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Mailer Packaging Market Size to Hit $89.15 billion by 2031, growing at a CAGR of 19.9%, says Coherent Market Insights

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BURLINGAME, Calif., July 9, 2024 /PRNewswire/ — The global Mailer Packaging Market is estimated to be valued at US$ 20.92 Bn in 2023 and is expected to exhibit a CAGR of 19.9% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Growing environmental concerns and sustainability initiatives, packaging manufacturers and producers have started focusing more on developing eco-friendly mailer packaging materials. Materials like recycled paper, recycled plastic, compostable plastics are being increasingly utilized for manufacturing mailers. Sustainable packaging made from renewable and recycled content helps companies meet their sustainability goals and appeal to the eco-conscious consumers.

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Market Dynamics:

The growth of the mailer packaging market is being propelled by the increasing e-commerce sales and rising demand for convenient packaging from end-use industries. E-commerce sales have surged significantly over the past few years owing to the growing preference for online shopping among consumers. According to the U.S. Department of Commerce, e-commerce sales in the U.S. reached US$ 829.47 billion in 2021, representing a 14.2% increase from 2020. Mailer packaging provides safe, convenient, and sustainable packaging for various goods sold online. Additionally, mailer packaging offers various advantages such as affordability, ease of transportation, prevention of product damage, and reusability which is boosting its demand from industries such as electronics, food & beverages, cosmetics, pharmaceuticals, and others.

Mailer Packaging Market Report Coverage

Report Coverage

Details

Market Revenue in 2024

$20.92 billion

Estimated Value by 2031

$89.15 billion

Growth Rate

Poised to grow at a CAGR of 19.9%

Historical Data

2019–2023

Forecast Period

2024–2031

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, By Material Type, By End User, By Insulation

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Growth Drivers

 

 Evolving E-Commerce Landscape Sustainability Initiatives

Restraints & Challenges

 

 Stringent government regulations on packaging materials High capital investment requirements

Market Trends:

Among the various types of mailer packaging, Kraft mailers are gaining rising popularity in the market. Kraft mailers are durable, biodegradable, and 100% recyclable. They provide excellent protection for goods during transportation and warehousing. Kraft mailers are available in various sizes and shapes to cater to products of different sizes. Customized Kraft mailers decorated with company logos are also gaining traction. Recently, compostable mailers made from plant-based materials have also emerged as a sustainable packaging trend. Further, innovations in mailing materials such as antimicrobial coatings are being increasingly incorporated by market players to provide extra protection against microbes. Advances in printing and material technologies are further expected to create new opportunities for players in the mailer packaging market over the forecast period.

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Market Opportunities:

Cushioned mailers account for around 60% of the total mailer packaging market share. They offer protection from impact and shock during transit. Growing e-commerce and shipping activities have fueled demand for cushioned mailers to safely package and transport fragile items like electronics, medical equipment, glassware etc. The cushioned mailers segment is expected to grow at a CAGR of 21.5% during the forecast period.

While cushioned mailers are preferred for fragile items, non-cushioned mailers are suitable for packaging books, apparel, food items and other non-fragile products. They are more affordable compared to cushioned variants. Increase in small parcel and last mile deliveries have supported growth of the non-cushioned mailers segment which is projected to reach a market size of $8.52 billion by 2031.

Key Market Takeaways:

The global mailer packaging market size was valued at US$ 20.92 billion in 2023. The market is anticipated to witness a CAGR of 19.9% during the forecast period 2024-2031, owing to robust growth in e-commerce and shipping activities globally.

On the basis of type, the cushioned mailers segment is expected to hold a dominant position, accounting for over 60% of the market share owing to their importance in safe packaging of fragile items during transport or shipping.

On the basis of material type, the plastic segment currently dominates the market and is projected to grow at a CAGR of 21.7% due to properties like durability, flexibility and moisture resistance.

The e-commerce end user segment holds the largest share of over 45% of the global mailer packaging market due to rising online shopping and need for effective packaging solutions.

By insulation, the insulated mailers segment holds majority share and is anticipated to surpass a market valuation of $15 billion by 2031 on account of abilities to keep products fresh or undamaged during shipping.

