The forecast for the UK market of envelopes, letter cards, plain postcards, and correspondence cards of paper or paperboard suggests a consistent decline from 2024 to 2028. In 2023, the sold production stood at 138.45 million Euros. Year-on-year, there is a decrease of approximately 7-9% annually. The compound annual growth rate (CAGR) over the five-year period beginning 2023 shows an average reduction of roughly 7.5% per year.
Future trends to watch for:
- Continued digitalization, leading to a steady decline in traditional correspondence products.
- Potential niche market growth for high-quality or personalized postal products.
- Environmental sustainability trends potentially impacting production materials and consumer preferences.