The global office supplies market was valued at more than USD199 billion in 2016 and is expected to surpass USD233 billion by 2021
Procurement market intelligence analysts have announced its latest market research report on office supplies for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global office supplies market during the forecast period. Some of the top vendors listed in this industry analysis include Staples, Office Depot, and 3M.
In terms of geographical analysis, the Americas dominated the global office supplies market during 2016 by accounting for around 63% of the overall market share.
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According to Angad Singh, a category specialist at Technavio for research on category spend intelligence, “Multichannel marketing is gaining traction among suppliers in the global office supplies market. Players in the market are leveraging platforms, both online and offline, to gain market shares. The growth of online shopping is prompting office supplies providers to market and sell their offerings on their own and other online platforms.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increase in use of digital office solutions
The global market is currently experiencing an upsurge in the demand for digital office solutions such as computers, printers, and photocopiers owing to IT integration and industry automation. The rise in demand for digital office solutions is, in turn, fueling the demand for various computer/printer supplies such as toner cartridges and inks. The toner cartridge market was the largest contributor in the office supplies category in 2015 and is likely to experience substantial growth during the forecast period.
Setting up of new offices and facilities
Economic development and relaxation of trade barriers across regions has paved the way for geographic expansion of MNCs and an increase in the number start-ups. The rise number of office facilities is propelling the demand for office suppliers in the global market. For instance, more than 500,000 new businesses were started in the US alone during 2015.
Recyclable office supplies
Increased focus on sustainability and conservation is resulting in an upsurge in the demand for eco-friendly office supplies. Suppliers in the market are focusing on providing recyclable and eco-friendly supplies to meet this shift in consumer preference. For instance, the supply market has been innovating to manufacture eco-friendly products such as recycled sticky notes, recyclable dispensers, and furniture made from recycled content.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Office Supplies Market – Procurement Market Intelligence 2017.’
