Increasing demand for sustainable material-based packaging solutions, along with the expansion of the foodservice and ecommerce sectors are expected to boost the global padded mailers market over the forecast period,” says an FMI analyst.
As per a recent market analysis by Future Market Insights (FMI), the global padded mailers market are projected to total US$ 1.7 Bn in 2021. With sales growing at a 5% CAGR, the market valuation is forecast to reach US$ 2.5 Bn by 2031.
Increasing applications of padded mailers in various sectors such as logistics & transportation, pharmaceuticals, food & beverages, electrical & electronics, automotive, cosmetics and personal care will continue boosting the market
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These products are used for shipping various products that are delicate in nature, such as jewellery, electrical and electronics products. They reduce the risk of damage as compared to traditional mailers owing to its thickness and toughness of the cardboard paper. The durability and excellent strength of the padded mailers are expected to fuel sales in the market in the forthcoming years.
Padded mailers can be easily recycled as they are manufactured using 100% plant-based material such as corrugated paper. Once the mailer has been used, it can be recycled again for using post-consumer recycled content.
To improve sustainability, manufacturers are actively using the same material for cushions and envelopes. This has reduced recycling efforts for segregation of waste material. Driven by this, sales of kraft padded mailers are increasing in the ecommerce sector for delivering sustainable products like green and eco-friendly cosmetics.
Key Takeaways:
- On the basis of the material, sales of polyethylene (PE) padded mailers are projected to account for more than 50% of the total market share by 2031.
- Based on closure, the peel and seal segment is forecast to expand at a 5.7% CAGR between 2021-2031.
- In terms of end use, the manufacturing and warehousing segment is anticipated account for 40% of the total market share by 2031.
- The U.S. is expected to account for 87% of the North America market share over the forecast period.
- Demand in the U.K. market is forecast to hold 20% of the Europe market share by 2031.
- India will emerge as a lucrative market, creating and incremental opportunity of US$ 102 Mn over the assessment period.
- China is expected to account for a dominant share of the East Asia market, accounting for 90% of the market share by 2031.
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Leading players operating in the market are investing in research and development to launch sustainable padded mailers. Besides this, players are also investing in mergers, acquisitions, collaborations and partnerships to expand their production facilities. For instance:
In June 2019, Sealed Air Corporation acquired MGM’s flexible packaging business. MGM is a privately held company that is headquartered in Manila, the Philippines. The acquisition will allow the company to expand its food packaging operations in Asia.
Key Players:
Some of the key players covered- 3M, Intertape Polymer Group Inc., Sealed Air Corporation, PAC Worldwide Corporation, Polycell International Corp., Storopack Hans Reichenecker GmbH, Vereinigte Papierwarenfabriken GmbH, Pregis LLC, Jiffy Packaging, Proampac LLC are some of the leading players operating in the market. As per FMI, top 5 players are projected to hold 20-25% of the total market share over the assessment period.
Padded Mailers Market by Category
By Material:
- Kraft Paper
- White Kraft Paper
- Brown Kraft Paper
- Polyethylene
- HDPE
- LDPE/LLDPE
- Fiber-based
By Closure:
- Self-seal
- Peel and Seal
By End Use:
- Manufacturing & Warehousing
- Pharmaceuticals
- Electrical & Electronics
- Auto & Allied
- Food & Beverage
- Cosmetics & Personal Care
- Others (Agriculture, etc.)
- E-commerce
- Logistics & Transportation
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East and Africa (MEA)
- Oceania
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