India non paper stationery market size is projected to grow at a CAGR of 8.3% during 2023-2029

Pen segment by types registered the largest revenue share in India Non-Paper Stationery Market – 6Wresearch

In the non-paper stationery market, pens, pencils, and art stationery are the key segments. The market is highly dominated by pens. Pen will continue to be the largest revenue-generating segment while growing at a significant growth rate. Increasing literacy in India, which was 74.37% in 2018 and 77.7% in 2022 and the rising emphasis on formal education would further make the pens grow at a significant rate.

According to 6wresearch, India non paper stationery market size is projected to grow at a CAGR of 8.3% during 2023–29. India non paper stationery market is expected to grow in the coming years owing to rising government spending on basic education, along with a rising number of enrollments at different levels of schooling and education, which is aimed at increasing the Gross Enrolment Ratio (GER) in higher education from 25.8% in 2017-18 to 50% by 2035. From April 2000 to June 2022, the Indian education sector received significant foreign direct investment (FDI) equity inflows amounting to US$ 7.92 billion. This demonstrates the interest and confidence of foreign investors in the Indian education market, contributing to its growth and development. The education sector without any doubt is one of the most prominent parts of the country and there will always be a high demand for education which will expand the demand for non-paper stationery in the country. The education sector of the nation will continue to evolve more in the years to come as education is considered as the primary right of each individual and this shows significant growth of the market in the years to come.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, the educational sector of the country holds a major revenue share and it will continue to rise in the market due to the widespread utilization of stationery in many educational applications.

The India Non-Paper Stationery Market (2023-2029) report provides an in-depth analysis with 61 figures and 37 tables, covered in 122 pages. The report comprehensively covers the market by types, applications, and regions. 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.