Regionally, North America currently dominates the global mailer packaging market with a share of over 35%, owing to strong presence of e-commerce companies and logistics infrastructure in the region.

Some of the leading players operating in the mailer packaging market include Amcor, Crown Holdings, Oji Holdings, West Rock, American Packaging Corporation, International Paper and others. Key players are focusing on capacity expansions and new product development to tap growing market opportunities.

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Recent Developments:

In September 2022, Mondi, expressed that the company would present a range of sustainable solutions for mailer packaging at the FASHPACK event.

In February 2022, Pregis EverTec mailer received an independent certification of recyclability. EverTec is a lightweight and cushioned paper mailers.

Market Segmentation:

By Product:

Cushioned MailersNon-cushioned Mailers

By Insulation:

InsulatedNon-insulated

By Material:

PlasticPaperFoil

By End-Use:

E-commerceShipping & LogisticsManufacturing & Warehousing

By Region:

North America:

U.S.Canada

Latin America:

BrazilArgentinaMexicoRest of Latin America

Europe:

GermanyU.K.SpainFranceItalyRussiaRest of Europe

Asia Pacific:

ChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia Pacific

Middle East:

GCC CountriesIsraelRest of Middle East

Africa:

South AfricaNorth AfricaCentral Africa

Browse More Trending Reports:

Disappearing Packaging Market: The Disappearing Packaging Market is estimated to be valued at USD 4.26 Bn in 2024 and is expected to reach USD 8.96 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

Hexagonal Packaging Market: The hexagonal packaging market is estimated to be valued at USD 15.99 Bn in 2024 and is expected to reach USD 24.85 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

Personalized Packaging Market: The personalized packaging market is estimated to be valued at USD 36.23 Bn in 2024 and is expected to reach USD 51.32 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

Retort Packaging Market: The retort packaging market size is expected to reach US$ 64.76 Bn by 2030, from US$ 35.43 Bn in 2023, at a CAGR of 9% during the forecast period.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:
Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone: 
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

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Youth Power: Foreign Youth Embrace China’s Economic Prospects

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BEIJING, July 13, 2024 /PRNewswire/ — In the latest episode of China Daily’s Youth Power, which aired on June 30, Jan Kerekes, a Canadian who has lived in South China’s Hainan province for six years, shared what led him to settle down here.

Hainan is really opening up. The whole world comes here, and you see the opportunities right in front of you,” Kerekes said. “It is a place where you can pursue your dreams.”

Now a teacher at Hainan University, Andreev Aleksei, a 30-year-old Russian, found Kerekes’s story particularly resonant.

“When I went back to my country, I missed the island so much that I had to come back,” Aleksei said. “Hainan not only hosts the Boao Forum for Asia but it is also the best place for windsurfing and parachuting.”

To encourage international talent to come, Hainan has introduced 16 measures to streamline living and working conditions for foreigners.

For example, Aleksei mentioned that Hainan offers numerous benefits and advantageous policies to assist global talents in establishing businesses in the region.

“[The application process] takes just three days, and it can be completed entirely online, even for foreigners,” he said.

The young guests visited the Haikou Municipal Government Service Center to learn more about these measures. There, they met people from around the world with different needs — whether for visas, education, or business.

“I think it’s a testament to the inclusivity of the entire province,” said Jood Ghazwan Sharaf, a 27-year-old Bulgarian student at Tsinghua University.

Dylan Walker, 27, from the United States, was impressed by the efficiency of the “one window for all” system.

“It’s like a one-stop service,” he said. “You don’t have to run all over the place.”

In addition to aiding tourists and residents in their daily lives and business activities, Hainan has made significant economic progress.

One notable example is the Yangpu Economic Development Zone, which has evolved from a small port into Hainan’s largest international port.

In the zone, the young guests explored the Yangpu Offshore Wind Power Industrial Park, where they discovered Hainan’s commitment to developing its marine economy and striving for a harmonious coexistence with the ocean.

According to Lin Qingsong, the park’s general manager, while Hainan’s wind power utilization is still in its early stages, this project stands out as a pioneering model for future large-scale offshore wind power initiatives.

“We can see that China is not an economy that goes within itself. It goes outward to benefit the rest of humanity,” Sharaf said, impressed by China’s innovative economic experiments.

