Product ID: UCMIG20M2002
Office Supplies Market Size, Share, Growth Analysis, By Product Type(Desk, Filling), By Application(Enterprises, Household), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20M2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Office Supplies Market Insights
Market Overview:
The size of the global office supplies market was USD 127.3 billion in 2020 and is predicted to increase from USD 130.5 billion in 2021 to USD 149.4 billion by 2028, showing a Compound Annual Growth Rate (CAGR) of 1.9% during the 2021-2028 period. The COVID-19 pandemic had a staggering and unparalleled effect globally, resulting in reduced demand for office supplies across all regions. Our analysis shows that the global office supplies market exhibited a lower growth rate of 58.56% in 2020 compared to the average year-on-year growth during 2017-2019. The projected increase in CAGR is due to the anticipated growth and product demand in the market, which is expected to return to pre-pandemic levels after the pandemic subsides.
Office Supplies Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Office Services & Supplies by segment aggregation, the contribution of the Office Services & Supplies in Commercial & Professional Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Office Supplies Market Report Snapshots
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