LONDON--(BUSINESS WIRE)--The school stationery supplies market size is expected to post a CAGR over 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The growing emphasis on product personalization is one of the major reasons for the growth of the market. Several vendors are offering notebooks, pens, pencil cases, book covers, labels, and other school stationery incorporated with a high degree of personalization to connect better with student consumers. Rapid development in printing technology and software have enabled vendors to provide highly customizable designs, thereby connecting with and instilling a sense of ownership among students. Furthermore, vendors offer product personalization to inculcate an emotional dimension to their product at virtually no additional cost to the consumer.
To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30658
As per Technavio, the innovations in products such as notebooks will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
School Stationery Supplies Market: Product Innovations in Notebook
There is intense competition among vendors in the global school stationery supplies market due to the fragmented nature of the market and largely undifferentiated nature of products. This has resulted in a growing emphasis on product innovation in school stationery supplies over the last few years. Vendors are incorporating innovation not only in writing and computer-based stationery supplies but also in paper products. In January 2018, ITC announced that they are developing augmented reality (AR) techniques for their Classmate brand of notebooks. Such innovations will drive the growth of the market during the forecast period.
“Apart from product innovations in notebooks, other factors such as the rising popularity of omnichannel retail, and the shift of production facilities to emerging economies will have a positive impact on the school stationery supplies market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 10,000+ market research reports.
Technavio's SUBSCRIPTION platform
School Stationery Supplies Market: Segmentation Analysis
This market research report segments the school stationery supplies market by product (paper products, computer, and daily use stationery products, writing instruments) and geographical regions (APAC, Europe, North America, South America, MEA).
The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its lead and register the highest incremental growth, due to the rapid growth of the education sector in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.