As a global resident of Hainan, Aleksei believes that this island is not only a dynamic free trade model but also a natural paradise that strikes a balance between work and leisure.

“This is quite a unique place in China,” Aleksei said. “No matter what purpose brings you here, whether it’s tourism, starting a business, or work, just come here, and you will fall in love with it.”

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SOURCE 21st Century English Education Media

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Unimoni Student Stars 2024 – Scholarship & Rewards Program Launched: Study Abroad with ₹12 Lakhs Scholarship

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KOCHI, India, July 13, 2024 /PRNewswire/ — Unimoni, a leading provider of international money transfer services, is thrilled to announce the launch of its highly anticipated Unimoni Student Stars 2024 scholarship program. This year, the program offers a staggering ₹12 lakhs in scholarships and prizes, empowering ambitious Indian students to pursue their educational dreams abroad.

Unimoni Student Stars 2023 proved to be a monumental success, underscoring Unimoni’s commitment to nurturing India’s brightest talents pursuing international education. The program garnered widespread acclaim for its inclusive approach and impactful support of deserving students nationwide.

Building on last year’s initiative’s resounding achievements, which supported numerous talented students in pursuing overseas education dreams, Unimoni aims to elevate its impact further in 2024. The Unimoni Student Stars 2024 scholarship program launched with increased prize offerings, expanded eligibility criteria, and enhanced participant engagement initiatives planned. The company is poised to attract an even broader pool of exceptional candidates.

Beyond the Mega Scholarships: Exciting Rewards Throughout the Year

The Unimoni Student Stars 2024 scholarship program offers a tiered prize structure. The grand prize winner receives a life-changing scholarship of ₹5 lakhs. Additionally, one student will be awarded a second prize of ₹2 lakhs and three deserving students will receive scholarships worth ₹1 lakh each. Every quarter during the application period, lucky applicants will have the chance to win a new laptop. Every month, registered students can win a stylish trolley bag, perfect for their international studies. Plus, every participant secures a coveted free study abroad forex card.

Brace yourselves for a journey of triumph and rewards with Unimoni Student Stars 2024.

Eligibility Criteria

The Unimoni Student Stars 2024 scholarship program is open to Indian students either pursuing higher education abroad or planning to do so. To be eligible, candidates must register on the Unimoni or Remit Forex website with relevant details by March 31, 2025. Eligibility criteria include securing 60% or more in 10+2/diploma or graduation from institutions recognized by CBSE/ICSE/UGC/State/Central government. Candidates must also possess a valid offer letter from a foreign university. Indian students studying overseas are eligible but must update their university details during registration.

The registration process is straightforward

The application process is designed to be simple and convenient. Students can register online at the Unimoni website or the Remitforex website. Or scan QR codes from advertisements or social media links and complete a dedicated registration landing page. Candidates must accept the terms and conditions after entering personal and educational details and confirming eligibility. Subscribing to Unimoni or Remit Forex’s social media pages is encouraged, and additional referral benefits are available.

The Application Window Opens July 1, 2024

Register for Unimoni Student Stars 2024

Embark confidently on the study abroad journey by joining the Unimoni Student Stars 2024 program. Register now to unlock exclusive benefits and services tailored to support every international education dreams. From seamless outward remittance solutions to expert guidance on financial transactions, Unimoni ensures everyone’s study abroad experience is smooth and stress-free.

Follow Unimoni on social media for updates on the Unimoni Student Stars 2024 scholarship program and other exciting initiatives.

Don’t miss out – seize this opportunity to realize global ambitions with Unimoni. Please register today and let Unimoni empower candidates on their educational journey abroad.

To begin the registration process, please visit https://cutt.ly/xehwoWCk  

About Unimoni & Their Customized Services to Meet Everyone’s Needs

Committed to facilitating global education opportunities, Unimoni empowers students to achieve their academic dreams abroad and promotes its services to aspiring students.

