Growing Children & Youth Population & Increased Opportunity for School & College Enrollments Supported by Government Policies to Drive Growth in the Stationery Products Market
The global market for Stationery Products is projected to exceed US$228 billion by 2024 , driven by growing population of children and youth in the 4 to 25 age group, increased opportunity for school and college enrollments supported by government policies to improve literacy rates worldwide, rise in number of office establishments, and continued roll out of creative and novel stationery products by manufacturers. Despite the growing pervasiveness of electronic communication, the stationery sector continues to attract steady demand driven by factors such as growing number of education facilities , and subsequent rise in student admissions across the world and rise in in number of office establishmnets. Education sector comprising schools, colleges and universities is among the fast growing markets in the world and represents key contributor to the stationery products market. Revenues from the stationery products market are to a large degree highly cyclical in nature, with sales p...