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The global office supplies market reached a value of almost USD 245.8 billion in 2020. The office supplies industry is further expected to grow at a CAGR of 2.4% between 2021 and 2026 to reach a value of almost USD 283.34 billion by 2026.
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The global office supplies market is driven by the emerging trend of online ordering, which has accelerated the market growth. Regions such as the United States and Europe are the mature markets for office supplies. The Asia Pacific and Latin America have a vacuum in the supply arena as the top global players do not have a strong presence in these regions and, thus, present a significant growth potential for market expansion by major players. The office supplies industry is going through a drastic change due to disinvesting by the major players, namely Staples and Office Depot, in most regions, except for North America.
The market is extremely fragmented and less matured in regions outside Europe and North America. The suppliers of this industry are advancing their supply capability by introducing more products and investing more in their online portals, along with increasing their geographical scope, further strengthening the office supplies industry growth. The potential market enhancers such as, reusable notebooks, dry erase boards, etc., which are developed from recycled materials, are being taken into consideration by the suppliers as they stock up these products.
Office supplies are a range of products, including consumables and equipment, which are used on a regular basis in offices by businesses or others, by individuals whose work includes but not limited to recordkeeping, bookkeeping, or written communications, cleaning and janitorial, and for storage of supplies or data.
The report covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global office supplies market is driven by the integration and automation of IT and industry, which has enhanced the demand for computer/printer supplies, further aiding the office supplies market growth. The growth of the toner cartridges segment is also augmenting the market growth. The buyers can profit from the current market situation and increase their buying power by consolidating their demand. With the expansion of portfolio by the suppliers, the buyers can unite and strengthen their supplier base, resulting in cost savings.
There is a growing trend of emphasising on self-branded products. Large suppliers, namely, Staples and Office Depot, have great trust in their self-branded products, due to higher margins, resulting in more profit than other branded products. For example, Staples has had 30% revenue in the past few years from these types of branded products and escalated the frequency of the launch of similar products in the market. The feature of online ordering is providing further impetus to market growth as the customers prefer to buy online due to time and energy efficiency. Companies such as Staples have transferred its investments in the online portal category to make online ordering more convenient for its customers. Amazon Business and eBay have also entered the market due to already existing products on the virtual store that can be fit into the office supplies category. The suppliers are increasing their service capabilities through the inclusion of non-core office supplies, such as janitorial supplies, technical equipment, and break room supplies.
The market for office supplies is aided by the growing emphasis on education, rising literacy rates, and increasing job opportunities, along with increasing geographical capabilities of MNCs world over, particularly in emerging markets. Campaigns such as the Digital India Campaign in India and industrial development in Latin America, primarily in Mexico, Brazil, etc., are aiding the increase in the number of offices and job opportunities. In regions such as the Asia Pacific, Africa, and the Middle East, the buyers want to consolidate their supply base, but due to the faint presence of the global suppliers, they are finding this task challenging. Although digitalization has resulted in the closure of several retail stores, price is the determining factor, along with geographic coverage and supply assurance, for the growth of the office supplies market.
June 2017- Office Depot, Inc. (NASDAQ: ODP) reached an agreement to sell its Mainland China business to Shanghai M&G COLIPU Office Supplies Co., Ltd.
The report gives a detailed analysis of the following key players in the global office supplies market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Office Supplies Market Analysis
6.1 Figure: Global Office Supplies Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Office Supplies Market Breakup by Region
6.2.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.3 Figure: Global Office Supplies Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Value Chain Analysis
10 EMR’s Key Indicators for Demand
11 EMR’s Key Indicators for Price
12 Procurement Strategy
12.1 Sourcing Models
12.2 Engagement Models
12.3 Pricing Models
12.4 Cost-saving Opportunities
12.5 Negotiation Levers
13 Cost Analysis
13.1 Raw Material &Consumables
13.2 Utilities & Fuel
13.3 Wages & Salaries
13.4 Indirect Expenses
13.5 Profit Margin
14 Competitive Landscape & Supplier Analysis
14.1 Staples Inc.
14.1.1 Company Overview
14.1.2 Financial Analysis
14.2 Office Depot, Inc.
14.2.1 Company Overview
14.2.2 Financial Analysis
14.3 Lyreco Group
14.3.1 Company Overview
14.3.2 Financial Analysis
14.4 Amazon Inc.
14.4.1 Company Overview
14.4.2 Financial Analysis
14.5 Marken Limited
14.5.1 Company Overview
14.5.2 Financial Analysis
14.6.1 Company Overview
14.6.2 Financial Analysis
14.7 Arcadia Technologies Private Limited
14.7.1 Company Overview
14.7.2 Financial Analysis
14.8.1 Company Overview
14.8.2 Financial Analysis
15 Industry Events and Developments
In 2020, the global office supplies market attained a value of nearly USD 245.8 billion.
The market is projected to grow at a CAGR of 2.4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 283.34 billion by 2026.
The major drivers of the industry, such as the integration and automation of IT and industry, growth of the toner cartridges segment, growing emphasis on education, rising literacy rates, and increasing job opportunities, along with increasing geographical capabilities of MNCs world over, particularly in emerging markets, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing emphasis on self-branded products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major players in the industry are Staples Inc., Office Depot, Inc., Lyreco Group, Amazon Inc., Marken Limited, Deli, Arcadia Technologies Private Limited, and Ryman, among others.
The global office supplies market attained a value of USD 245.8 billion in 2020, driven by the growing emphasis on education. Aided by the increasing geographical capabilities of MNCs, particularly in emerging markets, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 2.4%. The market is projected to reach USD 283.34 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major regional markets for office supplies are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Staples Inc., Office Depot, Inc., Lyreco Group, Amazon Inc., Marken Limited, Deli, Arcadia Technologies Private Limited, Ryman, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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