New York, April 11, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Office Supplies (Except Paper) Global Market Report 2023" - https://www.reportlinker.com/p06320387/?utm_source=GNW
Major players in the global Office Supplies (Except Paper) market include ACCO Brands, Adelaide Hills Stationery, Bulk Office Supply, Euroffice, and Office Depot.
The global office supplies (except paper) market will grow from $63.22 billion in 2022 to $66.22 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The office supplies (except paper) market is expected to grow from $77.01 billion in 2027 at a CAGR of 3.8%.
The Office Supplies (Except Paper) market includes revenues earned by entities by producing materials and equipment that are frequently used in offices by companies and other organisations.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
Office Supplies (Except Paper) refers to the process of producing office supplies (except paper).Office supplies (except paper) refer to products made by the establishments such as pens, pencils, felt tip markers, crayons, chalk, pencil sharpeners, staplers, modeling clay, hand-operated stamps, stamp pads, stencils, carbon paper, and inked ribbons.
These products are used by office staff.
Asia-Pacific was the largest region in the Office Supplies (Except Paper) market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main types of Office Supplies (Except Paper) are business forms, stationery, storage containers, and other types.Stationery refers to the items such as scales, pends, and pencils that are used for office purposes.
The various product types include desk, filling, binding, computer or printer and others which are used in different applications such as enterprises, household, educational institutions and others.
The growth in the Office Supplies (Except Paper) market is due to emerging market growth, a rise in disposable income, and technology development.The rise in disposable income is expected to propel the growth of the office supplies market going forward.
Disposable income refers to the amount of money left to spend and save after income tax has been deducted.Because of the increase in disposable income, people choose to buy different types of office supplies which are used for writing and reading purposes.
For instance, according to trading economies, a US-based company provides information about economic indicators, exchange rates, and stock market indexes. Disposable Personal Income in India increased the US $ 3017266.44INR Million in 2021 which is US $ 2525496.31 Million in 2020. Therefore, an increase in disposable income is driving the growth of the perishable prepared food manufacturing market.
Technological advancement has emerged as a key trend gaining popularity in the office supplies market.Major companies operating in the office supplies market are focused on innovating new technologies to sustain their position in the market.
For instance, in May 2022, The NPD Group, a US-based market research company, launch of its office supplies retail tracking service in Canada.The service will include point-of-sale statistics, including details on market size, market share, and consumption.
Additionally, clients will have access to extensive market views, including the Top-Selling Items and Average Selling Prices to Align with Consumer Spend.
In June 2022, Prosource, a UK-based company that manufactures office supplies, acquired VanDyke Inc. for an undisclosed amount. This acquisition helps Prosource to enter and expands its business in the US market. VanDyke Inc. is a US-based company that manufactures office supplies products.
The countries covered in the Office Supplies (Except Paper) market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The Office supplies (except paper) market research report is one of a series of new reports that provides Office supplies (except paper) market statistics, including Office supplies (except paper) industry global market size, regional shares, competitors with a Office supplies (except paper) market share, detailed Office supplies (except paper) market segments, market trends and opportunities, and any further data you may need to thrive in the Office supplies (except paper) industry. This Office supplies (except paper) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06320387/?utm_source=GNW
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