Whether you’re remitting funds for tuition fees or living expenses, Unimoni ensures secure and streamlined outward remittance services. Unimoni’s competitive rates and efficient exchange services also make navigating currency exchanges seamless. Our exclusive study abroad forex card offers convenience and security, facilitating hassle-free financial transactions wherever you are. If you need assistance with Guaranteed Investment Certificates (GICs), Blocked Accounts, or Foreign Telegraphic Transfers (FTS), Unimoni provides expert guidance and support.

Unimoni facilitates effortless payments for university fees, hostel charges, and other expenses abroad, ensuring timely transactions to support your academic journey. Unimoni offers comprehensive health insurance plans, flexible and competitive overseas education loan options, and suitable student accommodation to ensure a smooth transition to your new academic environment. You need not worry about visa procurement, passport assistance, flight bookings, and pre-departure orientation!

Unimoni Financial Services Ltd
Web: https://www.unimoni.in / https://remitforex.com  
Email: care@remitforex.com  
Contact : +918129922232

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Faith In Young Champions: Hisense Partners with UEFA Foundation to Bring the Beautiful Game to Hospitalized Children

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QINGDAO, China, July 12, 2024 /PRNewswire/ — During the EURO 2024 tournament, the global home appliance and consumer electronics brand Hisense and the UEFA Foundation jointly launched “Faith In Young Champions,” a public welfare initiative. Innovative robots powered by Hisense enabled hospitalized children from 22 countries to virtually connect with 23 EURO 2024 matches, fulfilling their dreams of attending the event despite physical limitations.

During these periods, children can employ the robot to gain entry into exclusive areas, such as the warm-up zone, locker room or VIP section, directing interaction with their beloved players or teams, so that every football-loving soul can express the purest passion of live football in this way.

As part of its commitment to improving the lives of children, Hisense wants to leverage user-centric technology and social responsibility worldwide. For this remarkable occasion, Hisense supported state-of-the-art commercial products like interactive displays to a hospital in South Africa, and the children had the enriching opportunity to learn how this technology works through interactive activities with the help of volunteers. Also, hospital can use that in their daily office, meeting or discussion, making their working processes more electronic and convenient. 

“We gladly accept the digital board and it will go a very long way to share ideas and brain storm with the directors, doctors and management teams of the hospital, this digital version will make life so much easier.” According to the manager of hospital.

UEFA Foundation was founded in 2015 as a charitable organization governed under Swiss law, with a long-standing philosophy that aligns with the concepts of youth care and social responsibility of Hisense. During the EURO 2024 tournaments, fans also noticed “BECAUSE EVERY CHILD IS A CHAMPION” slogan on the LED board at the pitch side, which perfectly coincides with the “Faith In Young Champions” proposal called upon by Hisense this year, also making the collaboration more possible.

Carine Nkoue, General Secretary of the UEFA Foundation, said, “Football is not only the number one sport in the world but is also a great platform to create solidarity projects for those in need. I would like to encourage all of you to join the activities of the UEFA Foundation for children and become a supporter of this global initiative. With Hisense’s support and the solidarity of the European football family, we can achieve even more.”

Engaging in charitable endeavors and fulfilling corporate social responsibility has long been a cornerstone of Hisense’s corporate culture. The company has proactively allocated resources towards public welfare initiatives with the concept of helping everyone enjoy every moment of life with user-centric technology.

Thanks to its global presence in the diversity industries, Hisense is empowered to take on a broad range of social responsibilities to enhance healthcare and education standards worldwide. Hisense exports ultrasound and other equipment to over 20 countries in Asia, Central and Eastern Africa, and Europe to meet a diverse range of those in needs. Hisense’s commercial display products have also gained market traction in over 40 countries, including Europe, the United States, and the Asia-Pacific region.

For many years, Hisense has actively participated in public welfare activities initiated by world-class sports events. The collaboration this time is a spiritual inspiration to upgrade the CSR campaign from product sponsorship to beyond time and space.

Looking ahead, Hisense and UEFA Foundation will keep working to advance their philanthropic efforts and provide greater benefits to various regions around the world by leveraging their respective resources. 

About Hisense
Hisense is a leading global home appliance and consumer electronics brand. Hisense’s business covers multimedia products (with a focus on Smart TVs), home appliances, and IT intelligent information. Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and Q1 2024, and now operates in more than 160 countries.

 

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SOURCE Hisense Group

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