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Outsourcing Services Bolster School Supply Companies Amidst Price Hikes

Recent reports project that the global education-related outsourcing services market will reach $27.9 billion by 2030, up from $14.8 billion in 2024, representing a compound annual growth rate (CAGR) of 11.4%.

According to a report published by Grand View Research, the school supplies market is likely to reach $190.4 billion by 2033, compared to $118.6 billion last year, a 5.4% annual increase.

The global school supplies market faces a number of challenges, most notably the increasing digitization of the education sector and continuous price increases.

Office supplies like pencils, notebooks, sketchpads, calculators, and file folders are among the best-selling items.

At the same time, the global market is witnessing strong competition among major players, including Pilot, Faber-Castell, Dixon Ticonderoga, and Doms Industries.

Globally, 35% of parents prefer to buy school supplies in September each year, while 33% opt to go to physical stores to complete their purchases. 17% prefer shopping online.

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