India Online Stationary Market Outlook : Regional Opportunity, Demand Analysis, And Market Forecast

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India Online Stationery Market Outlook

India Online Stationery Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

Report Code :AM 1335

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India Online Stationery Market Size (USD Billion) & Growth Analysis India Online Stationery Market Size (USD Billion)-2016-2024

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XX

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XX XX

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XX 2016e

2017e

Source: Goldstein Research

XX

m a S

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2018

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e l p

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Online Stationery Industry in India

is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. The growing impetus on free education, especially in rural areas of country, will help to foster the demand for stationaries during the forecast period. Currently, the Indian office supplies market size is USD XX billion. Increasing demand to automate sourcing activities has resulted in more players coming up in the office supplies space in the online market in India—StationeryShop, Offimart, and OfficeYes among them. (Early bird Zoffio was sold off to a Chinese firm last year). The Indian stationery industry is largely shared by the educational and office stationery products. Particularly in the school stationery category, the percentage of schoolbooks captures the bulk of the market. The national market for syllabus-based books is estimated at USD XX billion and is growing at XX per cent per annum.

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India Online Stationery Market Outlook India Online Stationery Market Share(%), By Distribution Channel -2016-2024

India Online Stationery Market Size USD (Billion). 2016-2024 XX XX

Sample Request XX% CAGR: (2016-2024)

XX XX

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e l p

XX%

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2016

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2024

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Online Channel

2016e 2017e 2018f

Source: Goldstein Research

2019f

2020f

2021f

2022f

2023f

2024f

Source: Goldstein Research

Paper Products accounted for the highest market share XX% in India online stationery

In 2016,

Offline Channel

Market

With XX% share in India Stationery market, Offline Channel segment accounted for highest share in 2016

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India Online Stationery Market Outlook  The India Online Stationery market is expected to reach USD XX billion by 2024, from an estimated USD XX billion in 2016, growing at a CAGR of XX% during 20162024. The Indian stationery industry is worth USD XX Billion , comprising of a wide variety of products and categories. It can roughly be classified into paper products, writing instruments, computer stationery, school stationery, and office stationery. Though the Indian stationery industry is dominated by local stationery players, a large number of organized players are now entering the industry.  The Indian stationery industry is highly scattered and is largely dominated by the unorganized sector and the situation is quite alarming for the organized players industry. Factors like lack of modern production facilities, unorganized nature of functioning, marginal demands, government policies and international competition are largely contributing to the slow growth of the organized stationery industry in India.

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 With the growing population of shoppers over the internet, Indian online retail landscape has seen many players venturing out to tap the diverse niche market segments such as shoes, home decor, healthcare including school and Stationery supplies and several others. Amongst all the niche segments in the space, school, educational & stationery supplies seem to have attracted fair amount of eyeballs from entrepreneurs. Over the past one year, the industry has seen debuts of players such as koolskool.com, allschoolstuff.com and skoolshop.com into this niche market along with several multi categories focused etailers such as Flipkart selling school, Stationery and office supplies.

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 The market for office supplies in India was worth USD XX billion in 2016. Annually growing at XX–XX percent, it will be about USD XX billion by 2024. Out of this, only XX percent companies adopted internet and e-commerce to source office suppliers in 2015–16. These customers are growing XX percent annually—they use or intend to use digital platforms to source office supplies, which makes the market worth USD XX billion.

India Online Stationery Market Size (USD Billion) Organized

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Un-Organized

2016

USD XX Billion

USD XX Billion

2024

USD XX Billion

USD XX Billion

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Growing Ecommerce Industry

Growing Digitization

Increasing number of office-based sectors

Evolution of New Online Business Models


Market Restraints Unorganized Stationery Industry

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 It is a challenging task for the major players to generate the revenue and to maintain the growth of their share in stationery market in Africa. The major challenge for the key players is the presence of large number of unorganized players.  The unorganized office supplies market in India is generally run by mom-and-pop stores, wholesalers and distributors who cannot supply everything that a company needs because the margins are thin and the cost of logistics are very high. “SMEs and start-ups have shown a great amount of interest in buying office products online on Zoffio.com. However, big companies prefer a more personalized service with dedicated account managers, who can understand and fulfill their special requirements  Tracking security-related budget and cost line items to justify expenditures or document trends can be difficult because security activities cut across many business areas, including human resources, training and help desk

Urban Internet Users in India

Top 8 Metros XX%

XX%

Towns wi th >1 mn Popul ation

m a S Towns wi th 0.5-1 mn Popul ation

Towns wi th 0.2-0.5 mn Popul ation

XX%

Towns wi th <0.2 mn Popul ation

XX%

XX%

Source: Goldstein Research

Major Online Office Supply Markets- By Major Cities 2017 XX%

Mumbai

XX%

Pune

XX%

XX%

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Impact Analysis: The eCommerce market in India is booming with the unprecedented growth it witnessed in the last couple of years driven by the speedy technology adoption. The competition in this industry is anticipated to be further intensified with the penetration of plethora of eCommerce players  But when it comes to stationery and office products (a niche segment), the direct online competition is not much currently, with the number of companies operating at a much smaller scale.  Today, eCommerce players are enjoying phenomenal growth by providing discounts on all the products (a key marketing tool for all online players). But market players such as Zoffio.com does not seem to be deploying this tool as the company does not intend to lure clients with deep discounts or tactical offers, but focus on improving the customer’s buying experience and higher service levels.

