According to a new report by Expert Market Research titled, ‘Global Office Supplies Market Report and Forecast 2020-2025’, the global office supplies market reached a value of almost USD 245.8 billion in 2019. The market is further expected to grow at a CAGR of 2.4% in the forecast period of 2020-2025 to attain approximately USD 283.3 billion by 2025.
The global office supplies market has the United States and Europe as the leading mature markets, driven by the emerging trend of online ordering, which has enhanced the market growth. The suppliers of the office supplies industry are improving their supply capability by welcoming more products, investing more in the company’s online portals, coupled with increasing geographical scope, invigorating the market growth further. Reusable notebooks and dry erase boards, among others, are the potential enhancers of the office supply market as they are created from recycled materials. Office supplies are an array of products, involving consumables and equipment, used regularly in offices by individuals, businesses, or others whose
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Amazon Inc (NASDAQ: AMZN) and Office Depot, Inc. (NASDAQ: ODP) are some of the key players in the global office supplies market. In 2019, Amazon announced a ‘smart’ shelf that buys the new office supplies automatically when the stock is running short. These new smart shelves have built-in scales that have the ability to automatically reorder office supplies for small businesses when the stock is running low. The Amazon Dash Smart Shelf alerts when the stock is running low as it is a new scale that doubles as a shelf for the office supplies so when the weight decreases, it recognizes when the stock is low and reorders the supplies from Amazon automatically.
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Market Breakup by Region:
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Competitive Landscape & Supplier Analysis:
- Staples Inc.
- Office Depot, Inc.
- Lyreco Group
- Amazon Inc.
- Marken Limited
- Deli
- Arcadia Technologies Private Limited
- Ryman
- Others
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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