Governments are endorsing business sustainability and green chemistry programs such as ban on single-use plastic bags and disposable carry bags which will contribute to the market growth. The European region will grow faster for the worldwide organizational staples industry on account of robust import facilities of the organizational staples in Germany, the U.K., and France, thereby driving the products consumption rate in the region. The global impact of COVID-19 has been unprecedented and staggering, with Bio-based Chemicals witnessing a decline in demand across all regions amid the pandemic. Which is the leading Type of product in this market? We support the following payment options: Fortune Business Insights offers the following formats: Yes, the individual sections of the report can be purchased. The rapid depletion of fossil fuels globally and growing consciousness towards sustainability will drive the adoption. Factors such as shifting emphasis towards the use of sustainable products, the emergence of low-cost feedstock, and innovations in the Bio-based sector are surging the demand in the region. - Ziering Medical. Surfactants occupied the largest share in the market in 2020. Growing commercial infrastructural settings is accelerating market growth. For instance, in October 2021, ODP Corporation owned Office Depot, a businesss solutions, stationeries, and technology provider, launched 20 Minute Pickup Promise, an in-store and curb-side product pickup service to timely delivery business stationeries in the United States. The others segment is expected to be the leading product type in this market during the forecast period (2021-2028). The modification is allowed to an extent of 10% of the report cost. Through our exclusive blend of in-depth research, trend analysis, and refined forecasting, we . What was the value of the worldwide office supply market in 2020? NS. Additionally, the establishment of new biomass refineries will create lucrative growth opportunities for the market players. Evolving corporate industries and favorable trade relations among the UAE and Saudi Arabia mainly support market growth in the Middle East & Africa region. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. This segment will likely dominate the market during the forecast period owing to the extensive demand from several end-uses such as additives, composites, and engineered plastics. Fortune Business Insights is a company that offers market studies and consulting services to global businesses. Press Release Distributed by The Express Wire . The rising demand for these chemicals from industries such as pharmaceutical, food & beverage, textiles, and automotive is expected to drive the growth of the market. Bias Rating: RIGHT-CENTER The global Bio-based Chemicals market research report provides a detailed industry analysis and focuses on key aspects, such as profiles of leading companies and leading applications of the product. "Get instant answers to all the possible queries". Fortune is an American multinational business magazine headquartered in New York City.It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. February/March 2022. "Assisting You in Establishing Data Driven Brands", Region : Global | Format: PDF | Report ID: FBI106626. If yes, then what is the procedure? Forbes is a bi-weekly magazine that publishes information and advice on finance and business.. questions related to their attitudes about management's credibility . In addition to the aspects mentioned earlier, the report encompasses several factors contributing to the market's growth over recent years. October 21, 2022 01:18 ET | Source: Fortune Business Insights Pune, India, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The global property management market Size was valued at USD 17.69 billion in 2021. Based on application, the market is segmented into industrial, agricultural, pharmaceutical, and others. You can modify or customize the scope of the report and suit it according to your requirements. Share. Are there any discounts offered on the reports? Analytics. It has research reports on various important domains such as healthcare, foods and beverages and many more. Remarkable job and great efforts by your research team. This is why trust in yourself and a strong belief that your skills, training and preparation will take you in the right direction are essential. Country: USA Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The side-effects of synthetic surfactants on human skin are surging the demand for natural alternatives resulting in segment growth. For instance, in April 2021, BIC Corporation, a U.S.-based school stationery maker, introduced a range of recycled plastic material-based school goods, including ball pens, pencils, permanent markers, and correction tapes in the U.S. Evolving global corporate sector is mainly supporting the demand for such products. The enterprises' segment will grow faster because of the growing number of official & organizational establishments worldwide. For instance, in July 2020, the Government of the U.S. reintroduced its America School Act (H.R.2) to offer a fund of USD 100,000 million to help & modernize low-income and high need communities over five years. Lack of In-Office Presence amid COVID-19 Pandemic to Hamper the Market. Decline in Raw Material Availability to Impede Market Growth during COVID-19 Pandemic. June/July 2021. It looks quite comprehensive and the data is exactly what I was looking for. It compares the sum of the first readings of all months in FY20 and FY21 with final available readings to show that the downward revisions amounted to 35% and 20%, respectively. Additionally, increasing adoption of the advanced technology-based ERP digital platforms such as Quickbooks, Xero Accounting, and others among the organizations for communication & bookkeeping purposes will decline the consumer demand for the pen, pencil, and other traditional stationeries hampering the industry growth. The strict curfews globally led to stockpiling of basic staples and long-lasting foods such as rice, wheat, sugar, edible oils, and others. Call (844) 519-3595 to learn more about your business credit file Call (844) 519-3595 to learn more D&B Risk Analytics: AI-Powered Supplier Intelligence to Help Mitigate Risk New D&B Risk Analytics Discover D&B Connect for Salesforce , our latest solution to help you get the most from your CRM. . Fortune Business Insights says that the worldwide market size was USD 127.3 billion in 2020 and is anticipated to reach USD 149.4 billion by 2028. North America (By Product Type, Application, and by Country), Europe (By Product Type, Application, and by Country), Asia Pacific (By Product Type, Application, and by Country), South America (By Product Type, Application, and by Country), The Middle East and Africa (By Product Type, Application, and by Country). Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The household segment is mainly driven by the growing popularity of the work-from-home working style among corporate professionals. Therefore, growing education & literacy awareness among the worldwide middle & lower-income population groups are driving the filling & binding stationeries segmental growth. Edit Lists Featuring This Company Section, Electric Bike Market Size to Grow Worth USD 92.19 Billion at a CAGR of 12.6% by 2029 | Fortune Business Insights, Airborne SATCOM Market Share, Industry Analysis, and Forecast 2029 | Fortune Business Insights, Industrial Seals Market to Grow Exponentially; Rapid Industrialization to Foster Market Development: Fortune Business Insights. Fortune generates revenue through advertising and subscription fees. Nevertheless, we provide 24/7 customer support and address any queries you have on the report. The rise in CAGR is attributable to this markets growth and product demand, returning to pre-pandemic levels once the pandemic is over. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Ensure Integrity Of Intent And Action. However, increasing professionals' demand for the work from home style is accelerating companies sales revenues from the home office equipment & stationeries. How much is the office supply market worth? Industrial segment held the largest Bio-based Chemicals market share in 2020. MBFC Credibility Rating: HIGH CREDIBILITY. Founded in 1929 by Henry Luce, Fortuneis an Americanmultinationalbusiness magazine headquartered inNew York City,United States. This poll is for entertainment purposes and does not change our overall rating. When it comes to science, Fortune supports the consensus of scientists on issues such as climate change. According to the statistical data presented by the China Writing Instrument Association (CWIA), in 2020, 212 member organizations of the China Writing Instrument Association recorded USD 2,217.93 million in revenues from their writing instruments from the Chinese market. Request for Customization form is available on the website, where you can provide the customization requirements. Fortune Business Insights ranks 2nd among Accounting Blogs sites. Still, you will get no fake news from Fortune. The adoption of chemicals as nutrient and food supplements, increasing demand for bio-ethanol and bio-adhesives, and rising consumption of bioplastics from the textile industry fuel the growth of others segment. Others segments hold a major market share due to the large consumer demand for organizational stationeries, calendars and writing stationeries such as pens, pencils, papers, and others for official purposes. The growing adoption of 5G technology by various industries and enterprises will spur lucrative opportunities for the augmented reality industry in the forthcoming years, states Fortune Business Insights, in a report, titled, " Augmented . 13. We identify growth opportunities across these markets, irrespective of their age. For instance, you can get a discount of 5% in case you prepay via bank wire transfer. These media sources are slightly to moderately conservative in bias. The global augmented reality market size is expected to reach USD 97.76 billion by 2028, exhibiting an excellent CAGR of 48.6% during the forecast period. For instance, in October 2020, Office Depot, a corporate stationeries & solutions provider, partnered with CommerceHub, a leading e-commerce enabling platform, to improve its supply chains efficiency in the European market. Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Request a Free sample to learn more about this report. We use cookies to enhance your experience. Information offered For functioning of this site, we may include e personal information such as name, address, contact number, and other similar data. SarkarSEO fortifies brand growth and credibility says Multi-millionaire Digital entrepreneur Mohit Parnami By Fortune India Exchange, May 28, 2021 "Where entrepreneurship is considered, no man ever thinks of stopping at one place, they keep hustling till they achieve what they set out to do. Fair Use Policy The growth of pharmaceutical segment is associated with the rising use of Bio-based products in pharmaceutical formulations due to their compatibility. Asia Pacific is projected to be the fastest-growing region in the market. Fortune Business Insights offers market studies and consulting services to global businesses. Request a Free sample to learn more about this report. This is a very good piece of work and will be very helpful to us going forward. According to the data presented by the Office of National Statistics, Government of the U.K. (ONS), between April 2019 and April 2020, the U.K. populations demand for office desks for remote work-purpose rose by more than 438%. The growing concern of plastic waste and landfills around the world will aid the demand for Bio-based Chemicals. Fortune Business insights has published a report, titled "High Pressure Fixed Firefighting Misting System Market Size, Share and Global Trend By Application (Industrial, Commercial, Residential) and Geography Forecast Till 2025." According to the report, in 2017 the global high pressure fixed firefighting misting system market was worth US . The Latest Fact Checks curated by Media Bias Fact Check 11/03/2022, The Latest Fact Checks curated by Media Bias Fact Check 11/02/2022, Political violence in America isnt going away anytime soon, Daily Source Bias Check: Northwest Signal, Guns at voting sites have long sparked fears of intimidation and violence yet few states ban their presence. Traffic/Popularity: HighTraffic Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. I appreciate the timeliness and responsiveness of you and your team., The global office supplies market is projected to rise from USD 130.5 billion in 2021 to USD 149.4 billion by 2028 at a CAGR rate of 1.9%, 2020 Fortune Business Insights . Agricultural segment is estimated to grow at the highest CAGR during the review period. Fortune Business Insights has an overall rating of 4.5 out of 5, based on over 123 reviews left anonymously by employees. According to the data presented by Japan Stationery Wholesalers Association, in 2018, official-purpose furniture shipment in japan reached USD 9,260 million. Rising investment by European Union countries drives the growth of market in Europe to promote green and circular economy. Others segment include various products such as writing stationeries, calendars, planners, organizers, clips & fasteners, and tapes & adhesives. At what CAGR is the global office supply market projected to grow in the forecast period (2021-2028)? For instance, you can get a discount of 5% in case you prepay via bank wire transfer.