Envelopes are used commonly for packaging of flat objects such as letters, cards, booklets, and mails. Envelopes are increasingly being employed in e-commerce deliveries; envelopes are replacing small cardboard boxes used for delivering lightweight objects. Using envelopes proves to be more sustainable and economical for e-commerce companies. This is likely to boost the demand for envelopes in the years to come.
By 2022, the global envelope market is projected to be worth US$ 2 Bn, growing at a CAGR of 3.0% from 2022 to 2032. According to FMI analysis, by 2032, paper envelope sales are expected to account for more than 70% of the market and total US$1.6 billion.
Sales of paper envelopes are anticipated to grow due to the rise in demand for packaging and mailing services for various types of items. By end use, envelope consumption for postal services is increasing exponentially and is anticipated to increase by 1.3 times the current usage by 2032. This is because recent changes in the postal service sector have made it possible for customers to receive free shipping envelopes.
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However, with the growth of electronic media, the consumption of envelopes for mailing has reduced significantly in the past years. Yet the demand generated from the shipping industry is likely to fuel the global demand for envelopes. Courier companies such as Fed Ex, Express Mail, and others are in constant need of envelopes for shipping light-weight goods. Thus, the overall outlook for envelopes seems to be positive during the forecast period.
Manufacturers also offer printed envelopes which areve used by companies to enhance the aesthetics of the envelope and put branding information on it. Seral printing techniques are available for printing on envelopes, including flexographic, offset, gravure, and more. Using customized printing techniques makes the envelope stand out and gives it a professional impression. Thus, the demand for printed envelopes is likely to grow at a moderate rate during 2019-2029.
Envelope Market: Dynamics
As digital media continues to boom, the demand for paper and printing is shrinking. Even though the need for printing & writing paper is witnessing a decline globally, the need for envelopes is growing at a moderate pace. According to the European Federation of Envelope Manufacturers (FEPE), 45% of goods cross-border weigh less than 0.5 kg and can be delivered in envelopes. This is expected to provide a huge potential for the envelope manufacturers.
Furthermore, the e-commerce industry is expected to provide thriving growth opportunities for the global envelopes market. E-commerce companies are continually looking for light-weight packaging solutions to reduce the cost and packaging waste generated. Key players are evolving their product offerings to cater to the dynamic needs of the e-commerce industry and benefit the most out of the current scenario.
The global envelope market is estimated as a highly fragmented and competitive market with several envelope manufacturers and printers operating in different regions. Thus, the bargaining power of suppliers is expected to be reasonably low. Also, the barrier to entry is low as the manufacturing of envelopes doesn’t require sophisticated machinery and high investment. Thus, many more players are likely to enter the market, making it even more competitive. Moreover, the bargaining power of buyers is estimated to be high, as the customers have plenty of options to choose from. The bargaining power of buyers is expected to increase further as more players enter the market.
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Envelope Market: Regional Analysis
The geographical analysis of the global envelope market has revealed that the Asia Pacific accounts for more than 40% of the global demand as several e-commerce orders and couriers are fairly high in China, India, and other Asian countries.
Furthermore, several envelope manufacturers and printers operate in China who offers their products at competitive prices. Europe is expected to represent a steady demand for envelopes as direct mail constitutes nearly 30% of the total mails in the region. Middle East & African envelope market is projected to clock a moderate growth rate during 2019-2029.
Envelope Market: Key Players
Some of the key players operating in the envelope market are Sealed Air Corporation, Ohio Envelope Manufacturing Co., Neenah Inc., Capital Envelopes LLC, Encore Envelopes Ltd., Heritage Envelopes Ltd., Mayer-Kuvert-network GmbH, Sunkee Envelope, Precision Envelopes Inc., and Royal Envelope Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Envelope Market: Segmentation
Globally, the envelope market is segmented by product type, applications, closure, and geography.
By product type, the global envelope market has been segmented as follows
- Baronial
- A-style
- Square
- Booklet
- Commercial
- Customized
By applications, the global envelope market has been segmented as follows
- Commercial
- Institutional
- Household
By closure, the global envelope market has been segmented as follows
- Remoistening Seal
- Pressure-sensitive Seal
- String and Button
Reports Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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https://www.soft-clouds.com/blogs/20598/Drum-Funnel-Market-Analysis-and-Market-Studies-for-2030
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