Global Stationery Giants See Diverging Margins (2026 Industry Report)

Global Stationery Giants See Diverging Margins (2026 Industry Report)

Source: HDIN Research (Apr 3, 2026)Key points:

• M&G (China): $3.48B revenue, 14.56% ROE, strong B2B & supply chain advantage.

• ACCO Brands: 8.5% revenue drop ($1.52B), 70.5% debt ratio, traditional office supply decline.

• Acme United: shifted to medical first aid (66% revenue), margin up to 39.4%.

• Sector split: traditional paper declining; B2B & specialized niches growing