospitals, Hotels, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

Consumer Goods & Services | January 2024 | Report ID: EMR00523 | Pages: 301

The global office supplies market was valued at USD 152.12 billion in 2023 and is estimated to reach approximately USD 180.41 billion by 2032, at a CAGR of 2.41% from 2024 to 2032.

Office supplies are consumables and equipment regularly used in offices by businesses and other organizations, by individuals engaged in written communications. The consumable item/product used regularly in an office environment to perform departmental personnel's daily work assignments. Furthermore, the established office supply contract is for daily routinely used office supplies. It includes a wide range of materials that are used on a regular, daily basis by businesses of all sizes.

 

 

OFFICE SUPPLIES MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

USD 152.12 Billion

Projected Market Value (2032)

USD 180.41 Billion

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product, By Distribution Channel, By End Use& Region

Segments Covered

By Product, By Distribution Channel, By End Use& Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2034

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Office Supplies Market Drivers:

  • Rapid expansion of online platforms, coupled with the availability of customized office supplies.

The growing popularity of online shopping, combined with the widespread availability of e-commerce platforms that enable endless items and services, is predicted to boost sales of office supplies in the future years. Consumers used to have limited options, but with increased internet penetration, they can now access a wide range of designs, including those from other countries. Furthermore, by employing e-commerce platforms, manufacturers and suppliers increase their sales. Furthermore, with the fast-expanding hybrid and remote work culture, there has been a trend toward having their own home offices. Thus, online purchasing portals have encouraged and helped home-office workers establish their own professional area.

 

Opportunities:

  • Expanding Commercial Infrastructure Installation

The complete utilities in workplaces, educational institutions, hospitals, and banks, the demand for office supplies has risen in recent years. Furthermore, rising urbanization and the expansion of government institutes into more cities have favorably benefited the supply of such items, will create growth opportunities of the global market.

 

Restraints:

  • Digitalization of Office Tasks

The offices and corporations digitize their work and meetings, the industry's need for office supplies, particularly paper goods, binding accessories, and file accessories, is expected to decline. Furthermore, the growing use of online and advanced technology-based platforms for bookkeeping and ledgering, such as QuickBooks and Xero Accounting, is reducing need for pens, book ledgers, and so on. Furthermore, the change from paper to screen has resulted in laptops replacing many office supplies, indicating a decline in the business in the coming years.

 

Segment Overview

  • By Product

Based on product, the global office supplies market is divided into paper supplies, writing supplies, filing supplies, desk supplies, binding supplies, others. The paper supplies segment dominated the market in 2023 and is expected to dominating during the office supplies market in forecast period, due to the notebooks, carbon paper, notepads, and business cards are widely used in corporate, government, and educational settings. According to the Indian Paper Manufacturers Association (IPMA), a paper industry association, paper consumption in India is expected to exceed 30 million tons by fiscal year 2026-2027.

  • By Distribution Channel

Based on distribution channel, the global office supplies market is fragmented into offline, online. The offline segment dominated the global office supplies market in 2023. This is attributed to specialty stationery stores provide a one-stop option for clients to physically browse and select the things they require, which online modes of purchasing cannot match. Other ways of buying, such as convenience stores, are well-known for their longer hours and easy accessibility. These establishments serve consumers who need immediate access to office materials in their area or after regular business hours. In August 2022, Uber Eats announced a new agreement with Office Depot, LLC and its subsidiary, OfficeMax.

  • By End Use

Based on end use, the global office supplies market is segmented into corporates, educational institutes, hospitals, hotels, others. The corporates segment dominated the office supplies market with the largest revenue share in 2023. This owing to the office supplies are used for a variety of purposes in the workplace, including document drafting and printing, record keeping, filing, and research. Product demand increased in 2022 when offices opened and offline work resumed. The expansion of co-working spaces has increased product consumption in the corporate sector. According to a Deccan Chronicle report published in January 2022, India's co-working space has grown from 1.5 million square feet in 2018 to up to 10 million square feet by 2020.

 

Global Office Supplies Market Overview by Region

North America dominated the office supplies market in 2023. This is attributed to the region is home to thriving industries such as media, information technology, and financial services, all of which provide major demand for office supplies. Notably, the region has notable office space clusters similar to Silicon Valley in the United States, which house the headquarters of well-known firms such as Apple, Alphabet, Oracle, Intel, Cisco, Nvidia, Netflix, and others. Furthermore, a large presence of key industry players, such as Staples, Inc., 3M, BIC, and Office Depot, LLC, promotes the region's development.

 

 

Global Office Supplies Market Competitive Landscape

In the global office supplies market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global office supplies market include

  • 3M
  • BIC
  • Hamelin
  • Lyreco
  • Newell Brands
  • Crayola
  • Pentel Co.Ltd.
  • Faber-Castell
  • ACCO Brands
  • Staples, Inc.
  • Kokuyo Co.Ltd.
  • Office Depot, LLC.
  • Shoplet
  • Winc Australia Pty. Ltd.
  • ZumaOffic and others

 

Global Office Supplies Market Recent Developments

  • In April 2021, BIC introduced BIC ReVolution, the company’s first complete range of eco-friendly stationery. The ReVolution range offers everyday writing essentials, such as long-lasting, high-quality ball pens, mechanical pencils, correction tape, and permanent markers.
  • In December 2022, Fujifilm announced to entered asset purchase agreement for the global digital pathology business of Inspirata. This agreement Fujifilm absorbs Inspirata’s Dynamyx digital pathology technology. Additionally, it takes on employees and customers of the company. Fujifilm expects to complete the transaction in early 2023.
  • In January 2022, BIC announced it has signed an agreement to acquire 100% of the outstanding shares of Inkbox, the leading brand of high quality semi-permanent tattoos. Acquisition will make BIC a leader in the Do-It-Yourself Skin Creative industry. The fast-growing digitally native brand with outstanding growth track record.

 

Scope of the Global Office Supplies Market Report

Office Supplies Market Report Segmentation

ATTRIBUTE

DETAILS

By Product

  • Paper Supplies
  • Writing Supplies
  • Filing Supplies
  • Desk Supplies
  • Binding Supplies
  • Others

By Distribution Channel

  • Offline
  • Online

By End Use

  • Corporates
  • Educational Institutes
  • Hospitals
  • Hotels
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Office Supplies Market Size and Forecast:
  • To identify and estimate the market size for the global office supplies market segmented by product, by distribution channel, by end use& region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of office supplies between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global office supplies market
  • Market Influencing Factors: To find out the factors which are affecting the sales of office supplies among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global office supplies market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global office supplies market forecast period is 2024 - 2032.
According to office supplies market research, the market is expected to grow at a CAGR of 2.41% over the coming years.
Asia Pacific is expected to register the highest CAGR during 2024 - 2032.
North America held the largest share in 2023.
The major players operating in the global office supplies market include 3M, BIC, Hamelin, Lyreco, Newell Brands, Crayola, Pentel Co., Ltd., Faber-Castell, ACCO Brands, Staples, Inc., Kokuyo Co., Ltd., Office Depot, LLC., Shoplet, Winc Australia Pty. Ltd., ZumaOffic and others.