The market for kraft envelopes is anticipated to be worth US$ 884.3 million in 2022 and US$ 995.4 million by 2032. During the projection period of 2022-2032, the market is anticipated to grow at a CAGR of 1.2%.
The global courier, express, and package industries are growing more rapidly each year as a result of globalisation. This quickly developing business is looking more and more for kraft envelopes and other environmentally friendly packaging materials for its production and freight 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.
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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. ?
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Kraft envelopes are also used in?pharmaceutical packaging?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.
Market Competition
The key players of this market include
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. and
Northeastern Envelope Company
Key Segments Profiled in the Global Kraft Envelopes Market
Kraft Envelopes Market by Product:
Coated Kraft Envelopes
Uncoated Kraft Envelopes
Kraft Envelopes Market by Application:
Kraft Envelopes for Gifts
Kraft Envelopes for Confidential Documents
Kraft Envelopes for Official Purposes
Kraft Envelopes for Invitations
Kraft Envelopes Market by End Use:
Kraft Envelopes for Parcel Services
Kraft Envelopes for Courier Services
Kraft Envelopes for Postal Services
Kraft Envelopes Market by Region:
North America Kraft Envelopes Market
Latin America Kraft Envelopes Market
Europe Kraft Envelopes Market
Asia Pacific Kraft Envelopes Market
Middle East & Africa Kraft Envelopes Market
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