Sri Lanka Stationery Market (2018-2024)-6Wresearch

Rising Population, Increasing Number of Education Enrolments along with Sri Lankan Government Goals to Achieve 100% Literacy Rate by 2020 Would Surge the Demand for Sri Lanka Stationery Market During the Forecast Period - 6Wresearch

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 healthy growth of the stationery market in Sri Lanka during the forecast period.

According to 6Wresearch, Sri Lanka Stationery Market revenues are projected to grow at a CAGR of 9.3% during 2018-24. Ongoing projects such as $2,900 million General Education Modernization (GEM) Project and $100 million Accelerating Higher Education Expansion and Development Operation (AHEAD) Project to upsurge the education system of the country in near future would further strengthen the education system of the country, leading to a rise in the stationery market of Sri Lanka during the forecast period. Moreover, most of the capital expenditure in 2017 was particularly allotted to the upgradation and improvement of school buildings and other related infrastructure. The government has undertaken a target to upgrade 500 schools of total 3,577 primary schools and 250 schools of 1,000 secondary schools. The above mentioned factors would help the Sri Lanka stationery market to register a healthy growth over the coming years.

Download Sample Pages @ https://www.6wresearch.com/press-releases/sri-lanka-stationery-market-revenues-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile-insights.html

According to Ravi Bhandari, Manager, Research and Consulting, 6Wresearch, "Exercise notebooks and copier paper under the paper stationery category are the key revenue generating segments in the overall Sri Lanka Stationery Market on account of their wide variety of applications across various domains at different levels. Premium paper stationery items such as executive notepads, diaries and spiral notebooks are other key revenue generating segments in the Sri Lanka Paper stationery market."

"Contrary to this, the non-paper stationery market is dominated by direct fill pens and pencils. Other key generating segments include ball pens, erasers, and sharpeners. Adhesives, technical instruments, art stationery and pencil boxes occupy minute fractions in the overall Sri Lanka non-paper stationery market. The rising number of schools in the country would boost the stationery market over the coming years," Ravi further added.

According to Devesh Kumar, Research Associate, Research and Consulting, 6Wresearch, "By regions, the Western province holds the highest revenue share in the overall Sri Lanka Stationery Market and is projected to maintain its dominance during the forecast period. The upcoming government schemes and plans in the education sector along with the cooperation of foreign entities such as UNICEF would further help the stationery market to grow in the country over the coming years.

"Sri Lanka paper stationery market is dominated by well-established international brands and the copier paper segment under this category is majorly import based. However, Sri Lanka Non-Paper Stationery Market is driven majorly by local players and international brands constitute only a small portion of the segment," Srishti Aggarwal, Research Associate, Research and Consulting, 6Wresearch, further added.

Some of the major companies in Sri Lanka Paper Stationery Market include - J.K. Paper Ltd., PrintXcel Private Limited, Double A Pulp and Paper Company Limited, whereas in Non-Paper Stationery segment Atlas Axillia (Pvt.) Ltd, Nalaka Stationery, Srinko Enterprises (Pvt) Ltd, Linc Pens, Faber-Castell and Hindustan Pencils Limited are the key players.



Sri Lanka Stationery Market (2018-2024) provides in-depth analysis with 108 figures and 24 tables covered in more than 170 pages. The report estimates and forecast the overall Sri Lanka Stationery Market by types, end-user applications and provinces. The report also offer insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

For Detailed Report Description & Sample Pages  Visit : https://www.6wresearch.com/market-reports/sri-lanka-stationery-market-2018-2024-forecast-by-type-paper-non-paper-art-pen-pencil-eraser-scale-sharpener-applications-provinces-competitive-landscape.html

About 6Wresearch
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

Comments

Post a Comment

Popular posts from this blog

Romania Elevator & Escalator Market (2018-2024)-6Wresearch

Image
Maintenance Service Segment to Contribute Major Share in Romania Elevator and Escalator Market - 6Wresearch Over the past five years, Romania elevator and escalator market registered sluggish growth in terms of number of new installations, predominantly attributed to low investment in the construction projects. Corruption allegations against politicians have adversely affected investors confidence, decline in construction market projects have created negative impact in the growth of elevators and escalators market. However, the market is forecast to post positive growth on account of government's Transport Master Plan, First Home Program and Rural Development Program (RDP) which would support industry growth and construction of new hotels & shopping malls, along with increasing inflow of FDI in the construction and retail sectors. During the forecast period, the maintenance service segment is projected to hold major market share on the back of growing new installation, incre...
Read more

Africa Load Break Switch and Recloser Market (2018-2024)-6Wresearch

Growing Construction Sector and Increasing Emphasis on Power Sector would be the Key Drivers for the Growth of Africa Recloser and Load Break Switch Market - 6Wresearch Several African countries such as Nigeria, Kenya and South Africa are keen in improving the share of clean energy in power generation mix and to improve electrification rate. Huge investments made under these initiatives would increase the demand for recloser and load break Switch in Africa in the coming years. According to 6Wresearch , Africa Load Break Switch and Recloser market revenues are projected to grow at a CAGR of 5.7% and 7.2%, respectively during 2018-24 . According to Asian Development Bank, power consumption in Africa is expected to grow at a rate of 3.9% every year till 2040 due to growing industrialization and urbanization in the region. More than 50% population of Africa would be living in urban areas by 2030, which would result in upgradation of ageing power infrastructure and would further drive ...
Read more