Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "U.S Office Stationery Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
This detailed study presents an extensive assessment of the market, focusing on the period from 2023-2028, and offers valuable insights into the current trends, growth drivers, and market dynamics that are shaping the future of office stationery in the United States.
With the market value estimated at $45.2 billion as of 2022, the report suggests that the sector is expected to reach a value of $50.62 billion by 2028, demonstrating a steady Compound Annual Growth Rate (CAGR) of 1.90%. This growth is attributed to factors such as the increasing preference for eco-friendly and personalized stationery items, the expansion of small and medium-sized enterprises (SMEs), as well as the rising trend of gifting stationery among corporate entities.
Key Market Insights and Forecast Projections
- The surge in demand for electronic office supplies, driven by digital transformation within the workplace, is a significant factor propelling market growth.
- An emergent trend in the industry is the demand for smart labels, which facilitate improved inventory management and asset tracking within office environments.
- The market has seen a heightened preference for interactive stationery items, such as 3D printing pens and luminous sticky notes, among others.
- Customization and personalization continue to remain hot trends for the market, with significant demand observed for bespoke stationery items to mark corporate milestones and celebrations.
The report highlights leading players in the market, including Amazon.com, Inc., Costco Wholesale Corporation, Office Depot, LLC., Staples, Target, and Walmart, which have established a strong market presence in the US. A list of other prominent vendors features major industry stakeholders such as 3M, ACCO Brands, and Alibaba Group Holding Limited.
Segmentation and Market Structure
The research provides insights into various segments of the market, including product types such as paper products, general stationery supplies, binder items, and filing cabinets, along with electrical supplies. Furthermore, the report elucidates on market segmentation based on office size, differentiating between SME and large office requirements, and discusses distribution channels, outlining the role of both offline and online stores.
The study goes on to detail the competitive landscape of the US office stationery market and offers a strategic analysis of the market dynamics that are influencing competition and vendor performance.
Market Analyst Perspectives
According to market analysts, the demand for sustainable and recyclable office stationery is on an upward trajectory, driven by large offices' commitment to environmental responsibility. The interest in smart office supplies is predicted to further catalyze market growth as offices continue to become more tech-centric.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 64 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $45.2 Billion |
| Forecasted Market Value (USD) by 2028 | $50.62 Billion |
| Compound Annual Growth Rate | 1.9% |
| Regions Covered | United States |
A selection of companies mentioned in this report includes:
- Amazon.com, Inc.
- Costco Wholesale Corporation
- Office Depot, LLC
- Staples
- Target
- Walmart
- 3M
- ACCO Brands
- Alibaba Group Holding Limited
- Billerud AB
- Global Industrial Company
- M&G Holding Group Co. Ltd.
- Paper Source
- Rifle Paper Co.
- Shoplet
- Uline
- Aurora Corp. of America
- Acme United Corporation
- Avery Dennison Corporation
- Best Buy
- Concord Supplies
- Dunder Mifflin Paper Co.
- Ennis
- W. W. Grainger
- Mohawk Fine Papers Inc.
- Office 1 Superstore
- Sugar Paper
- Brother International Corporation
- Crayola
- American Greetings
- Vistaprint
- Pentel
- Veritiv Corporation
For more information about this report visit https://www.researchandmarkets.com/r/cu8er5
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