The continuous improvement of literacy rates, the enhancement of consumers’ healthy lifestyle, fashion consciousness, consideration of personal grooming and extended lifespan, plus improvements in conditions and distribution channel development in rural areas, has all created opportunities for expansion of the stationary market. In Non-Paper Stationary Market, rivalry drives the market crazy for new products; it has its positive side too, as this way the consumer can get the best product he wishes for, in different price ranges. Indian buyers are price sensitive but are ready to spend more if dependable products are offered. However, the buying behaviour of the consumer towards non-paper stationery products is that of rawness about the variety of products or the correct usage of the product available in the market. This is on account of the offer of the chaotic players in the business is significantly higher than the sorted out players.
According to the report on ‘India Non-Paper Stationary Market Outlook, 2023’ published by Bonafide Research, India overall non-paper stationary market is expected to grow with a CAGR of 8% over reviewing period from year 2017-18 to 2022-23. The total market of stationary is made from paper stationary and non-paper stationary products. Paper stationary market is further segmented into products for office use and non-office use. Non-paper stationary segment covers products such as writing instruments, office products, colours and other adhesive & technical instruments. Writing instrument contains Pens, Pencils and other. In Writing instrument Market, Pen Segment Market is dominating followed by Pencil. Leading companies in Writing Instrument has major market share includes BIC Cello, Linc, Flair etc.
In short, stationary market includes products like, notebooks, paper for office, pens, non paper for office, pencils, colours and much more types. Among this entire category, apart from dominating paper stationary, non paper stationary category has contributed less than 40 percent market share. Further, writing instrument has chunked the largest pie of the non-paper stationary market with segment likewise, pen, pencil and others. All these lead to one conclusion that evolving digitalisation is not yet proving a threat to the stationary products, considering the potential growth of the market.
To download page: https://www.bonafideresearch.com/download_page.php?product_code=180710521
In India, though stationery is largely retailed through local or small players, the industry is gradually moving towards the organised mould. The non-paper stationary market has witnessed phenomenal growth over the past couple of years. Growth beyond its set boundaries of writing instruments, stationary today includes a huge gamut of products across various ranges. Additionally pushing the business on a development direction is the inundation of enormous and famous players. Indeed, even the top of the line extravagance brands, which were prior constrained to the openings of select showrooms, have advanced into bigger retail outlets, in this way discovering more takers.” The buyers dealt with, like a ruler today. Likewise, the governments focus on expanding education wherever has helped the development of the non-paper stationery market in India.
Furthermore, Developing economy, rising disposable income of individuals, growing awareness of importance of education and much more reasons are there to spend more on stationary products. Further, increasing number of schools, colleges and offices also indicate the more consumption of non-Paper stationary products. In addition, increase in population of country show the huge potential for market growth of non-Paper stationary market.
Table of Content
1. Executive Summary
2. India Non-paper Stationary Market Outlook
3. Trade Dynamics
4. Market Dynamics
5. Market Trends & Development
6. Government Initiative in India Education Sector
7. PEST Analysis
8. Indian Economic Profile
9. Competitive Landscape
10. Strategic Recommendation
Ask for a sample report: https://www.bonafideresearch.com/samplereport/180710521/India-Non-Paper-Stationary-Market-Outlook-2023
Major companies that operate into the stationary market in India are ITC Limited, Doms Industries Private Limited, BIC Cello (India) Private Limited, Kokuyo Camlin Limited, Hindustan Pencils Private Limited, The West Coast Paper Mills Limited, Navneet Education Limited, Flair (India) Private Limited, Sundaram Multi Pap Limited, J K Paper Limited, Linc Pens & Plastic Limited.