Office Supplies Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global office supplies market reached a value of about USD 251.7 billion in 2021. The industry is projected to grow at a CAGR of around 2.4% in the forecast period of 2022-2027 to reach a value of about 290.14 billion by 2027.

The global office supplies industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. An increase in corporate workplaces is primarily driving the office supplies market. The high expenditure on office supplies paired with the rise of start-ups has aided in the development of office stationery. The critical demand indicator is the highest category spender in the industry report by region—the United States and Europe.

Industry Definition and Segmentation

Office supplies include consumables and equipment that are often utilised regularly in an office environment to complete the daily job assignments of departmental workers. These include Pens, writing paper, notebooks, post-It notes, scissors, erasers, and staplers. The office supplies industry report comprises segments by region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

North America, Europe, Asia Pacific, Middle East & Africa, and South America Regions are Driving the Growth of the Industry

The mature markets for office supplies include the United States and Europe. Outside of Europe and North America, the office supply industry is largely fragmented, with low maturity levels among customers and providers. Buyers want to consolidate their supply base in APAC, Africa, and the Middle East, but it's tough since global office solutions vendors don't have a significant presence in these regions.

The increase in corporate workplaces is driving the demand for office supplies. In addition, the rise in start-up culture has aided in the development of the office stationery industry. The market is fuelled by the integration and automation of IT and industry, which has increased demand for computer and printer supplies, boosting the market's development. The growing trend of customised stationery like a personalised pen with the employee’s name and business name engraved on the top of the cover or a notebook, etc., further propels the industry's expansion.

The stringent rules imposed by the United States and the European Union on energy efficiency and labelling of office equipment paired with the increased digitalisation are acting as market restraints.

Best Procurement Practices

The global office supplies industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global office supplies regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

All types of companies in various industry require office supplies, including food and beverages, higher education, health care and pharmaceuticals, technology, oil and gas, retail among others. The office supplies can be procured by direct, indirect and supply chain procurement. In the direct procurement, the office supplies consist of those items that help the companies build the final product (goods for sale). Goods that are not for resale and help the buildings operating and keep on moving ahead come under indirect procurement and the third type of procurement is supply chain which helps the companies study and find out inefficiencies while sending and receiving goods and assist them to make the process as effective as possible.

Various Initiatives by Manufacturers, Further Driving the Procurement of Office Supplies

The worldwide office equipment market is likely to be driven by increased research and development spending. The rise of multinational corporations in the Asia-tertiary Pacific sector will provide significant opportunities for the office equipment and supplies industry. The launch of developed and technologically upgraded models is an important development strategy for product developers in the worldwide office equipment industry. Consumer preference has shifted to new printers that improve colour output at a reduced per-unit cost while also adding features. In industrialised nations, eco-friendly items are becoming more popular, and most service providers are looking to diversify their product offerings. Green efforts and increased company use of recyclable stationery goods will be a key driver, particularly in developed nations, driven by growing awareness of the negative environmental effect of non-recyclable materials like plastics.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Office Supplies Industry Report.

• Staples Inc.
• Office Depot, Inc.
• Lyreco Group
• Amazon Inc.
• Marken Limited
• Deli
• Arcadia Technologies Private Limited
• Ryman

Market Landscape

Worldwide manufacturers like Xerox Corporation, Canon Inc., and HP, among others, dominate the global office equipment industry. The leading players with substantial revenues and significant market share benefit from a vast distribution network and convenient availability of these well-established brands. The market is very competitive, with global and regional companies. Expansions are the most commonly used method.

Key Initiatives by Companies

• January of this year: As demand for photocopiers declines, Fujifilm will take over Xerox. People have resorted to emailing papers and scanning documentation with their cellphones, reducing the need for copiers and printers throughout the world.
• Office Depot, Inc. (NASDAQ: ODP) agreed to sell its Mainland China operations to Shanghai M&G COLIPU Office Supplies Co., Ltd. in June 2017.