Growing demand for the value-added products and introduction of the customized stationery supplies are accelerating the growth of the global Stationery Adhesive market.
Published | 06 September 2019
To
obtain high-quality adhesives, exhaustive research efforts made in recent
years. Demand for eco-friendly adhesives increased due to environmental norms.
The inadequate raw supplies and the harmful influence of synthetic adhesives on
both human health and environment enforce the market towards renewable
materials, to attain ecologically safe bio adhesives.
According
to BlueWeave Consulting, the enriched standard of living as well as the
shift in focus from inexpensive to premium quality products on account of the
rapidly escalating economy are some of the factors which are expected to boost
the stationery adhesive market over the forecast period. Growing e-commerce
platforms in the countries are accelerating the accessibility of adhesives,
which is contributing to rising sales of stationery products. Changing
consumption trends and rising adoption of the multi-channel marketing,
introduction of the customized stationery supplies, rise in the level of youth
employment, growing demand for the value-added products and introduction of the
customized stationery supplies are accelerating the growth of the global
adhesive market.
Among
type, All-purpose holds the largest market share
during the forecast period
The
Stationery Adhesive market dominated by all-purpose segment and expanding at a
CAGR of 5.84% over the forecast period. The market reached USD 713.35 Million
in 2019 and is anticipated to reach USD 947.49 Million by the end of 2024. The
growth of the multi-purpose market driven by a rising number of students and
offices across the globe combined with continuous innovation, an increase in
urban population, and growth of the e-commerce industry will drive the market.
Among
distribution channel, stationary & book store segment is the
fastest-growing market which captured the largest share during the forecast
period
The
stationary & book store segment in the Stationery Adhesive market is
expanding at a CAGR of 5.29% over the forecast period. The market reached USD
1077.24 Million in 2019 and is anticipated to reach USD 1394.00 Million by the
end of 2024. On account of the increasing numbers of schools and colleges. The
stationery and books store is certainly available and capable to encounter the
requirements of customers.
Europe
is the leading region of the global stationery adhesive industry during the
forecast period
The
Europe region in the Stationery Adhesive market is expanding at a CAGR 5.10%of
over the forecast period. The market reached USD 1044.42Million in 2019 and is
anticipated to reach USD 1350.85 Million by the end of 2024. Owing to stringent
laws and regulations concerning environmental harms. Demand for the eco-
friendly stationery adhesive is witnessing the momentous growth in the region.
Moreover, other dynamic factors are the enlargements of the products line,
rising number of organized offices, progression in design & materials in
office stationery, geographical development of businesses, expanding the number
of start-ups, proliferation in the rate of employment, advantageous government
rules (legal security) and product improvement & industrial developments.
Global Stationery
Adhesive market Competitive Landscape
Companies such as Henkel AG & Co.
KGAA, 3M, Newell Brands, Pidilite Industries Limited, Arkema, Faber-Castell,
UHU GmbH & Co. KG, Tesa Se, Kokuyo Camlin Ltd and Kores are key players in
the industries.
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