The Market Insights of the Stationery Industry in India
The Indian stationery market has shown remarkable resilience and growth in recent years. As of 2023, the market size was estimated to be around USD 1.1 billion. The industry has been growing at a compound annual growth rate (CAGR) of 6-8% , with projections indicating continued growth in the coming years. Stationery Industry Growth Drivers in the Stationery Industry Several factors contribute to the robust growth of the stationery industry in India : Rising literacy rates: With increasing focus on education, the demand for stationery products has surged across urban and rural areas. Expansion of the education sector: The growing number of schools, colleges, and educational institutions has boosted the demand for stationery items. Corporate sector growth: The expanding corporate sector has increased the need for office supplies and premium stationery products. E-commerce penetration: The rise of online retail has made stationery products more accessible to a wider consumer base.