About this market
There has been an increase in the number of recognized educational institutions in the last few years. especially in emerging countries such as India and China. The rapid development in educational infrastructure and increase in government initiatives to promote student enrolment in educational institutions have been key drivers for the increased number of schools. colleges. and universities in these countries. The rise in disposable income among parents in these rapidly emerging economies and the improvement in the quality of education will aid the increase in student enrolment and adoption of educational resources in the coming years. Subsequently. this will continue to fuel the demand for school stationery supplies during the forecast period. analysts have predicted that the school stationery supplies market will register a CAGR of over 3% by 2023.
Market Overview
Growing emphasis on product personalization
Several vendors offer notebooks, pens, pencil cases, book covers, labels, and other school stationery incorporated with a high degree of personalization to connect better with student consumers. Thereby connecting with and instilling a sense of ownership among students. The growing emphasis on product personalization is expected to continue to boost the growth of the global school stationery supplies market during the forecast period.
Increased adoption of digital education
The rapid penetration of cell phones and tablets and growing consumer demand for customized learning have increased the focus on digital content in educational institutions. This has subsequently affected the sales of traditional writing equipment and paper-based stationery such as notebooks over the last few years. The growing adoption of mobile devices as a preferred platform for educational content will continue to hamper the growth of the global school stationery supplies market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the school stationery supplies market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’