Technology

Office Stationery and Supplies B2B Market to Grow by USD 20.5 Billion by 2028, Driven by Business Expansion and AI-Powered Market Evolution- Technavio

Published

2 months ago

September 30, 2024

NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global office stationery and supplies b2b market size is estimated to grow by USD 20.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 1.96% during the forecast period. Increasing business expansion in office stationery and supplies products is driving market growth, with a trend towards increasing demand for recyclable stationery products. However, increasing use of digital platforms in offices poses a challenge. Key market players include 3M Co., ACCO Brands Corp., Alibaba Group Holding Ltd., Amazon.com Inc., ANTARK INTERNATIONAL PVT LTD, Best Buy Co. Inc., Costco Wholesale Corp., Exacompta Clairefontaine SA, Farook International Stationery, Jarir Marketing Co., Lyreco SAS, Middle East Stationery and Trading Co., PBS Holding AG, SOCIETE BIC, Sycamore Partners, Target Corp., The Hamelin Group Holdham, The ODP Corp., Walmart Inc., and WH Smith PLC.

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Office Stationery And Supplies B2B Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 1.96%

Market growth 2024-2028

USD 20.5 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

1.49

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

3M Co., ACCO Brands Corp., Alibaba Group Holding Ltd., Amazon.com Inc., ANTARK INTERNATIONAL PVT LTD, Best Buy Co. Inc., Costco Wholesale Corp., Exacompta Clairefontaine SA, Farook International Stationery, Jarir Marketing Co., Lyreco SAS, Middle East Stationery and Trading Co., PBS Holding AG, SOCIETE BIC, Sycamore Partners, Target Corp., The Hamelin Group Holdham, The ODP Corp., Walmart Inc., and WH Smith PLC

Market Driver

The global office stationery and supplies B2B market is witnessing a significant trend towards the use of recyclable stationery products. This shift is in response to growing environmental concerns and increasing awareness among corporates about the adverse effects of non-recyclable materials on the environment. Vendors in the market, such as Staples, ODP Corp. (Office Depot), and Amazon.com, are meeting this demand by manufacturing and offering a wide range of recycled stationery products. These include recycled paper products like office papers, letterhead papers, cotton and linen business papers, paper pads, sketch pads, and notebooks, as well as recycled plastic products like cardboard boxes, paper rolls, recycled stainless steel scissors, and paper bags. Companies like Staples offer free recycling services for unwanted stationery and electronics products. ODP Corp. Has an exclusive category for eco-friendly and recycled stationery, while Amazon.com offers a variety of recycled stationery items. This increasing demand for recyclable stationery products is driving the growth of the global office stationery and supplies B2B market.

The Office Supplies industry encompasses Paper Products, Writing Instruments, Office Furniture, and various Desk Supplies like Notebooks, Copy Paper, Printer Paper, Envelopes, Notepads, Pens, Pencils, Markers, Staplers, Scissors, Rulers, Tape Dispensers, Desk Organizers, Stamps, Labels, Packaging Materials, Bubble Wrap, and Mailing Tubes. E-commerce platforms and Digital Procurement Systems have significantly impacted the B2B market, allowing businesses to buy these supplies online with ease. However, challenges like offline vs online, trade barriers, tariffs, non-tariff barriers, geopolitical tensions, and trade disputes can affect the industry. Supplies for Computers/Printers, Filing, Binding, Time Tracking, Hanging, Identification, and various other categories are also essential. Despite these challenges, the market continues to grow, with trends like sustainability and innovation shaping the future.

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Market Challenges

The office stationery and supplies B2B market faces a significant challenge due to the increasing digitization of work environments. Traditional office supplies, such as paper and fax materials, have seen decreased demand as a result of advances in technology. Digital gadgets, like computers, laptops, and smartphones, have become more convenient, faster, and efficient for storing, editing, and transferring files and data. Office communication primarily occurs through these devices, reducing the need for traditional office stationery. Cloud services enable employees to store and share documents virtually, diminishing the demand for physical files and folders. Digital tools like Microsoft Office, which includes Outlook, OneDrive, Word, Excel, PowerPoint, OneNote, SharePoint, Microsoft Teams, and Yammer, have become indispensable. These software solutions facilitate drafting and sharing information, hosting meetings, connecting and chatting with colleagues, managing calendars, and securely sharing documents and sending emails. They also allow for syncing office files and mobile devices and planning schedules and tasks with teams. As a result, offices and businesses can perform office activities at a lower cost using digital gadgets, making traditional office stationery less necessary. This trend is expected to continue, posing a challenge to the global office stationery and supplies B2B market during the forecast period.In the B2B market for office stationery and supplies, challenges abound. Scissors, rulers, tape dispensers, desk organizers, stamps, labels, packaging materials, bubble wraps, mailing tubes, and more are essential desk supplies and mailing supplies. However, sourcing these items globally presents hurdles. B2B marketplaces offer convenience, but trade barriers such as tariffs and non-tariff barriers pose challenges. Geopolitical tensions and trade disputes can lead to retaliatory measures and trade sanctions. Offline and online sales face different obstacles. Stationery/mailing supplies, computer/printer supplies, filing supplies, binding supplies, time tracking supplies, and identification supplies are all critical categories. Down feather comforters, apparel, and customized office stationery are sometimes included. Recyclable stationery products are a growing trend. Navigating these challenges requires strategic sourcing, understanding of market dynamics, and staying informed about trade policies. Online sales present opportunities, but offline channels remain significant. Adapting to changing consumer preferences and market trends is key.

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Segment Overview

This office stationery and supplies b2b market report extensively covers market segmentation by

Distribution Channel1.1 Offline1.2 OnlineType 2.1 Paper products2.2 Desk supplies2.3 Computer and printer supplies2.4 Stationery and mailing supplies2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- Office stationery and supplies are essential elements for businesses to operate efficiently. These items include paper, pens, pencils, folders, binders, and other necessary items. The B2B market for office stationery and supplies is significant, with businesses purchasing in bulk to maintain a well-stocked inventory. Suppliers offer various options, including custom branding and volume discounts, to cater to the unique needs of businesses. Effective communication and reliable delivery are crucial in this market to ensure customer satisfaction.

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Research Analysis

The Office Supplies industry encompasses a wide range of products essential for running an office efficiently. Key product categories include Paper Products such as Notebooks, Copy paper, Printer paper, and specialized papers. Writing Instruments like pens, pencils, and markers are another significant segment. Office Furniture like desks, chairs, and filing cabinets complete the physical office setup. E-commerce platforms and Digital Procurement Systems have revolutionized the way businesses buy Office Supplies. These platforms offer convenience, competitive pricing, and a vast selection of products. Customized office stationery adds a personal touch to branding efforts. Down to the basics, Office Supplies include essentials like paper clips, staples, and envelopes. Desk Supplies like paper cutters, paper shredders, and desk organizers help maintain an orderly workspace. In today’s market, both Offline and Online sales coexist. While Offline sales through retail stores and distributors continue, Online sales have gained significant traction due to their convenience and accessibility. Writing instruments come in various types, including Ballpoint Pens, Gel Pens, Felt Tip Pens, and Markers. Notable sub-categories are Feather Pens and Comforters, which offer unique writing experiences. Apparel, while not traditionally considered office supplies, can be included in corporate branding efforts through customized uniforms or promotional items.

Market Research Overview

The Office Supplies industry encompasses a wide range of products essential for business operations. Key product categories include Paper Products such as Notebooks, Copy Paper, Printer Paper, Envelopes, and Notepads. Writing Instruments like Pens, Pencils, Markers, and Stylus are also in high demand. Office Furniture and Desk Supplies like Desk Organizers, Staplers, Scissors, Rulers, and Tape Dispensers are necessary for creating an efficient workspace. E-commerce platforms and Digital Procurement Systems have revolutionized the B2B market, making it easier for businesses to purchase Office Stationery and Mailing Supplies online. Products like Labels, Packaging Materials, Bubble Wrap, and Mailing Tubes are increasingly being ordered digitally. B2B marketplaces offer a vast selection of Office Supplies, including Desk Supplies, Stationery/Mailing Supplies, Computer/Printer Supplies, Filing Supplies, Binding Supplies, Time Tracking Supplies, and Supplies for Hanging and Identification. Offline sales still play a significant role, but Online sales are growing rapidly due to their convenience and accessibility. Trade barriers, Tariffs, Non-tariff barriers, Geopolitical tensions, and Trade disputes can impact the industry, leading to Retaliatory Measures and Trade Sanctions. Customized office stationery and Recyclable stationery products are gaining popularity due to their environmental benefits.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineTypePaper ProductsDesk SuppliesComputer And Printer SuppliesStationery And Mailing SuppliesOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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 17,000 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

