Postal Packaging Market to Reach US$ 20.1 Billion by 2031, Expanding at a CAGR of 5.5%: TMR Report

Increase in demand for high-quality packaging solutions and increase in preference for strong, durable, and eco-friendly packaging driving the market growth during the forecast period

| Source: Transparency Market Research Transparency Market Research

Wilmington, Delaware, United States, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global postal packaging market is projected to flourish at a CAGR of 5.5% from 2022 to 2031. As per the report published by TMR, a valuation of US$228.3 20.1 billion is anticipated for the market in 2031. As of 2023, the market for postal packaging is expected to close at US$ 12.8 billion

The rise of cross-border e-commerce has increased the complexity of postal packaging requirements, driving the need for durable, secure, and compliant packaging solutions. Postal packaging is a lightweight, eco-friendly, and cost-effective solution for commercial and institutional applications. Boxes and cartons are reusable and eco-friendly; hence their demand is rising across the globe.

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Competitive Landscape

Large numbers of key players control the majority of the share in the fragmented global postal packaging market. According to the postal packaging market competition analysis, these players are focusing on R&D to develop sustainable products. Transparency Market Research has profiled the following players in its global postal packaging market report:

  • Smurfit Kappa Group
  • DS Smith Plc
  • WestRock Company
  • Mondi Group Plc
  • Cenveo Corporation
  • Rengo Co. Ltd.
  • Neenah, Inc.
  • Bong Group
  • Papier-Mettler KG
  • PolyPAK Packaging
  • United Envelope
  • Victor Envelope Company
  • Tampa Envelope Manufacturing Co., Inc
  • Envelope 1
  • JBM Company
  • Royal Envelope
  • Elite Envelopes & Graphics Inc.
  • WB Packaging Ltd.
  • Poly Postal Packaging Ltd.
  • GWP Group
  • DuPont

Key Developments in the Postal Packaging Market

  • Mondi Group has been working on innovative packaging solutions, including sustainable and recyclable materials. They are involved in the development of paper-based and flexible packaging options.
  • WestRock has been focusing on e-commerce packaging solutions, including corrugated boxes and packaging automation technologies. They aim to improve the efficiency of the packaging process.
  • Smurfit Kappa has been investing in sustainable packaging options, including paper-based and corrugated packaging. They have introduced solutions such as Bag-in-Box for liquid packaging.
  • DS Smith has been developing sustainable packaging materials, including corrugated packaging with a reduced environmental footprint. They have also introduced packaging design and testing services.

The rapid growth of e-commerce has led to an increased demand for postal packaging. The increasing trend of online shopping requires secure and efficient packaging solutions for the delivery of goods, is expected to expand the growth of postal packing.

Growth in third-party logistics (3PL) services to fuel demand for postal packaging. As 3PL helps retailers and manufacturers to grow their sales and enhance the outsourcing of products.

Growing consumer awareness and environmental consciousness has led to a shift towards sustainable packaging materials and practices. This includes the use of recyclable, biodegradable, and eco-friendly materials in postal packaging solutions

Key Takeaways from the Market Study

  • As of 2022, the postal packaging market was valued at US$ 12.4 billion
  • By material type, paper and paper board segment to account for the highest market share during the forecast period.
  • Based on packaging format, the envelope segment accounts for the highest market share due to their low cost as compared to other variants
  • Based on end-user, the institutional/commercial segment is expected to generate high revenue during the forecast period, due to the increased demand for reliable and safe packaging solutions for various institutional work.

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Postal Packaging Market: Key Trends and Opportunistic Frontiers

  • Increasing technologically advanced packaging technologies, such as automated packaging and smart packaging solutions, improve efficiency and reduce operational costs, driving the market demand.
  • The growing need to protect products during transit and prevent tampering has led to the development of tamper-evident and security-enhanced packaging solutions.
  • Manufacturers are focusing on providing innovative and sustainable postal packaging solutions to their customers in order to strengthen their position.

Postal Packaging Market – Regional Analysis

  • Asia Pacific is projected to be the fastest-growing market for postal packaging during the forecast period, due to the rapid growth of e-commerce in the region. Sustainable packaging materials, such as paper-based and biodegradable options, are gaining traction in the region.
  • North America is expected to account for a significant share of the global postal packaging market. The market is anticipated to grow at a high pace, due to the e-commerce growth and cross-border shipping. United States, is a major market for postal packaging due to the widespread adoption of e-commerce.

Postal Packaging Market – Key Segments

Material Type

  • Paper & Paperboard
  • Plastic
  • Tyvek

Packaging Format

  • Envelope
  • Mailing Bag
  • Box & Carton
  • Wrap

End-use

  • Institutional/Commercial
  • Household

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Tags

Postal Packaging Market Postal Packaging Envelope Mailing Bag Box & Carton Paper & Paperboard Plastic Tyvek Commercial

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