In terms of application, the education sector dominated the industry by attaining the largest revenue share in the Bangladesh Stationery Market – 6Wresearch
By application, owing to the rising percentage of enrolment of female students in the schools and universities of Bangladesh i.e., from 51.65% in class 9-10 in 2018 to 53.57% in 2020 and on the other hand, the percentage of enrolments in degree universities has grown to 41.39% in 2018 to 43.80% in 2020. Therefore, the educational sector has dominated the Bangladesh stationery market and further, it is expected to follow the same trend in the forecast period as well on the back of government efforts to develop the education system across the country.
According to 6Wresearch, the Bangladesh stationery market size is projected to grow at a CAGR of 3.3% during 2023–29. The stationery market in Bangladesh will grow during the coming years on account of the government’s multiple steps to boost the enrolment of students in schools with initiatives such as Pilot Programme, Shobai Miley Shikhi that would create a demand for stationery products such as notebooks, pens, art & craft items among others. Moreover, as of Jan’2023, the population ages between 3-24 years in Bangladesh holds around 15% of the total population which would be a factor in increasing the literacy rate by creating a suitable education environment and preventing them from dropping out of schools. Barriers to the education system such as bad infrastructure, shortages of schools in the urban slums, poverty, and others have hindered the enrolment of students in primary and secondary schools in Bangladesh which would further restrain the market growth of the stationery products in the coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the offline segment, based on sales channels, has dominated the market as a large portion of consumers prefer to shop for stationery products in retail stores, kiosks, and street vendors due to their easy availability at nearby places.
The Bangladesh Stationery Market (2023-2029) report provides an in-depth analysis with 14 figures and 8 tables, covered in 65 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.