Postal Packaging Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

Postal packaging market is facing severe competition from emerging technologies of packaging. To sustain growth most companies are therefore focusing on eco-friendly and recyclable materials for production. For instance the use of corn starch, cardboards, and papers for producing packages used in postal services is increasing.

Some of the key takeaways from the report are as follows:

  • The postal packaging market is expected to reach US$ 11.2 Bn by the end of 2020
  • The demand for flexible and sustainable packaging is expected to rise significantly
  • Asia Pacific is forecast to hold the leading market share
  • Retail environment in emerging nations such as India, China, and Malaysia will favor growth of the market

Increasing Demand for Online Delivery to Underpin Growth Post Pandemic

Temporary suspension of production due to the COVID-19 outbreak will significantly impact the market’s growth. Business will be particularly hampered in countries witnessing partial or complete lockdown. Nonetheless, recovery is on cards especially on account of the ecommerce boon and rising demand for last mile delivery.

Demand to Pick Up in Response to Booming Online Sales

The demand for postal packaging is expected to rise significantly in the coming years. Thanks to rising online sales, the market is no longer dependent on traditional post organization, instead it is operating in a more dynamic environment.

Studies suggest that ecommerce express and parcel capacities have surged by more than 5% in the last couple of years. Coupled with this, new designs and cutting-back on paper use have been significantly driving the postal packaging market.

Novel technologies and changing consumer preference are causing monumental shifts in strategic priorities of postal packaging. Digital transformation has been impacting delivery and supply trends. Advent of cross-border ecommerce is further compelling postal organizations to improve their delivery experience.

Consequently, there is immense focus on new business models that will help these organizations to reduce cost incurred and realize growth. Many of them are pivoting towards advanced methods of packaging.

From simple yet practical bamboo plastic packaging to biodegradable cosmetic packaging, several trends have paved their way into the market, enabling growth since the last few years.

Convenience, Sustainability, Traceability, and Flexibility

Certain elements that consumers expect from postal packaging include convenience, sustainability, traceability, efficiency and flexibility and other associating parameters at a pocket-friendly cost.

Changing consumer preferences and advent of novel technologies are reasons behind tectonic shifts in strategic priorities of postal packaging. Digital transformation, as discussed, is a key driver and its impact in felt in deliveries, supply, and returns, impelling postal organizations to adopt novel methods of packaging.

The demand for more sustainable packaging is driving their efforts to minimize wastage and promote the use of eco-friendly materials. Industry veterans are stressing on the need for recyclable and robust packaging for the market to stay relevant.

Evidently, researches into green alternatives to single-use envelops and plastic shrunk wrap are picking up pace. Also market players are ramping up sustainable groceries packaging while trying to achieve the perfect balance between cost and convenience for consumers.

These trends are expected to leave a significant impact on the market, altering its dynamics to suit contemporary paradigms. The demand and supply forces can manifest into lucrative prospects, given the market players are quick to respond.

Some of the leading players have adopted value engineering to redesign packaging from the ground up with an aim of saving money. Biodegradable materials such as cardboard and paper, bubble wrap, which is made from recycled polyethene and is completely biodegradable, and corn starch are often used to produce these packages.

Waste Generated from Postal Packaging Poses Threat to Market

Postal packaging is widely used for packaging of various products. Despite gaining momentum, waste generated from postal packaging is inhibiting growth in the market. Additionally, improving digital connectivity is expected to restrain growth in the coming years.

According to recent studies, the number of global internet users grew to 3.9 billion in 2018. They represent nearly 51.2% of the global population. The rising penetration of the internet and faster broadband network have made digital content increasingly accessible to consumers.

Transporting physical letter by air, land, and sea is no longer a prevalent method, which has greatly hampered the growth of the postal industry. As a result, the market has been witnessing a drastic fall in the use of postal envelops.

Demand in Tyvek Segment Forecast to Rise

Among materials, the demand for sustainable packaging is skyrocketing in the market. TMR also has highlighted consumer preference for Tyvek in manufacturing of envelopes and other postal packages.

The material is cost effect, water resistant, and light weight, which significantly aids to its rising popularity. In the coming years the material-based segment comprising of Tyvek is expected to create a sizeable incremental opportunity.

However, the paper and paperboard segment will outpace other materials, accounting for the lion’s share of the market through the forecast period.

Digitization to be a Setback for Envelopes Segment

Based on packaging format, envelopes will remain the leading segment in the market through the course of the forecast period. It is expected to account for over one-third of the overall market share.

However, rapid digitization has caused a significant setback for envelop producers. The massively reducing demand for traditional letters, mails, and posts will dent sales proceeds in the segment, subsequently paving way for boxes and cartons to emerge at the fore.

The penetration of ecommerce and last mile delivery will result in higher demand for corrugated boxes. Emerging nations especially will record high demand for boxes and cartons.

Wraps too will gain significant traction in response to the increasing demand for protective packaging solutions.

Commercial Segment to Account for Majority Sales

The commercial or institutional segment is expected to account for the leading share in the market although in coming years the household sector will offer lucrative prospects.

The rapid emergence of ecommerce and digital revolution have been structurally altering consumer preference. As a result online deliveries are gaining pace at a massive rate.

The rising penetration of ecommerce channels in global businesses will fuel demand for postal packaging in the commercial segment.

Moderate Growth Likely in Europe and North America

The postal packaging market in North America is expected to demonstrate 1.4x growth between 2020 and 2028. The demand for paper and paper board packaging is likely to be the highest in the region. Overall growth will remain moderate, especially due to consumers’ inclination for digital methods of communication. While envelopes will remain the leading segment in terms of packaging format, growth in segment will spiral downward in the coming years.

The postal packaging market in Europe will gain more from the demand witnessed in the household segment than commercial sector. Growth too is expected to be at a higher pace in the household segment in comparison to the latter. The rising penetration of ecommerce, coupled with the demand for sustainable packaging, has been aiding expansion witnessed in Europe. The consistently increasing demand from Germany, Spain, Nordic, Poland, and other countries has made the region an attractive market for postal packaging.

During the forecast period however Asia Pacific is expected to remain dominant. Despite consistent drop of physical mails, the postal packaging market in Asia Pacific has continued to grow. Opportunities generated by government offices and advertising mail services are expected to help increase revenue from mail in the near future. The rising demand from emerging nations will aid the expansion of the market in Asia Pacific.

Market Segmentation

Material Type

  • Paper & Paperboard
  • Plastic
  • Tyvek
  • Others

Packaging Format

  • Envelopes
  • Mailing Bags
  • Boxes & Cartons
  • Wraps
  • Others

End Use

  • Institutional/ Commercial
  • Household

Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Italy
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • UAE
    • South Africa
    • Rest of MEA
  • Latin America (LATAM)
    • Brazil
    • Argentina
    • Rest of LATAM

Report Scope

The Postal Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Postal Packaging market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Postal Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Postal Packaging market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Postal Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Postal Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Postal Packaging by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Postal Packaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Postal Packaging market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Postal Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Postal Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Postal Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Postal Packaging market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Postal Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Postal Packaging market. These factors have benefited the growth of the global market for Postal Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Postal Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Postal Packaging are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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