The envelope market is anticipated to expand its roots at an average CAGR of 3.1% between 2023 and 2033. The market is expected to have a market share of US$ 2.67 billion by 2033 while it is likely to be valued at US$ 1.9 billion in 2023
India’s envelope market is poised for a notable uptick, with a projected gain of 70 basis points in the next three years, expanding its current market share. The extensive postal network, as highlighted in the annual report by India Post, boasts 156,721 postal offices, making it the world’s largest postal network, with a substantial presence of nearly 90% in rural areas. The regional envelope market is thriving at a commendable Compound Annual Growth Rate (CAGR) of 3.7% between 2023 and 2033, fueled by the high demand for various articles like postcards, letters, parcels, and newspapers, with letters constituting 61% of out-of-mail traffic from 2019 to 2020.
This growth is further augmented by the increasing courier and postal services in remote areas, emphasizing the significant role envelopes play in the communication infrastructure. The dominance of Asia Pacific, driven by the surge in e-commerce orders and courier services, contributes to over 40% of the global demand. India’s envelope market benefits from a mult