Pallet Corner Boards Market Size, Share, Trends, Analysis To 2032

Pallet Corner Boards Market Insights

According to the report published by Zion Market Research, the global Pallet Corner Boards Market size was valued at USD 624.8 Million in 2023 and is predicted to reach USD 965.32 Million by the end of 2032. The market is expected to grow with a CAGR of 4.4% during the forecast period. The report analyzes the global Pallet Corner Boards Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Pallet Corner Boards industry.

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Pallet Corner Boards Market: Overview

The pallet corner boards are the protective packaging strips that provide safety to the products while shipping them in the pails, cans, kegs, drums, and others. The fundamental task of the pallet corner boards is to prevent the pallets from breaking up with the corner boards. Thus pallet corner boards ensure the safety of the products.

Pallet Corner Boards Market: Facts

In replacement of the requirement for the labor-intensive placement of the pallet corner boards manually the Orion Packaging Systems have come up with new Automatic Corner Board Placer that can add the corner boards to the four edges of the pallet with the help of the robotic systems that works at the speed from 50 to 75 loads/hr.

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Pallet Corner Boards Market: Segmentation

The global market for the pallet corner boards is fragmented into its raw material, size, end-user industry, and end-user.

Based on the raw material, the global market is segregated into polyethylene terephthalate, plastic, paperboard, HDPE, and others.

Based on the size, the market is categorized into more than 8 inches, 5 to 8 inches, 3 to 5 inches, and less than 3 inches.

Based on the end-user industry, the market is categorized into furniture, electronics, industrial goods, chemicals & lubricants, automotive, and consumer goods.

Based on the end-use, the market is divided into logistics, storage, and others.

Pallet Corner Boards Market: Growth Factors

Lately, there has been a shift in the focus towards the safety of products, so products such as pallet corner boards have an increasing demand. The growth of the logistics and the transport industry has increased the requirement for pallet corner boards. In the past few years, the logistics industry has developed tremendously, thus increasing the demand for pallet corner boards. Due to globalization, there are no boundaries for trade thus the distance for the transit has increased, which increased the demand for safety products. This increased demand propelled the demand for the pallet corner boards. The pallet corner boards are used owing to its recyclability, thus being preferred more by third party logistics providers. The factor that will limit the growth of the market is the availability of substitute packaging solutions such as octa-bins.

Pallet Corner Boards Market: Report Scope

Pallet Corner Boards Market: Regional Analysis

North America dominates the pallet corner boards market owing to the huge volume of the logistics and export sectors. The reason behind North America enjoys the leading position in the global market is that it is the most developed region, along with a well-educated consumer population. North America is followed by Western Europe and Asia Pacific region. The developing economies, such as India and China, have a growing requirement for quality, economical products. The Middle East & Africa and Latin America regions will experience a moderate market growth owing to the growth of the transport and logistics sectors in these regions.

Pallet Corner Boards Market: Competitive Players

The key market players that are involved in the pallet corner boards market include

• Angleboard Company
• ITW Signode Packaging Solutions
• Primepac Industrial Limited
• Belle Ombre Hoekstukke
• others.

The Global Pallet Corner Boards Market segments are as follows:

By Raw Material

• polyethylene terephthalate
• plastic
• paperboard
• HDPE
• others.

By Size

• more than 8 inches
• 5 to 8 inches
• 3 to 5 inches
• less than 3 inches.

By End-User Industry

• furniture
• electronics
• industrial goods
• chemicals & lubricants
• automotive
• consumer goods.

By End-Use

• logistics
• storage
• others.

Pallet Corner Boards Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonies to companies in order to fortify their foothold in the market.