Based on type, paper products attained the largest revenue share in the United Kingdom Stationery Market – 6Wresearch
By product type, paper products garnered the highest revenue share in the United Kingdom Stationery Industry due to its vast usage among employees and students. In addition, with growing government initiative to boost the education sector along with growing international students would create a demand for paper products like notebooks in the future. The same segment will dominate the market in the forthcoming years.
According to 6Wresearch, the United Kingdom Stationery Market size is projected to grow at a CAGR of 2.6% during 2023-2029. The United Kingdom stationery market growth is majorly driven by the education sector, with students accounting for a significant proportion of sales. In 2019, the government of the United Kingdom launched the International Education Strategy aiming to increase the number of international higher education students studying in the UK to 600,000 per year till 2030. Additionally, ongoing government initiatives such as the National Tutoring Programme, National Skills Fund, and Kickstart Scheme, among others to boost the education sector and increase employment contributed to the stationery market growth. To government initiative to digitalize the education sector along with rising investment in Edtech startups which would boost the demand for digital technology for learning such as laptops, iPads, etc., would act as a restraint for the Stationery market.
According to Ravi Bhandari, Research Head, 6Wresearch, by sales channel, offline channel dominates the United Kingdom stationery market as it is the most traditional and preferred way of purchasing stationery products by consumers since there is an ease of availability of retail stores in every locality offering promotional offers and competitive pricing along with increasing numbers of convenient stores, hypermarkets and supermarkets across the country.
The United Kingdom Stationery Market (2023-2029) report provides an in-depth analysis with 14 figures and 8 tables, covered in 64 pages. The report comprehensively covers the market by type, sales channel, and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.
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