Global Post-It & Sticky Notes Market Is Expected To Reach $2321.01 Million By 2023 From $2197.35 Million In 2018
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Post-It & Sticky Notes industry concentration is very high, manufacturers are mostly in the North America and APAC. As for the industry market size, China production accounted for more than 28.24% of the total production of global Post-It & Sticky Notes market in 2017, followed by North America (27.48%) and Europe (21.89%). 3M is the world leading manufacturer in global Post-It & Sticky Notes market with the market share of 77.40%, in terms of revenue, followed by Hopax, 4A PAPER, Deli and M&G.
Compared to 2016, Post-It & Sticky Notes market managed to increase revenue by 2.09 percent to 2188.75 million USD worldwide in 2017 from 2143.87 million USD in 2016. Overall, the Post-It & Sticky Notes market performance is positive, despite the weak economic environment.
The global Post-It & Sticky Notes market is expected to reach $2321.01 million by 2023 from $2197.35 million in 2018, growing at a CAGR of 1.10% from 2018 to 2023. And China market is expected to keep being the biggest market with production market share of 30.01% in 2023.
With the increasing in production capacity, expected that the Post-It & Sticky Notes raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of Post-It & Sticky Notes.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of Post-It & Sticky Notes will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and cost of raw materials.