According to the latest report released by IMARC Group, the global school supplies market size reached US$88.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach 111.1 billion US dollars by 2027, growing at a CAGR of 3.7% in 2022-2027. .
School supplies are an integral part of a student’s life. They are widely used to help users perform basic tasks, such as writing, drawing, and crafts. Some of the most commonly used stationery supplies include pencils, papers, pens, erasers, pencils, highlighters, sharpeners, notebooks, sketch pens, and pencil boxes. Made from a variety of materials including wood, paper, graphite, plastic and metal, these items are available in a variety of sizes, qualities and designs. Several high-quality stationery items are also available that offer added durability with different color schemes and price ranges.
COVID-19 Impact Analysis
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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The increasing investments for the development of educational infrastructure represent one of the main factors for the growth of the market. With this in mind, the growing number of recognized academic institutions, including schools, is driving the demand for durable and high-quality stationery supplies.
Moreover, the emerging trend of product customization is creating a positive outlook for the market. Several market players are launching notebooks, book covers, labels and pencil cases with customizable designs, which are widely gaining popularity among students. In addition to this, marketing strategies, such as collaborations with popular cartoon channels to launch character products that appeal to young people, act as another major growth factor.
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Competitive scenario with key players:
The competitive landscape of the market has also been analyzed with some of the key players being
Some of the major market players are: PILOT BANCSHARES INC (PLBN), KOKUYO CAMLIN LTD (KOKUYOCMLN.NS), Newell Brands Inc. (NWL), Societe BIC (ENXTPA:BB), Acco Brands Corporation (ACCO), ADVEO GROUP INTERNATIONAL , SA (ADV.MC), Ardent Group, El Corte Ingles, Herlitz, Kaut-Bullinger, Lyreco, Metro, Ryman Group, WH SMITH PLC ORD 22 6/67P (SMWH.L), etc.
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