Analysis by Material (Pulp, Fiber, Synthetic, Colored & Specialty Paper, and Others); by Type (Open Sided, and Open Ended); by Stiffness (Hard, and Soft); by End-user (Commercial, and Personal); and by Thickness (>70 GSM, >100 GSM, and >150 GSM) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now
The global envelope paper market is estimated to garner a revenue of USD 4,000 Million by the end of 2033 by growing at a CAGR of ~2% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 3,200 Million in the year 2022. The growth of the market can be attributed to the increasing utilization of envelope paper for various applications such as postal, gifts, packaging, and others. Furthermore, the growth of the market is also expected to grow on the back of growth in paper production. For instance, according to the data provided by the United States Environmental Protection Agency (EPA) in 2022, the number of paper products used in the U.S. over the past 20 years has increased by 126%, from 92 million tons to 208 million tons.
Get more information on this report:Download Sample PDF
Since, it is a common product used in daily life owing to the increase of industrialization, education, and commercial activities, envelope paper is well known to all people. Even though an envelope is merely a folded piece of paper intended to hold a flat object such as a card or letter, it is a frequent packing item and a crucial component of a country's communications infrastructure. To send letters, cards, or documents via postal mail services, envelope paper is typically utilized. There are numerous varieties of envelope paper available on the market. The way the paper is used varies depending on the applications, including commercial, and personal. For instance, about 129 million envelopes were sold in the U.S. in 2021.
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
~2% |
|
Base Year Market Size (2022) |
~ USD 3,200 Million |
|
Forecast Year Market Size (2033) |
~ USD 4,000 Million |
|
Regional Scope |
|
Growth Drivers
Growing Demand for Envelope Paper in the Postal Industry – Envelopes have a steadfast demand across the globe, especially in the postal industry. According to statistics, over a billion envelopes are produced and sent across the globe every year.
The postal industry has a higher demand for envelope paper since it delivers letters, greeting cards, and official documents, such as credit cards, debit cards, and others, directly to the respective person in physical form. Hence, such a higher demand is expected to hike the market growth over the forecast period.
Increasing Requirement for Ceremonial Purposes and Gifting – Decorative paper envelopes have been used as a gift item for a long time. According to statistics, over 80% of people believe that social media cannot replace greeting cards. Every year, around 6 billion greeting cards are bought by Americans. An estimated USD 8 billion in greeting card retail sales occur each year.
Increasing Awareness of the Uses of Plastic – Plastic as a packaging material is being globally discouraged, and this has led paper to become an easy alternative to plastic packaging materials. For instance, over 90% of used plastic is not recycled around the globe.
Escalating Requirement for Sending Important Documents - Paper envelopes are commonly used to send important documents, by both private and government parties. For instance, in India, Permanent Account Number (PAN) cards are sent via postal service in a paper envelope to the concerned individuals. In 2018, over 19 million PAN cards were registered in India.
Challenges
Digital transformation in every sector has replaced the use of paper in everything from small transactions to notaries, and storage of legal documentation is now done using the internet. Such a higher prevalence of digitalization backed by the up-surged utilization of the internet is projected to hamper the market growth over the forecast period
The global envelope paper market is segmented and analyzed for demand and supply by end-user into personal and commercial. Out of these segments, the commercial segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the higher prevalence of e-commerce across the globe that uses envelope papers to distribute the products among the people. Moreover, commercial use of a product includes advertising, marketing, and promotion by businesses. It is one of the major components in the marketing of envelope paper. For instance, retail e-commerce sales are projected to grow by over 53% by 2026 globally.
The global envelope paper market is also segmented and analyzed for demand and supply by material into pulp, fiber, synthetic, colored & specialty paper, and others. Amongst these three segments, the colored & specialty paper segment is expected to garner a significant share. The growth of the market can be attributed to the higher utilization of specialty paper since it is available in multiple colors, textures, finishes, and weights. Specialty papers are also tear-resistant and comprise intriguing features. For instance, in 2021, the consumption of specialty papers is estimated to be around 55 million tons worldwide.
Our in-depth analysis of the global envelope paper market includes the following segments:
|
By Material |
|
|
By Type |
|
|
By Stiffness |
|
|
By End-User |
|
|
By Thickness |
|
The Asia Pacific envelope paper market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed to higher consumption of paper, backed by the presence of multiple documents in form of paper in several government and private organizations. For instance, China is estimated to nearly 100 million tons of paper consumption every year. Furthermore, a rise in the regional population is also estimated to propel market growth over the forecast period. As of 2021, the population of India alone is estimated to hit approximately USD 1 billion which accounts for approximately USD 3 trillion of the nation’s gross domestic product (GDP). As the population rises, the demand for envelope paper is still set to rise owing to the current utilization of envelope paper for several purposes, such as official documentation, postal uses, and others. For instance, in 2023, the domestic postal mail volume of Japan was ascribed to nearly 20 billion items, while approximately 25 million items were internationally dispatched via postal mail. Hence, such factors are estimated to boost the growth of the market over the forecast period.
JK Paper Ltd.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Growing demand for envelope paper in the postal industry is the major factor driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~2% over the forecast period, i.e., 2023 – 2033.
Ans: Rising use of digital documents and paperwork is estimated to be the growth hindering factor for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Moorim Paper Co. Ltd., Mohawk Fine Papers, Inc., Koehler Paper SE, Packman Packaging Private Limited., Cosmo papers, Sangal Papers Ltd., TOMPLA INDUSTRIA INTERNACIONAL DEL ENVELOPE, SL, Kuvert Polska Spolka z o.o., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by materials, type, stiffness, end-user, thickness, and region.
Ans: The commercial segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Submit Your Request For Proposal (RFP)
