The global mailing box market is transforming itself in an era dominated by swift globalization, technological transformation, and continuous innovation. A mailing box ensures that the content reaches the consumer undamaged, untainted and in a good condition. The packages made of paperboard also have the power to build brands, create dominant shelf-presence and help in driving the sales.
Although, mailing operators across the globe are trying to balance their business portfolios by shrinking their dependency on traditional mail businesses still, letter mail shows a significant revenue share in the mailing box market. However, the structural drop in physical letter mail volumes across the globe is a huge challenge for the mailing box market. In the absence of any major economic crunch, sales in key global markets are expected to rise steadily over the forecast period of 2016-2024.
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Mailing Box Market - Market Segmentation:
The global mailing box market can be segmented on the basis of material type, end use, and by region. On the basis of material type, mailing box market can be segmented into paper & paperboard, metal, plastics, etc. Paper and paperboard type can be further categorized into corrugated card, white board, duplex board, and cardboard. On the basis of the end use mailing box market can be segmented into residential and institutional or commercial. On the basis of region, mailing box market can be segmented into North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.
Mailing Box Market - Market Dynamics:
The growing online sales is expected to be the major driver for the growth in the mailing box market. Other factors that are fueling the growth in the mailing box market are the developed economic conditions and e-commerce growth. Further, the growth in the e-substitution together with the stronger delivery options of mails and parcels in recent years drives the growth in the mailing box market.
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In addition, the growing innovation and advancements like introduction of new lightweight mailing box that maximize space for postal warehouse also escalates the growth in the mailing box market. However, the reduction in paper usage due to several government regulation for sustainable environment can act as a restraining factor for growth in the mailing box market. Meanwhile, most of the mailing box operators are participating in environment sustainability by making environment-friendly mailer packaging products.
Additionally, there is an enormous opportunity for growth in e-commerce, mainly as businesses look to grow customer satisfaction and boost sales by adopting different channel models with clearer links between online and physical postal ways.
Mailing Box Market - Regional Outlook:
Geographically, the global mailing box market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global mailing box market is expected to witness a stable CAGR over the forecast period of 2016-2024. Asia Pacific is expected to witness the maximum growth in the mailing box market driven by the growth in ecommerce.
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The online shoppers in Asia Pacific account for more than a third of the global e-commerce market. However, North America is expected to experience an average growth in the mailing box market, as the market is almost matured and there is less scope for growth in this region. Europe is expected to witness an above average growth in the mailing box market primarily due to the growth in the institutional and commercial use.
Mailing Box Market - Major Players:
Some of the major players identified across the globe in the protective packaging market are ASIA PULP & Paper Company Ltd, International Paper Co., Stora Enso Oyj., Upm-Kymmene Oyj, Smurfit Kappa Group Plc, Nippon Paper Industries Co., Ltd., Mondi Plc., Cascades Inc., Domtar Inc., Chongqing Lee & Man Paper Manufacturing Limited, Shandong Chenming Paper Holdings Limited, Nine Dragons Paper (Quanzhou) Co., Ltd., ABITIBI BOWATER.
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