The envelope market is expected to experience steady growth, with an estimated average compound annual growth rate (CAGR) of 3.1% during the forecast period. By 2023, the market is projected to generate a revenue of approximately US$ 1.9 billion. Furthermore, it is anticipated that the market will surpass a value of US$ 2.67 billion by the year 2033
Envelopes play a significant role in the postal services sector, and their consumption is expected to expand 1.3 times the current level by 2032. Recent advancements in the postal delivery industry, such as providing free shipping envelopes to consumers, have contributed to this growth. Consumers are increasingly opting for lightweight, pocket-friendly envelopes that are designed for recycling, and manufacturers are focusing on incorporating more environmentally-friendly materials into their production processes.
The envelope market in North America and Europe is poised to benefit from increased purchasing power, rising wages, and an improved standard of living. The Middle East and Africa are also expected to witness significant expansion in the envelope industry.
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While electronic communication has reduced the volume of correspondence sent through envelopes, the demand for envelopes is projected to grow globally due to the requirements of the shipping industry. Courier businesses like FedEx and Express Mail are in constant need of envelopes for shipping lightweight items.
Key Takeaways:
- The global envelope market is forecasted to reach US$ 2 billion by 2022, with a CAGR of 3.0% from 2022 to 2032.
- Paper envelopes are expected to dominate the market, accounting for over 70% of the market share by 2032.
- The demand for envelopes is driven by the need for packaging and mailer services for various goods.
- Postal services are a significant end-use segment for envelopes, with anticipated growth due to recent developments in the industry.
- Manufacturers are focusing on lightweight and recyclable envelope designs to meet consumer preferences and environmental concerns.
- North America, Europe, and the Middle East are expected to experience growth in the envelope market.
- Despite electronic communication reducing traditional correspondence, the shipping industry’s requirements contribute to the demand for envelopes.
Competitive Landscape
The presence of a large number of companies has rendered the envelop market fragmented. North America and Europe are home to some of the leading envelope manufacturers and they consistently offer top-grade quality and experience. Leading e-commerce brands are shifting to sustainable packaging solutions, which will aid the overall market growth.
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Some of the recent developments in the market are as follows –
- In March 2022, Amazon has replaced single-use plastic bags for the packaging and distribution of its goods in the United Kingdom Now consumers will receive packaging is flexible paper bags and cardboard envelopes that are easily available, made up of more recycled content, and reduce volume compared to deliveries in corrugated cardboard boxes.
- September 2019 – The European Federation of Envelope Manufacturers, as well as other organizations like the Confederation of European Paper Industries, put on an interactive exhibition named Paper Presents to showcase new paper goods.
- July 2019 – Henkel, a German consumer goods firm, has stated that their breakthrough EPIXTM technology would be used to combine e-Commerce packaging and food service products, which helped them acquire global acclaim by producing eco-friendly mailers. As a result, for e-Commerce applications, new mailers are replacing traditional bubble envelopes.
- Royal Envelope Ltd
- Cenveo Worldwide Limited
- BETA(ShenZhen) Package Products Co.Ltd
- Mehta Envelope Manufacturing Company
- French Paper Company
- Quality Park Products
- Heinrich Envelope
- Sheppard Envelope MFG CO.
- Northeastern Envelope Company
Supporting India’s Growth in the Envelope Market: E-commerce Expansion and Established Postal Services Drive Demand
India’s envelope market is poised for significant growth, projected to gain a 70 basis points increase in market share over the next three years. The country benefits from a vast postal network, with 156,721 postal offices operated by the Department of the Post, making it the largest postal network globally. Notably, approximately 90% of these offices are located in rural areas, indicating a strong presence in remote regions. This expansive regional market is expected to thrive at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2033.
Among various mail articles, letters account for the highest quantity of envelopes, representing 61% of out-of-mail traffic from 2019 to 2020. The increasing prevalence of courier and postal services in remote areas is driving the heightened consumption of envelopes.
Asia Pacific, including India, stands as a dominant market for envelopes due to the significant volume of e-commerce orders and couriers in the region. It accounts for more than 40% of global demand. Additionally, India boasts numerous envelope manufacturers and printers that offer products at competitive prices, contributing to the market’s growth.
In summary, India’s envelope market is supported by the expansion of e-commerce and the well-established postal services, particularly in rural areas. These factors, combined with the high consumption of envelopes for letters and the presence of cost-effective suppliers, position India as a leading market for envelope products
Market Benefits
- The study provides an in-depth analysis of the global envelope market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2023 to 2033 to enable stakeholders to capitalize on the prevailing market opportunities.
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Global Envelope Market by Category
By Material Type:
- Paper Envelope
- Plastic Envelope
By Thickness:
- Less than 75 GSM
- 75 to 100 GSM
- 101 to 150 GSM
- Above 150 GSM
By End-use:
- Postal Services
- Logistics & Shipping
- E-commerce
- Institutional
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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