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There will always be a need for basic stationery anytime in life. Whether its for school projects or just something you need in everyday life. So with the demand constantly growing. You now may be wondering if a stationery franchise would be right for you? If you are don't worry since today we will be sharing some statistics around the industry. To show the growth it has seen throughout the UK in previous years. We hope this short article can help anyone looking in to buying a stationery franchise but has no idea of the previous industries growth and success.
The stationery industry.
Like I have stated above there will always be a growing need for basic stationery. So now we will list some statistics that have recently been collected in the UK around the rapidly expanding stationery industry.
- Back in 2018 the UK spent a whopping £3.35 billion British pounds on stationery. Which was a growth from 2017 where the total expenditure was £3.18 billion British pounds.
- The total market size for stationery manufacturers in the UK is worth a staggering £365 million British pounds.
The UK stationery market is set to rise by 2.4 per cent in five years, from £2.06 billion in 2016 to around £2.1 billion by 2021, according to the retail gazette.
What do these statistics show for the stationery industry in the UK?
Overall these statistics should show you the huge market there is for stationery in the UK. Which according to some articles above in this article are predicting future growths for the exciting stationery industry in the UK. So now as the reader you have to make a decision whether a stationery franchise would be right for you. We hope this article has helped anyone looking in to the stationery industry. But if you have decided from reading this that a stationery franchise is not your cup of tea. But are interested in purchasing a franchise opportunity within the retail sector I suggest for you to have a read through our retail franchises category to find out about all retail related opportunities which are currently up for grabs in the UK.