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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

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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.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

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

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Cineverse Appoints Rey Puentenegra as Vice President, Corporate Controller

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LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), an innovative streaming entertainment and technology company, today announced that it has hired Rey Puentenegra as Vice President, Corporate Controller. Leveraging over 20 years of combined experience across the Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions across Cineverse’s entire business. He will manage day-to-day operations of the accounting department while taking ownership of corporate accounting, regulatory and financial reporting, audit preparation, and the continual development of internal control policies and procedures. Puentenegra’s appointment is effective immediately, and he will report directly to Mark Lindsey, Chief Financial Officer of Cineverse.

For more than two decades, Puentenegra has been responsible for financial and accounting management, SEC reporting and technical accounting, IPO and SPAC consulting, and process systems implementation and optimization across public and private companies, Big 4 accounting firms, and the Public Company Accounting Oversight Board (PCAOB). Prior to joining Cineverse, Puentenegra served as Controller at YOUNGLA, a fitness and lifestyle apparel e-commerce company, where he oversaw the finance and accounting team as well as managed an outside accounting firm and the company’s primary banking relationship. He was responsible for developing and implementing the initial finance operations structure in addition to the company’s Enterprise Resource Planning. Throughout his career, Puentenegra has served in finance and accounting roles for KPMG, PricewaterhouseCoopers (PwC), Reading International, Global Eagle Entertainment, Corporate Finance Group, XOS, and Spatial Genomics. As Inspections Specialist at PCAOB, he inspected the audits of the Big 4 and mid-tier firms in both the U.S. and foreign jurisdictions.

In connection with his joining the Company, Puentenegra received stock appreciation rights (the “SARs”) for 85,000 shares of Cineverse’s Class A Common Stock (the “Common Stock”), having a ten-year term and an exercise price equal to $2.74, and vesting 1/3 on November 4 of each of 2025, 2026 and 2027. The grant of SARs is an inducement grant pursuant to NASDAQ listing Rule 5635(c)(4).

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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Cboe Global Markets Reports Trading Volume for October 2024

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CHICAGO, Nov. 5, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported October monthly trading volume statistics across its global business lines.

The data sheet “Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report” contains an overview of certain October trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Average Daily Trading Volume (ADV) by Month

Year-To-Date

Oct

2024

Oct

2023

%

Chg

Sep
 2024

%

Chg

Oct

2024

Oct

2023

Chg

Multiply-listed options (contracts, k)

10,793

11,230

-3.9 %

10,459

3.2 %

10,610

10,885

-2.5 %

Index options (contracts, k)

3,976

4,534

-12.3 %

4,130

-3.7 %

4,097

3,765

8.8 %

Futures (contracts, k)

187

292

-36.0 %

232

-19.6 %

243

227

6.7 %

U.S. Equities – On-Exchange (matched shares, mn)

1,289

1,376

-6.4 %

1,234

4.4 %

1,360

1,396

-2.6 %

U.S. Equities – Off-Exchange (matched shares, mn)1

77

81

-5.6 %

85

-9.1 %

78

81

-2.8 %

Canadian Equities (matched shares, k)

158,622

137,305

15.5 %

148,628

6.7 %

145,790

134,538

8.4 %

European Equities (€, mn)

10,534

9,277

13.6 %

10,121

4.1 %

9,681

9,498

1.9 %

Cboe Clear Europe Cleared Trades2 (k)

117,528

100,398

17.1 %

102,208

15.0 %

1,017,755

990,488

2.8 %

Cboe Clear Europe Net Settlements2 (k)

1,042

873

19.4 %

943

10.5 %

9,278

8,406

10.4 %

Australian Equities (AUD, mn)

777

719

8.0 %

891

-12.8 %

788

699

12.7 %

Japanese Equities (JPY, bn)

288

196

47.0 %

312

-7.5 %

315

174

80.5 %

Global FX ($, mn)

44,373

47,933

-7.4 %

48,096

-7.7 %

46,805

44,363

5.5 %

1 U.S. Equities – Off-Exchange ATS Block metrics restated to incorporate a tier of sell-side activity from July 2023 and forward, previously excluded from reporting.
2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. Asa of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades.

October 2024 Trading Volume Highlights

Cboe Europe

Cboe Europe Periodic Auctions reported a record average daily notional value (ADNV) of €2.5 billion, beating the previous record of €2.4 billion in September 2024.Cboe Clear Europe processed 117.5 million client trades in October, its highest monthly volumes in 2024. Additionally, it cleared its first trades on Deutsche Börse, introducing competitive clearing to the German market.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

 

Cboe Media Contacts

   Cboe Analyst Contact

Angela Tu 

Tim Cave

Kenneth Hill, CFA 

+1-646-856-8734 

+44 (0) 7593-506-719

+1-312-786-7559 

atu@cboe.com

tcave@cboe.com

khill@cboe.com

 

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor’s®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor’s or Cboe and neither Standard & Poor’s nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. 

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SOURCE Cboe Global Markets, Inc.

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Patrick Industries to Participate in Upcoming Baird Conference

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ELKHART, Ind., Nov. 5, 2024 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in Baird’s 2024 Global Industrial Conference on November 12, 2024.

Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The conference will be held at the Ritz-Carlton in Chicago.

Please contact Baird for attendance information and additional details. 

About Patrick Industries, Inc. 
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com

Forward-Looking Statements  
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. 

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SOURCE Patrick Industries, Inc.

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