PASHA Holding forges global connections at COP29

Published

21 minutes ago

November 23, 2024

BAKU, Azerbaijan, Nov. 23, 2024 /PRNewswire/ — PASHA Holding, a leading Azerbaijani company, successfully participated at COP29, reaffirming its dedication to climate action. As an Impact Partner at the event, PASHA Holding actively engaged in meaningful discussions, collaborated with global stakeholders, and shared its vision for a sustainable future.

The holding’s presence included a tailored booth in the Green Zone, alongside multiple thought-provoking sessions led by PASHA Holding companies, including PASHA Bank, Kapital Bank, PASHA Insurance, PASHA Life, AgroDairy, and PASHA Real Estate. These sessions addressed critical issues such as climate finance, sustainable agriculture, and the role of private sector leadership in fostering inclusive green transitions.

Through its participation, PASHA Holding leveraged the opportunity to exchange ideas, build relationships with regional and global peers, and learn from diverse experiences in tackling climate challenges. By engaging with stakeholders from government, international organizations, and the private sector, PASHA Holding enhanced its capacity to drive sustainable development initiatives in Azerbaijan and beyond.

Aytaj Mukhtazada, Head of PR and Communications at PASHA Holding, remarked:

“COP29 has been an extraordinary platform for us to amplify our sustainability vision and forge valuable connections. The insights gained and partnerships established here will enable us to align our strategies with global climate objectives while addressing the unique needs of our region. This experience underscores the importance of collaboration in creating impactful, long-term solutions to the challenges we all face.”

Key elements of PASHA Holding’s sustainability strategy include minimizing the environmental impact of its own operations, investing in projects that support the transition to net zero, and investing in technological innovation to address the challenges presented by climate change. In the near future, the group plans to conduct comprehensive diagnostics and gap analysis across its subsidiaries to set specific goals to decrease our carbon footprint, including supply chain, support the customers in their transition journeys and increase investments in green initiatives. Additionally, PASHA is committed to empowering its stakeholders through education and collaboration, ensuring that sustainability is embedded across the wider economy. These plans include supporting the development of a sustainable SME landscape in the country, aiding farmers in their green transition, and supporting innovation for developing decarbonization solutions.

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SOURCE PASHA Holding

Technology

Global Times: China vows to promote steady growth of foreign trade

Published

1 hour ago

November 23, 2024

BEIJING, Nov. 23, 2024 /PRNewswire/ — Officials from five Chinese departments including the Ministry of Commerce (MOFCOM), the Ministry of Foreign Affairs and the People’s Bank of China vowed to promote the steady growth of foreign trade at a press conference held on Friday in a move experts said is part of a package of policy measures to inject impetus and confidence into stabilizing the economy and help realize its annual economic targets.

Meanwhile, at the same press conference, the vice commerce minister highlighted China’s capacity in dealing with external shocks in the first explicit, publicly known response by a senior commerce official to the impact of the US’ potential 60 percent tariffs on Chinese imports. He stressed tariffs will only lead to high costs for consumers, and a stable, healthy and sustainable development of China-US economic and trade relations will benefit peoples of both countries and the world.

The press conference came after MOFCOM, together with the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the People’s Bank of China and the General Administration of Customs rolled out nine measures to support foreign trade, involving support and guidance in insurance, financing, cross-border trade settlement, expanding scope on imports and exports, optimization of trade structure, visa facilitation and transportation.

Analysts noted that the latest move will further enhance the confidence of Chinese foreign trade enterprises, thereby injecting a stable and strong impetus to economic development, helping the country navigate the complexities of the global market.

Policy support

During the press conference, Chinese Vice Commerce Minister Wang Shouwen noted that the policy is aimed at responding to changes in the international trade situation and promoting solutions to practical difficulties faced by foreign trade enterprises in financing and maritime transport.

