The report forecasts the office stationery market in Europe to grow at a CAGR of 2.4% during the period 2016-2020.
The market is divided into the following segments based on categories:
Filing and mailing supplies
Computer and printer supplies
Others: binding supplies, time tracking supplies, and identification supplies
Across the majority of European countries, a rise in start-up companies and self-employed entrepreneurs is also observed. The majority of these upcoming businesses are in the IT sector, which is further leading to the transformation of other industries, such as finance, fashion, advertising, and music. This has led to an increase in the workforce in the region.
According to the report, the office stationery market in the region is undergoing a gradual transition as manufacturers are trying their best to re-position their product range in order to meet changing demand patterns. Given the surge in computer and printer usage, new technological advancements are being made to improvise the existing products.
Further, the report states that a couple of factors prevailing in the market have led to a negative influence on the overall revenue generation. The expanding scope of counterfeit products has constantly affected the revenue and brand names of companies.