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.
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.
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. 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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.