According to Stratistics MRC, Postal Packaging Market Value is expected to reach $17.30 billion by 2028 growing at a CAGR of 7.5% during the forecast period.
Postal packaging refers to the packaging of any component which is ideally packed and enclosed in a reasonably strong case wrapper or cover fastened. It is done in a certain manner to preserve the contents from loss or damage in the post and prevent any tampering. The packaging protects protect other postal articles from being damaged during transportation. Due to continuous innovations being carried out on the improvement of the physical properties of postal packaging such as enhanced durability, strength, and more, postal boxes are capable of transporting heavy materials or products. These postal packs are ideal for the packaging and transportation of spices & ingredients, OTC medicines, and others, which can be easily posted through these postal packs.
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By geography, Europe will have highest CAGR owing to the gain from the demand witnessed in the household segment than commercial sector. Growth too is expected to be at a higher pace in the household segment in comparison to the latter. The rising penetration of ecommerce, coupled with the demand for sustainable packaging, has been aiding expansion witnessed in Europe. The consistently increasing demand from Germany, Spain, Nordic, Poland, and other countries has made the region an attractive market for postal packaging.
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Some of the key players profiled in the Postal Packaging Market include Bong Group, Cenveo Corporation, DS Smith Plc, Elite Envelopes & Graphics Inc., GWP Group, IPS Packaging & Automation, Lil Packaging, Mondi Group Plc, Neenah Inc., Papier-Mettler KG, Poly Postal Packaging Ltd., Polypak Packaging, Pregis LLC, Rengo Co., Ltd., Shillington Box Company, Smurfit Kappa Group, United Envelope, WB Packaging Ltd., and WestRock Company.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2026, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Related Markets:
1) https://www.strategymrc.com/report/paper-and-paperboard-packaging-market
2) https://www.strategymrc.com/report/barrier-films-market
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