India Stationery Market size is projected to grow at a CAGR of 8.2% during 2023-2029

By type, paper stationery held the majority of revenue share in the India Stationery Market – 6Wresearch

Paper stationery holds the largest revenue share in the India stationery market, with the exercise notebook segment specifically dominating this sector. The education sector continues to be a significant application area for stationery products in India, driven by the increasing number of schools and the emphasis placed by various stakeholders on providing education to all.

According to 6wresearch, India stationery market size is projected to grow at a CAGR of 8.2% during 2023–2029. India stationery market is expected to grow in the coming years owing to rising government spending on basic education, coupled 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. The rising public and private investments in the education sector are anticipated to have a positive impact on the stationery market in India. 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. Rising government spending and initiatives started to digitalize the education sector along with a rising number of online enrolments, would boost the demand for digital technology and online learning gadgets and tools, etc. which would act as a restraint for the growth of the stationery market.

According to Shubham Deep, Senior Research Manager, 6Wresearch, the northern region of the country dominated the industry and a similar segment will continue to flourish in the years to come owing to high population density and a significant number of educational institutions in the area.

The India Stationery Market (2023-2029) report provides an in-depth analysis with 178 figures and 113 tables, covered in 254 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.