Dublin, May 21, 2021 (GLOBE NEWSWIRE) -- The "Office Stationery and Supplies - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Online Trading Platforms are the Future as the World Faces Up to the New Normal of Social Distancing
For successful operation in the market in a time when the pandemic is changing the behavior of companies and people, manufacturers will need to launch their online portals and offer a comprehensive range of options to customers in addition to including mobile-based apps and social networking platforms to target customers.
Workplace Disruptions Upend Business as Usual
Amid the massive workplace disruptions set into motion by the COVID-19 pandemic, the global office stationery and supplies market is feeling the heat and is expected to decline by -2.8% in 2020 before recovering to reach a revised market size of US$186.9 billion by the year 2027.
Massive exodus from traditional offices to a work-at-home environment is today a reality in almost every country worldwide. While office buildings remain closed with no occupancy and with most paper work migrating to digital platforms, there is a sharp decline in demand for office stationery and supplies such as computer/printer supplies; paper products; stationery/mailing supplies; desk supplies; filing supplies; binding supplies.
With team meeting snow held online via videoconferencing apps, supplies used in physical office conference rooms like pens, notepads, whiteboards and white board pens and markers have declined. With office desks now empty there is a significant reduction in consumption of desk supplies.
With snail mail marketing coming to a grinding halt with postal services disrupted and general anxiety over COVID spread via mail, packages and letters, demand for mailing supplies has fallen. In addition to private offices, all public offices offering consumer services also remain closed and are being replaced by digital alternatives thus impacting use of paper stationery
Reduced Footfall in Retail Hurts Sales & Profits
Strict implementation of social distancing measures has killed all unnecessary trips to physical stores. In the U.S. the peak of the pandemic witnessed over 85% of consumers avoiding shopping centers and malls and over 58% avoiding all shops in general. Stringent lockdowns like in India witnessed all non-essential businesses and shops shutdown resulting in abrupt halting of all sales. Office stationery and supplies being non-essential is bearing the brunt of limited footfall in stationery retail outlets.
While offline retailing of office stationery and supplies has borne the brunt of the pandemic, the online sector is expected to bounce back once restrictions on e-commerce deliveries are lifted. In the post COVID-19 era, growth in the market will be driven by increasing gains in online platforms and rising demand for customized products.
Green initiatives and the increase in adoption of recyclable stationery products by businesses will be a major driver especially in developed countries supported by rising awareness about the adverse impact of non-recyclable materials such as plastics on the environment. Companies such as Staples and Office Depot have started offering sustainable products including letterhead and office papers.
In the coming months, manufacturers of office supplies will also begin focusing on offering specialized products that allow remote work, which is likely to become the trend of the future. With employees working from home, demand is shifting towards home offices. Businesses are increasingly investing in at-home office supplies and digital solutions which equip employees to smoothly work from the comfort of their homes.
Standalone desks, headphones, monitors, chairs, keyboards, device mounting equipment etc. have been witnessing a spike in demand since the month of March 2020, when countries started imposing lockdowns. At Shopify for instance, employees working from home are given a US$1000 stipend for purchasing supplies required for home office. Twitter is also reimbursing its employees working from home for office equipment such as chairs, cushions and desks among others.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Introduction to Office Stationery and Supplies
- Office Stationery and Supplies Market: Prospects & Outlook
- Manufacturers of Office Supplies Focus on Newer Products and Business Models amid Decreasing Demand for Traditional Products
- Developed Economies Spearhead Future Growth in Office Supplies Market
- Impact of COVID-19 on Office Supplies Market
- Competition
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 283 Featured):
- 3M
- A.T. Cross Company
- ACCO Brands Corp.
- Aurora Corp. of America
- Ballarpur Industries Limited
- Beifa Group Co., Ltd
- Societe Bic S.A
- Brother International
- Canon, Inc.
- Cenveo Inc
- Deli Company
- Dixon Ticonderoga
- Domtar Corporation
- Faber-Castell
- G M Pens International
- Hamelin Group
- ICO
- KOKUYO Co, Ltd
- LYRECO UK
- Office Depot, Inc.
- Shanghai M&G Stationery
- Shenzhen Comix Group
- Staples, Inc.
- Veritiv Corporation
- Wenzhou Aihao Pen
- WHSmith PLC
3. MARKET TRENDS & DRIVERS
- New Office Starts and Corporate Expansions: A Major Growth Determinant for Office Supplies Market
- Digitalization Brings in a Mixed Bag of Opportunities & Challenges for Office Supplies Market
- Digitization Impacts Demand for Conventional Office Supplies
- Product Innovations Spark Renewed Interest in Office Stationery Products
- Demand for Personalized Stationery Gains Momentum
- Personalization of Pens Grows in Demand
- Home Office: An Expanding Market Segment
- Women: A Major Home Office Users
- Despite Competition from Digital Technologies, Paper & Paper-Based Products Continue to Witness Steady Sales
- Eco-Friendly and Recyclable Office Stationery Products Rise in Prominence
- Driven by Digitization of Office Spaces, Demand for Computer and Printer Supplies on the Rise
- Rising Importance of Multichannel Marketing in Office Supplies and Stationery Market
- Manufacturers up their Marketing Strategies to Attract Customers
- Office Stationery & Supplies: Distribution Dynamics
- E-Commerce Emerges as an Expanding Distribution Channel for Office Stationery and Supplies
- IT Integration in Business Verticals and Evolution from Paper-Based Methods to Digital Platforms: A Key Challenge
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest Of Europe
- Asia-Pacific
- Australia
- India
- South Korea
- Rest Of Asia-Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest Of Latin America
- Middle East
- Iran
- Israel
- Saudi Arabia
- United Arab Emirates
- Rest Of Middle East
- Africa
IV. COMPETITION
- Total Companies Profiled: 283
For more information about this report visit https://www.researchandmarkets.com/r/veqszl