The most recent study conducted by Report Ocean, titled “Global Corrugated Mailer Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Corrugated Mailer. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Corrugated Mailer Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2022-2029. Corrugated Mailers are constructed from several layers of material rather than a single sheet such as cardboard, it is a lightweight, durable, cost-effective, and versatile packaging solution for storing small, fragile items. Used in various industries for transportation. The Corrugated Mailer market is expanding because of factors such as the growth of e-commerce and consumer shift towards sustainable packaging solutions. This market is dominated by some of the key players such as DS Smith Packaging Limited, Oji Holdings Corporation, Smurfit Kappa Group Plc and WestRock Company.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growth in E-commerce has benefited the corrugated mailer market by increasing its sales through online platforms. For instance, according to the United Nations Conference on Trade and Development (UNCTAD), global e-commerce sales reached $26.7 trillion in 2019. Additionally, the United States continues to hold the number one position in the e-commerce market. Total e-commerce sales in the US reached $9.6 trillion. Also, the ongoing digital transformation in India and the rapid adoption of smartphones are accelerating the growth of the e-commerce sector. According to the India Brand Equity Foundation, the e-commerce market is expected to reach $350 billion by 2030 and it also expects to increase the corrugated mailers market growth.
The growing trend of using sustainable and eco-friendly packaging solutions, the increasing invasion of e-commerce platforms and the thriving demand for durable e-commerce packaging have been driving strong demand for corrugated packaging for the last few decades. Moreover, the digitalization in the corrugated industry developing a new range of paper is expected to propel this market by providing future opportunities. However, the significant competition from plastic packaging stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Corrugated Mailer Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of branded products and the region’s environment and sustainability. According to the Observatory of Economic Complexity, China has been the top exporter of carton, corrugated mailers and boxes and cases, it exported paper and cardboard boxes, boxes and cartons with a value of US$ 1.26 Billion in 2020. This creates profitable opportunities for the corrugated mailers market. It is also expected to grow with the highest CAGR during the forecast period, owing to factors such as technological advancement and population demand for sustainable products, an increase in the number of collaborations for geographic expansion of key players, and the government’s stringent regulation in the market space.
Major market players included in this report are:
DS Smith Packaging Limited
Oji Holdings Corporation
Smurfit Kappa Group Plc
WestRock Company
Georgia Pacific Packaging LLC
Pratt Industries, Inc.
Tat Seng Packaging Group Ltd
Mondi Group Plc
Packaging Bee UK
Nelson Container Corporation
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Recent Developments in the Market:
In September 2020, Mondi Group opened a new manufacturing facility with production lines in Szczecin, Poland. The expansion expands the company’s packaging portfolio and streamlines its production process.
In August 2021, DS Smith developed fully recyclable packaging as part of it’s packaging design for Blue Heroes e-commerce. With this sustainably designed e-commerce package, DS Smith offers Blue Heroes eco-friendly cleaning tubs. It’s 100% cardboard with no plastic fillers and an upgraded look for online trading.
In March 2021, International Paper completed the acquisition of two of its state-of-the-art corrugated factories in Spain. Acquisition of this company will allow the company to increase its capacity in Madrid and Catalunya. In EMEA, the corrugated business is of strategic importance to the company.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
C Flute
B Flute
E Flute
F Flute
Others (N Flute, A Flute)
By Wall Type:
Single Wall
Double Wall
Triple Wall
By Board type:
Commercial
Institutional
Household
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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