Hydera ba d

Impact on India Online Stationery Market

Chennai XX%

NCR

High

Medium

Ba ngal ore XX%

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Low


India Online Stationery Market Outlook : 20162024 Fig: 17: India Online Stationery Market Share, By Product Type, 2016-2024 XX% XX% XX%

XX%

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India’s yet-to-mature B2B ecommerce industry with large untapped potential of growth presents a great opportunity to companies who want to enter this market. From a handful of companies in the past (Alibaba, IndiaMart, Trade India), now there are all size of startups that cater to all size of buyers, be it a small online marketplace reseller to big chain of hotels.

In less than 2 years, Zoffio.com has worked with companies like Tata Communications, GE, Dish TV, Yum Paper Products Writing Instruments School Stationary Art and Craf Office Stationary Computer stationery Brands, Bharti AXA, OnMobile and many more. The company was able to successfully deliver over 45,000 Fig: 17: India Online Stationery Market Y-O-Y Growth, By Product orders pan India in the very first year of its operation. Type, 2016-2024

2016e

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m a S 2019f

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The number of office workplaces in India has risen by almost XX percent over the last ten years – to XX million at present. And these office worlds must be equipped – not only with furniture but also with paper, office supplies and stationery. This trend is helping the market for paper, office supplies and stationery to recover from the downturn in sales in recent years.

Fig: 17: India Online Stationery Market Size (USD Billion), By Product Type-2016-2024

Pap er Produc ts

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Scho ol S tation ary

Writing Instr uments2

Office Stati onary

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Ar t and Craf 2

Co mp uter statio nery


6.1.1. India Online Stationery Market, 20162024 New models are gaining traction, and India is no exception. While no single model is right for everyone, the challenge is to determine how to take the best of the online and offline worlds and blend them in a way that deepens the shopper relationship and experience.

Fig:- 6-4 India B2B Stationery Market Size (USD Million). 2016-2024 XX

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Fig:- 6-5 India B2C Stationery Market Size (USD Million). 2016-2024 XX

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Indian consumers prefer; travel (XX %), event tickets (XX%), books/music/stationery (XX%), IT and mobile (XX%) and fashion (XX %), while items such as fresh groceries, packaged grocery food, medicines and pet food are mostly accessed in-store. Travel and event tickets are also purchased online with greater frequency than offline, while books/music/stationery and IT and mobile are purchased to the same extent on- and offline, and fashion is still purchased with greater frequency in-store. In India, which has a XX% internet penetration, XX% of those sampled say they would go to a physical store to buy groceries and would not consider buying online, XX% are not buying online but would consider it, XX% have bought online but not recently, and XX% buy online regularly.

Fig:- 6-5 Insights on the B2B Office Supplies Market Price: B2B and B2C is equally challenging. Both customers do their thorough research and demand the best price. B2B purchase is slightly more competitive due to bulk orderin

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Product: B2B customer is not looking for too much variety and options when it comes to office supplies products. This allows the retailer to maintain a good sized inventory for limited number of SKU’s

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Promotion: Traditionally, B2B customer has been less promotion conscious as he is looking for good service at best price rather than a known brand. However, this is changing as MNC’s and other companies are looking to procure products and services from a known office supplies retailer www.goldsteinresearch.com


India Online Stationery Market Attractiveness and BPS Analysis by Product Type, 2016-2024 Fig: 17: India Online Stationery Market Attractiveness-By Product Type, 2016-2024 Sample Request

XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX

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Paper Products School Stationery

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Office Stationery

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Art and Craf

Writing Instruments

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Computer Stationery

According to Goldstein Research, paper products holds the largest portion of market revenue while office stationery products are tend to grow at the significant pace over the forecast period. The Indian stationery market for syllabus-based books is estimated at USD XX billion in 2016a and is growing at XX% per annum. Offline distribution channel is the major source for the distribution of the stationery products which is dominated by the local players. Online platforms are also gaining their popularity in office stationery and premium range of stationery products. Premium products such as Novels, Magazines and expensive writing instruments are majorly bought through online channels. New market players are exploring vast growth opportunities in huge Indian market through online sales of stationery.

Fig: 17: India Online Stationery Market BPS Analysis- By Product Type, 2016-2024 XX%

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XX% XX% XX% XX% XX% XX% Paper Products

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Writing Instruments

School Stationary

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Art and Craf

Office Stationary

Computer stationery

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India Online Stationery Market Outlook

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