Middle East office stationery market to grow 4% by 2023

The office stationery supplies and services market in the Middle East is expected to register a growth of more than 4 percent by 2023, a recently released report by ResearchAndMarkets said.

The report stated that the growing popularity of eco-friendly office stationary is expected to drive growth in the market. 

“The popularity of eco-friendly products is increasing due to the rising environmental concerns while manufacturing these products,” the report noted.

Digital tools are preferred over the paper-based office stationery as they provide high accuracy and traceability in data tracking process, the report mentioned.

“Therefore, the shift toward the digitization of work environment will be a key volume challenge for the Middle East market during the forecast period,” it added.

The report points to the fragmented market in the Middle East, adding, “With the presence of several companies including 3M and Jarir Bookstore the competitive environment is quite intense.”

“Factors such as the growing regional online vendors and omnichannel presence of global vendors and the growing popularity of eco-friendly office stationary, will provide considerable growth opportunities to office stationery supplies and services manufactures in the Middle East,” the report concludes.