Discover the Kraft Envelopes Market lucrative opportunities by 2027
Posted by Shashii Pawar on January 28th, 2019
Kraft Envelopes Market: Introduction
Global courier, express and parcel market is expanding at higher annual growth rates in last few years, due to increased population migration & globalization. The market at present is valued at approximately US$ 320 to 350 billion. This rapidly growing market is increasingly demanding environmental friendly packaging products for its shipping & transportation services. Kraft envelopes are the best product solution to ship small & medium sized valuable items by courier or postal services, which is accepted industry wide. Kraft envelopes are made of kraft papers, which are cheap and lightweight.
Kraft envelopes are also known as brown envelopes or paper envelopes. Government agencies, corporates, banks and educational institutes use this for mailing the documents. Increasing people migration across globe is pushing courier & parcel industry to new heights, which in turn drives the demand for kraft envelopes. Although growing digitization is restraining the growth of courier & postal industry, the rising cyber insecurity, & movement of physical goods is enabling the kraft envelopes market to sustain the growth. Gifts, confidential documents (bank cheques, demand drafts, and medical reports, court declarations, academic records and other documents). Kraft paper is made from 70 – 100% recycled material, from newsprints and other paper & paperboard products.
Kraft Envelopes: Market Dynamics
Growing awareness about packaging carbon footprint and its adverse effect on environment is pushing consumers to opt for environmental friendly products like paper envelopes and biodegradable reusable plastic envelopes. The advantage of kraft papers over other envelopes is easy writing & printability. Lightweight property of kraft envelopes makes it first preference for parcel, courier & express services. Kraft envelopes market in Asian region is highly dominated by small and medium scale players. The increasing number of print media has generating thousands of tonnes of paper wastage, which can be recycled to produce kraft envelopes. This trend is highly visible in countries like India, China, and Japan. Growing digital media is moderately affected print media in last decade, but in longer terms the intensity may get larger. Kraft envelopes are also used in pharmaceutical sector to pack medicines at medical stores. In financial & academic sectors to keep records. The penetration of internet and smartphone in emerging and underdeveloped economies is expected to hamper the kraft envelopes market. But, people affection and attachment to print media and physical document records is creating some inertia for consumer’s choice for digital solutions. Overall, the kraft envelopes market is expected to expand at a healthy compound annual growth rates (CAGR) during the forecast period.
Kraft Envelopes: Market Segmentation
The kraft envelopes market is segmented on the basis of product type, application and end-use. On the basis of product type, the global kraft envelopes market is segmented into coated & uncoated kraft envelopes. Based on the application global kraft envelopes, the market is segmented into gift envelopes, confidential envelopes, official envelopes, and invitations. Based on the end use global kraft envelopes, the market is segmented into parcel services, courier services and postal services. The coated kraft envelopes market is expected to dominate the global market by product type, due to increasing consumer preference.
Kraft Envelopes Market: Regional outlook
Kraft envelopes market has been segmented on the basis of region into North America, Latin America Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. APEJ is expected to dominate the overall global kraft envelopes market, with India and China together as a major contributors. Western Europe and Eastern Europe together are expected to stand at second position by market share followed by North America.
Kraft Envelopes Market: Key players
Some of the players in the global Kraft Envelopes market are Royal Envelope, Cenveo Corporation, Sangal Papers Ltd., BETA (ShenZhen) Package Products Co.Ltd., Mehta Envelope Manufacturing Company, French Paper Co., International Paper., Quality Park Products, Heinrich Envelope, Sheppard Envelope MFG CO., Northeastern Envelope Company and others.
Like it? Share it!
About the AuthorShashii Pawar
Joined: December 22nd, 2016
Articles Posted: 1,781
More by this author