Table of Contents
The Indian stationery market has been a beacon of resilience in the face of challenges, showcasing consistent growth over the years. From a market value of INR 244 billion in Fy2015, the market soared to INR 330 billion in FY 2020, registering a commendable CAGR of 6%. However, the onset of the COVID-19 pandemic in FY 2021 brought a temporary halt to this growth trajectory as schools, colleges, and offices shifted to online modes of operation, leading to a substantial sales dip.
Undeterred by this setback, the Indian stationery market exhibited remarkable resilience, bouncing back at an impressive rate of 35% in FY 2022 following the reopening of educational institutions and the resumption of work-from-office practices. This rebound was driven by pent-up demand and a renewed appreciation for the value of traditional stationery products.
As of FY 2023, the Indian stationery market stands tall with an estimated value of INR 385 billion, poised to continue its growth trajectory at a CAGR of approximately 14% during the FY 2023-2027 period. This impressive growth is expected to propel the market to a staggering INR 657 billion by FY 2027, solidifying its position as a key player in the global stationery landscape.
