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Dublin, October 30, 2023 (GLOBE NEWSWIRE) – The “UK Stationery Market: Share, Size, Industry, Value, Growth, Revenue, Analysis, Trends, Segmentation, Outlook, and Competitive Landscape” has been added to ResearchAndMarkets. com’s offerings.
The UK stationery market saw a decline in its profits in 2020 due to the COVID-19 outbreak, which led to the temporary closure of school institutions, prompting many schools and universities to immediately transition to remote learning, leading to increased demand for technology. tools, such as laptops and iPads, and a reduction in demand for stationery. However, the market has rebounded with the reopening of schools and increased government investment. To revitalize the school sector, the government allocated $1. 74 billion in June 2021 as part of its Education Recovery Plan, and another $373. 03 million announced in January 2022.
The length of the UK stationery market is expected to grow at a CAGR of 2. 6% between 2023 and 2029. The UK stationery market has been in a complex expansion phase lately due to increasing digitalisation and the country’s move towards a paperless economy; However, the market still has some opportunities for expansion due to the growing demand for eco-friendly, biodegradable, and recyclable stationery.
In addition, office space is expected to grow further in the long term thanks to ongoing multi-billion dollar office projects, such as the $105 million Fetter Lane office development, the $65 million 11 Belgrave Road office building, the $42 million Kingsway 71/72 workplace. Complex, which would increase the number of employees, thus creating a demand for stationery products in the country. Furthermore, it was projected that by 2026, the number of foreign undergraduate applicants is expected to increase to 46% and the number of secondary schools is expected to increase from 3,003 in 2020 to 3,231 in 2024F, which would increase tuition and subsequently contribute to the growth of the stationery market in the UK.
Market through type
Paper products generated the highest percentage of profits in the UK stationery industry due to their wide use among academics and employees. In addition, expanding government projects to breathe life into the school sector, as well as increasing the number of foreign academics, would create a Call for paper products such as notebooks, registers, notepads, etc. in the future.
Market through the sales channel.
The offline channel dominates the stationery market in the UK, as it is the most classic and popular way for consumers to purchase stationery products, as there is easy availability of retail outlets in the locality offering promotional offers at competitive prices, as well as an increasing number of specialist retail outlets, convenience retail establishments, hypermarkets, and supermarkets across the country.
Marketing through the app
The school sector dominates the stationery market in the UK due to the increase in enrolment, which rose from 10. 2 million in 2016-2017 to 10. 6 million in 2021-2022. In addition, the government invested $122. 6 billion in fiscal year 2022 for school development, accounting for 4. 2% of total GDP, leading to the expansion of the stationery market in the country.
Key Draw of the Report
Impact of COVID-19 on the market.
11-year market figures.
Historical knowledge from 2019 to 2022.
Base Year: 2022
Forecasting knowledge until 2029.
Key performance indicators (KPIs) that impact the market.
Key and upcoming projects.
Report Highlights
Overview of the UK Stationery Market
UK Stationery Market Outlook
UK Stationery Market Forecast
UK Stationery Market Historical Knowledge and Profit Forecasts, 2019-2029F
Historical Knowledge and Earnings Forecast of the UK Stationery Market, by Type, for the 2019-2029F Era
Historical Knowledge and Profit Forecast of the UK Stationery Market, Through the Sales Channel, for the 2019-2029F Era
Historical data and revenue forecast of the UK stationery market, through applications, for the period 2019-2029F
Revenue Share in UK Stationery Market Across Market Players
Impact of COVID-19 on the UK stationery market
Drivers and Restraints of the UK Stationery Market
UK Stationery Market Trends
United Kingdom Porters Five Forces Stationery
Assessing Stationery Opportunities in the UK, Through Types, 2029F
UK Stationery Opportunity Assessment, via Sales Channel, 2029F
Assessment of Stationery Opportunities in the UK, by Application, 2029F
Income classification of market players
Competitive Benchmarking
Company Profiles
Key Policy Recommendations
Market Scope and Segmentation
The report provides detailed research of the following market segments:
By Type
Paper Products
Writing Instruments
Office Supplies
Arts & Crafts Stationery
By Sales Channel
Online
Disconnected
By Application
Educational
Commercial
Other
Company Profiles
Staedtler Mars GmbH
BIC Company
Mitsubishi Pencil CO. ,LTD
Hamelin Group
Faber Castell
ACCO Brand Corporation
Pilot company
Pentel Co. , Ltd.
For more information on this report, https://www. researchandmarkets. com/r/ssfm7w
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