The global kraft envelopes market is expected to be valued at USD 884.3 Million in 2022, expected to reach USD 995.4 Million by 2032. A CAGR worth 1.2% is expected for the market during the 2022 to 2032 forecast period.
Amidst globalization, the global courier, express, and packaging sectors are experiencing higher yearly growth rates. For its production and freight services, this rapidly rising market is increasingly seeking environmentally friendly packaging products such as kraft envelopes.
Kraft envelopes are the ideal product solution for shipping small and medium-sized important items by courier or postal services and are widely accepted in the business. Kraft envelopes are made of inexpensive and lightweight kraft paper. Brown envelopes and paper envelopes are other names for kraft envelopes. This is used for mailing documents by government organizations, banks, corporations, and educational institutions.
For safe packaging and shipment of gifts and confidential documents such as demand drafts, bank cheques, medical reports, judicial declarations, academic records, and other documents, the kraft envelope is required. Kraft paper is created from 70% to 100% recycled newsprint and other paper and paperboard materials. These are the primary drivers of the global kraft envelopes market's growth.
| Report Attribute | Key Statistics |
|---|---|
| Expected Market Value (2022) | USD 884.3 Million |
| Projected Forecast Value (2032) | USD 995.4 Million |
| Anticipated Growth Rate (2022 to 2032) | 1.2% CAGR |
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Consumers are more aware of the carbon footprint of packaging and its negative impact on the environment, prompting them to choose environmentally friendly solutions such as paper envelopes and biodegradable reusable plastic envelopes. The advantage of kraft papers over other envelopes is their ease of writing and printing. Kraft envelopes' light weight makes them the ideal choice for parcel, courier, and express services.
Kraft envelopes are also utilized in the pharmaceutical packaging industry to package medications at medical supply stores. People's attachment to print media and physical document records is also providing some inertia for consumers' choice of digital solutions in the financial and academic sectors. During the projected period, the kraft envelopes market is expected to increase at a robust compound annual growth rate (CAGR).
Some kraft letter envelopes are laterally elastic, allowing customers to make envelopes that can hold up to 100 sheets. Such things reduce the workload of consumers and so enhance demand.
Envelopes are gradually becoming obsolete as the digital revolution takes hold. Old technologies are rarely eliminated by new technologies; rather, they are repurposed, as television did not replace radio broadcasts.
Netizens are abandoning the habit and rituals of exchanging money envelopes during weddings and other special occasions, and the adoption of digital payment systems such as net banking and e-wallets for money transfer is also impeding the growth of the kraft envelopes market. E-invitations are also becoming increasingly popular, reducing the need to send kraft envelopes. Such issues may limit this market's growth during the forecast period.
Due to rising customer preference, coated kraft envelopes are likely to dominate the global market by product type. Water, oil, dust, and grease are all protected by poly-coated kraft paper.
When wrapping and interleaving objects that require a grease, oil, or another liquid barrier, this product line is ideal. As a result, these envelopes are impervious to contamination and tampering. This is the cause behind this segment's rapid growth.
In terms of revenue, the North American market is expected to grow steadily during the projection period of 2022 to 2032. Future Market Insights predicts that by 2022, the market of kraft envelopes in North America is expected to acquire a global market size of 20%.
The majority of manufacturers have their headquarters in North America, particularly the United States. When compared to producers in other countries, manufacturers in these regions offer particularly high-quality and specialized envelope paper.
The rising number of occasions to gift and welcome people and acquaintances with greeting cards has contributed to an increase in the demand for kraft envelopes in the United States.
By 2022, Europe will hold 22% of the global market share. This region is expected to be the fastest-growing market in terms of revenue during the forecast period, 2022 to 2032.
Due to the huge volume of e-commerce orders and couriers in various European nations, Europe has emerged as the market leader in the worldwide kraft paper envelope industry. Furthermore, Germany has a variety of envelope manufacturers and printers who sell their products at affordable prices. This is a primary driver driving the region's kraft envelopes market.
Creative and modern material-based kraft envelopes are capturing the attention of consumers. Self-sealing envelopes that assure product safety and provide tamper evidence are in high demand among consumers. Aside from that, printed and fully recyclable envelopes are winning the race.
Asia Pacific is predicted to lead the global kraft envelopes market, with India and China contributing significantly. The Asian region's Kraft envelopes market is dominated by small and medium-sized competitors.
The growing use of print media has resulted in hundreds of tons of waste paper, which can be recycled to make kraft envelopes. This trend is particularly noticeable in India, China, and Japan. Growing digital media has had a mild impact on print media during the last decade, but the intensity may increase in the long run.
The key players in 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.
| Report Attribute | Details |
|---|---|
| Growth Rate | 1.2% CAGR |
| Market value in 2022 | USD 884.3 Million |
| Market value in 2032 | USD 995.4 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, Application, End Use, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | United States of America, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | 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 |
| Customization Scope | Available on Request |
The global kraft envelopes market is expected to grow at a 1.2% CAGR and secure USD 995.4 Million by 2032.
Europe is expected to be the fastest-growing market for kraft envelopes, expected to acquire a market share of 22% in 2022.
Royal Envelope, Cenveo Corporation, Sangal Papers Ltd., and BETA (ShenZhen) Package Products Co. Ltd. are some of the known players in the kraft envelopes market.
Kraft Envelopes Market
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