August 12, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Envelope manufacturers are increasingly adopting recyclable paper in response to global push toward sustainable packaging solutions. Additionally, the need for incorporating lightweight and transparent packaging material in envelops offers value-grab opportunity for industry players in the envelope paper market. An in-depth business intelligence study by TMR found that the envelope paper market size was pegged at US$ 3.1 Bn in 2021.
Paper companies are tapping into the massive demand for packaging mailers in postal services in a bid to boost their envelope paper market growth shares. A scrutiny of the ongoing trends suggest that envelope paper market companies are embracing new printing technologies. Furthermore, they are leaning on commercializing inexpensive bright white paper for envelopes used in direct mail. Massive usage of envelops in e-commerce industry presents tremendous opportunities.
Rising usage of packaging envelops in e-commerce has led to a robust uptick in demand for envelope paper. Lightweight envelope paper in variety of shapes and sizes is extensively utilized, thereby generating humungous opportunities for firms in the envelope paper market. Aside from emphasis on product attributes that make up for secure packaging, companies are also unveiling envelopes with new designs for third-party mailers.
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Key Findings of Envelope Paper Market Study
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Envelope Paper Market: Key Drivers
Envelope Paper Market: Regional Growth Dynamics
Asia Pacific, the study has estimated, is anticipated to hold a major share of the global envelope paper market during the forecast period. The region is home to businesses who are increasingly augmenting the local production of paper in developing countries, notably in India and China. The region is also a key consumer of envelope paper globally, all of which makes it a markedly lucrative market. The demand for products in the Asia Pacific envelope paper market is likely to proliferate especially on the back of a flourishing e-commerce sector.
Envelope Paper Market: Competitive Dynamics
High degree of fragmentation is characterizing the competition landscape of the envelope paper market, mainly due to the presence of several players holding significant stakes.
Some of the key players in the market are Kuvert Polska Group, Koehler Paper, JK Paper, Lintec Corporation, Neenah, Inc., Domtar Corporation, Stora Enso Oyj, UPM Technologies, Inc., International Paper Company, and Mondi Group.
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