India School Stationery Supplies Market 2023: Size, Share, Growth, Outlook and Forecast 2028
According to the latest report by IMARC Group, titled “India School Stationery Supplies Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The india school stationery supplies market size reached US$ 2,240.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,204.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.06% during 2023-2028.
School stationery supplies are products used for writing, crafting, sketching, and making projects and assignments. They include pens, pencils, notepads, sketch pens, pencil cases, sharpeners, erasers, crayons, protractors, compasses, rulers, markers, and calculators. They are manufactured using materials, such as wood, metal, design papers, metal, marble, and cardboard. At present, they are used in schools, colleges, coaching institutes, and other educational institutions in India to cater to the evolving needs of learners.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Inflating disposable income and improving standards of living are among the key factors positively influencing the demand for stationery supplies in India. In addition, due to the growing environmental awareness among the masses, leading manufacturers are diversifying their product portfolio and introducing eco-friendly variants of school stationery supplies. They are also investing in licensed collaborations with television (TV) channels to print popular cartoon networks on their school stationery supplies and attract a wider consumer base. Furthermore, they are focusing on promotional activities through social media platforms and celebrity endorsements to strengthen their position in the Indian market. Moreover, the burgeoning e-commerce industry, which offers large-scale availability, doorstep delivery, exciting offers, and doorstep delivery, is driving the market.
Breakup by Product:
Paper Products
Writing Instruments
Computer and Printer Supplies
Others
Breakup by End-User:
K-12
Higher Education
Breakup by Distribution Channel:
Stationary and Book Shops
Supermarkets and Hypermarkets
Online
Others
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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