DUBLIN--(BUSINESS WIRE)--The "Sri Lanka Stationery Market (2018-2024): Market Forecast by Type, by Applications and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Sri Lanka Stationery Market revenues are projected to grow at a CAGR of 9.3% during 2018-2024
The report comprehensively covers the Sri Lanka Stationery Market by types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Stationery Market in Sri Lanka is at a growing stage. Several upcoming government schemes related to education along with growing population are expected to drive the demand for stationery items in Sri Lanka over the coming years. Sri Lanka possesses a literacy rate of 93% and the government has further devised an objective to achieve 100% literacy rate in the country by 2020, which would pave the way for the healthy growth of the stationery market in Sri Lanka during the forecast period.
This is attributed to increasing rate of primary and secondary education enrolment numbers in Sri Lanka. A huge proportion of the stationery market sprouts from the education sector of the country. Moreover, upcoming commercial projects such as Colombo New Port City would further help the stationery market to grow over the next six years.
In paper stationery, exercise notebooks hold the largest market revenue and volume shares by type while in the non-paper stationery segment, pen and pencil segments account for the highest revenue and volume shares in the overall Sri Lanka stationery market. Under the Education Reform Program, Sri Lankan government would further increase the public spending for the education sector as a share of GDP from 1.7% to 6% by 2023, which would further drive the stationery market to upsurge over the coming years.
Markets Covered
By Types:
-
Paper Stationery:
- Copier
- Exercise Notebook
- Premium Paper Stationery
- Other Paper Stationery
-
Non-Paper Stationery:
- Pen
- Pencil
- Eraser
- Scale
- Sharpener
- Art Stationery
- Pencil Box
- Eraser
-
Other Non-Paper Stationery:
- Files and Folders
- Adhesive Stationery
- Technical Instruments
By Applications:
- Education
- Office
- Others
By Provinces:
- Northern Province
- Western Province
- Eastern Province
- Southern Province
- Other Provinces
Companies Mentioned
- Atlas Axillia Co.
- Avalon Enterprises (Pvt.) Ltd
- Double A Pulp and Paper Company Limited
- Faber-Castell AG
- Hindustan Pencils Pvt. Ltd.
- JK Paper Ltd.
- Linc Pen & Plastics Ltd.
- Nalaka Stationery
- PrintXcel Private Limited
- Srinko Enterprises (Pvt) Ltd,
For more information about this report visit https://www.researchandmarkets.com/research/8mvspw/sri_lanka?w=4