The raft of policy measures aimed at promoting the steady growth of foreign trade was deliberated and adopted by a State Council executive meeting on November 8.

The Ministry of Commerce on Thursday unveiled the policy measures in a notice. Among the nine specific measures, financial institutions are encouraged to increase financing support for micro, small and medium-sized companies based on market-oriented and law-based principles.

Efforts should be made to optimize cross-border trade settlement, promote the development of cross-border e-commerce, expand agricultural product exports, and support the imports of key equipment and energy resources, said the notice.

The overall situation of China’s foreign trade is relatively optimistic, but at the same time we should also see that uncertainties continue to accumulate. Maintaining stable growth in foreign trade and sustained improvement in competitiveness cannot be separated from policy support, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, said on Friday.

“The timely joint efforts by five Chinese departments enhanced the confidence and expectations of Chinese foreign trade enterprises, and the measures will effectively help address problems of current foreign trade and future uncertainties,” Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Friday.

Stable growth in foreign trade can provide more impetus for the domestic economy. The nine measures are part of a package of policy measures to inject growth momentum and confidence into stabilizing the economy, which will help realize the country’s annual economic targets, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, said on Friday.

“Consumption, investment, exports and market sentiment all improved in October, and this trend is highly likely to continue in the last two months of the year, as the confidence of enterprises and consumers has been shored up thanks to the support policies,” Wang Peng told the Global Times.

Resilient against external shocks

At the press conference on Friday, Wang Shouwen also stressed that China has the capacity in dealing with external shocks largely owing to its resilient and vibrant economy that has great potential in a response to a question on the impact of the US’ potential 60 percent tariffs on Chinese imports.

China is building a “dual circulation” development pattern, which takes the domestic market as the mainstay while allowing domestic and international markets to reinforce each other. We are capable of resolving and withstanding the impact of external shocks, the official told reporters.

Wang Shouwen noted that history has also shown that the imposition of tariffs on China by a country does not solve the problem of its own trade deficit, on the contrary, it pushes up the prices of the country’s imports from China as well as from other countries.

This is because the tariffs are ultimately paid for by the consumers and the end-users of the importing country, which inevitably leads to an increase in the prices paid by consumers and an increase in the costs to the users, which also leads to inflation, the vice commerce minister further elaborated.

The vice commerce minister said that China and the US are the two largest economies in the world, and have strong complementarities. We believe that if China and the US can maintain a stable, healthy and sustainable development trend in their economic and trade relations, it will be beneficial to both the Chinese people and the American people, as well as the people of all countries in the world, and this is also what the international community expects, he said.

China is willing to engage in dialogue with the US on the basis of the principles of mutual respect, peaceful coexistence and win-win cooperation, in a bid to expand areas of cooperation, manage differences, and promote the stability of the bilateral trade and economic and trade relationship, Wang Shouwen said, noting that China will also firmly safeguard its own sovereignty, security and development interests.

Chinese companies have advantages in ordering, transportation, warehousing and other export-related areas that are difficult for other countries to replace, due to their complete supply chain and high production efficiency, Li said.

“Moreover, the country’s economic resilience provides enough market size to address some of the external risks. In particular, China has continued to promote new dynamics in foreign trade and new quality productive forces, which will cultivate new international competitive advantages,” Li noted.

“Years of China-US trade and investment have made the two sides interdependent. In addition to providing US consumers with cost-effective products, China’s exports of its intermediate products have become embedded in the US supply chain and have become part of the competitiveness of many US industries,” Li said, noting that the US needs to maintain rationality in its economic and trade policy toward China.

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SOURCE Global Times

Technology

ZICC: Closer China- Honduras Ties

Published

1 hour ago

November 23, 2024

BEIJING, Nov. 23, 2024 /PRNewswire/ — Renato Florentino, vice president of Honduras, accepted an exclusive interview with ZICC in Wuzhen during the 2024 World Internet Conference Wuzhen Summit. He said that China’s advancements in transportation, communication, and computing impressed him a lot. “We hope to continue to promote the cooperation between Honduras and China and maintain close cooperative relations,” he said.

SOURCE ZICC