Market Forecast by Countries (United States, Canada), By Type (General Purpose, Private Label), By Usage (General Purpose Re-Loadable Card, Government Benefit/Disbursement Card, Payroll Card, Others), By End-User (Retail Establishments, Corporate Institutions, Government, Financial Institutions) And Competitive Landscape
Product Code: ETC437543 | Publication Date: Nov 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Postcard Marketย |
Forecast period | 2024-2030 |
CAGR | 5.5% |
Growing Sector | Tourism |
The North America Postcard Market report thoroughly covers the market by Countries, Type, End-User and Usage. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America postcard market is expected to grow slowly between 2024 and 2030 due to the rising trend of personalized postcards and advancements in digital printing technology. This has led to an increase in demand among millennials who value individuality and creativity in their communication methods.
According to 6Wresearch, the North America Postcard Market size is expected to grow at a significant CAGR of 5.5% during 2024-2030. One major driver for the postcard market is their versatility. Postcards can be used for various purposes, from personal greetings to business promotions. They provide an inexpensive and impactful way to convey a message or promote a brand. Another factor contributing to the growth of the postcard market is its environmental sustainability. Unlike other forms of communication, postcards do not require envelopes or packaging, reducing paper waste and promoting eco-friendly practices. Additionally, the increasing popularity of social media platforms has also played a role in driving the postcard market.
Despite these positive aspects, the postcard market also faces challenges. The rise of digital communication has led to a decline in traditional mail usage, resulting in a decrease in demand for postcards. Moreover, the increasing environmental concerns have also affected the postcard market. As people become more conscious of their carbon footprint, they tend to avoid purchasing physical products that contribute to waste and pollution. This has led to a decrease in demand for postcards.
The North America postcard market is a highly competitive industry, with several key players leading the way. One of the top players in this market is Hallmark Cards Inc., an American company known for its high-quality and creative postcards. Another major player is American Greetings, which offers a wide range of postcard designs and personalized options. Other notable players include Papyrus-Recycled Greetings, Avanti Press Inc., and Gibson Greeting Cards.
In recent years, there has been a growing trend towards environmentally friendly products in the postcard industry in North America. To promote sustainability, the government has introduced initiatives and regulations aimed at reducing waste and promoting recycling. For instance, in Canada, there is a national program called Recycle My Cell that collects old electronics, including cell phones and postcards with electronic components, to be recycled responsibly. In the United States, the Environmental Protection Agency (EPA) has implemented guidelines for paper recycling facilities to minimize environmental impacts. These initiatives have encouraged postcard manufacturers to use more sustainable materials and practices in their production processes.
The North America postcard market is expected to experience steady growth in the coming years. With the rise of digital communication, postcards may seem like an outdated form of communication, but they continue to hold sentimental value for many people. In addition, there is a growing trend towards personalized and unique postcards, which offer a more tangible and memorable experience than digital alternatives. The market is also expected to see growth due to increased tourism and travel in North America. In terms of design, there is a growing demand for eco-friendly and sustainable options, as well as customizable designs that cater to specific occasions or themes. Furthermore, advancements in printing technology have made it easier and more cost-effective for postcard manufacturers to offer a variety of designs and options. Overall, the North America postcard market is expected to continue evolving and adapting to consumer trends, while also incorporating sustainable practices.
According to Ravi Bhandari, Research Head, 6Wresearch, private label cards are gaining popularity among consumers due to their customizable features and benefits. This trend is expected to continue in the coming years, making it one of the fastest-growing segments in the market.
The usage segment with the highest growth potential is General Purpose Re-Loadable cards. These cards offer convenience and flexibility to users as they can be loaded with funds multiple times and used for various purposes. With the increasing adoption of digital payment methods, the demand for these cards is expected to rise.
Among end-users, the retail establishments segment holds the largest market share. This is due to the widespread acceptance of postcards as a secure and convenient mode of payment in retail stores.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Postcard Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Postcard Market Revenues & Volume, 2020 & 2030F |
3.3 North America Postcard Market - Industry Life Cycle |
3.4 North America Postcard Market - Porter's Five Forces |
3.5 North America Postcard Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Postcard Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 North America Postcard Market Revenues & Volume Share, By Usage, 2020 & 2030F |
3.8 North America Postcard Market Revenues & Volume Share, By End-User, 2020 & 2030F |
4 North America Postcard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Postcard Market Trends |
6 North America Postcard Market, 2020 - 2030 |
6.1 North America Postcard Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 North America Postcard Market, Revenues & Volume, By Usage, 2020 - 2030 |
6.3 North America Postcard Market, Revenues & Volume, By End-User, 2020 - 2030 |
7 United States Postcard Market, 2020 - 2030 |
7.1 United States Postcard Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 United States Postcard Market, Revenues & Volume, By Usage, 2020 - 2030 |
7.3 United States Postcard Market, Revenues & Volume, By End-User, 2020 - 2030 |
8 Canada Postcard Market, 2020 - 2030 |
8.1 Canada Postcard Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 Canada Postcard Market, Revenues & Volume, By Usage, 2020 - 2030 |
8.3 Canada Postcard Market, Revenues & Volume, By End-User, 2020 - 2030 |
9 North America Postcard Market Key Performance Indicators |
10 North America Postcard Market - Opportunity Assessment |
10.1 North America Postcard Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Postcard Market Opportunity Assessment, By Type, 2020 & 2030F |
10.3 North America Postcard Market Opportunity Assessment, By Usage, 2020 & 2030F |
10.4 North America Postcard Market Opportunity Assessment, By End-User, 2020 & 2030F |
11 North America Postcard Market - Competitive Landscape |
11.1 North America Postcard Market Revenue Share, By Companies, 2023 |
11.2 North America Postcard Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |