According to latest research conducted on Recycled Envelopes Market, the global market is projected to exhibit a CAGR of around 2% to 4.1% over the given projection period of 2021 to 2031.
Recycled envelopes, simply put, is a form of packaging that has been manufactured from recycled paper with reused content anywhere from 30% to 100%. Recycled envelopes can comprise of various types of paper based materials such as Kraft paper, specialty paper, coloured paper etc. which has been produced by recycling post-consumer paper materials.
One of the key factors that are helping to drive the growth of the global recycled envelopes market is the rise in demand for mailers and packaging envelopes because several web-based e-commerce enterprises need different types of packaging for transporting goods through mail for multiple products.
Another important driving factor for market growth has been the development of the parcel delivery industry that provides free shipping envelops to their consumers.
The paper material used for such envelopes is recyclable, easily transportable, needs less storage space, and is very light weight. All these factors contribute to the benefits of using the paper for packaging.
Moreover, it is also an environment-friendly product option compared to other traditional envelope types as well. This is also expected to act as a key driving factor for the growth of the global market. Increasing demand for recyclable envelope for packaging different products from the e-commerce sector is likely to further fuel the development of the global market.
The COVID-19 outbreak has sparked a rush for packaging material, especially for plastics. From New York to Wuhan, the demand for bubble wrap for online shopping, takeaway food containers, gloves, and face shields has surged.
And since the majority of these cannot be recycled, thus the volume of plastic waste has increased. Disruption in waste collections, shortage of labor amid social distancing challenges, and lower focus on the environment has all further exasperated the situation.
Kraft paper- which is used for making envelopes, is a sustainable product alternative which is used for packaging today, and they do not draw any negative impact on environment. Kraft papers are produced using kraft process.
Kraft papers are available in a variety of types, such as bleached, unbleached, sack, and specialty kraft papers. The outlook for the global market is predicted to be positive over the estimate period owing to growing demand of the much more sustainable paper envelope products, which are increasingly being preferred by stakeholders across the e-commerce value chain.
Geographically, the global recyclable packaging market is bifurcated into Europe, the Asia Pacific (APAC), North America, South America, & the Middle East & Africa (MEA). Of these, the APAC region is projected to enjoy a dominant share of the market over the forecast period.
The growing need for sustainable packaging in India and China, the presence of densely populated regions and untapped market, implementation of eco-friendly policies, increase in contract production processes, and growing government interest to promote eco-friendly products are adding to the recyclable packaging market growth in the region.
The additional factors adding market growth include high growth of online commerce in India and China, growing demand for packaged foods, and changing lifestyle trends.
In Europe, the recyclable packaging market is predicted to have favourable growth over the forecast period. Strict policies that have been implemented by the regulatory authorities against the usage of non-eco-friendly material are adding to the market for recyclable packaging in the region.
All of these factors are projected to stimulate demand further for the recycled envelopes market in the region.
The global recycled envelopes market is highly fragmented and competitive with the presence of several international and domestic market players. These players utilize several strategies such as contracts, collaborations, joint ventures, and partnerships, and others to stay at the forefront and also cater to the customers growing needs. Besides, they are also investing in research and development activities to strengthen their portfolios and also create hold in the market.
Some of the key players in the global recycled envelopes market include
These players offer their products in various sizes, designs, colours and paper types to cater to the varied customer demands.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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