Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.78 Billion | USD 4.34 Billion | 4.5% | 2023 |
According to the report published by Zion Market Research, the global Paper Edge Protectors Market size was valued at USD 2.78 Billion in 2023 and is predicted to reach USD 4.34 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.5% during the forecast period. The report analyzes the global Paper Edge Protectors 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 Paper Edge Protectors industry.
The paper edge protector is primarily used to protect the product from damage and maintain the product's structural integrity of the product. The paper edge protectors are available in different shapes and sizes depending on their end use. These paper edge protectors are widely used for edge protection of flexible film rolls, paper reels, laminates, aluminium sheet coils, and other reeled goods. Besides, several specialized products are available in the market which is manufactured through advanced technology and quality raw materials to fulfill customers demand around the world.
The global paper edge protectors market is growing at an exponential rate. The prime factor that is boosting the market is the consistently growing demand for paper edge protectors across the world owing to stabilization, uniform load distribution, and strapping protection properties. Further, the growing necessity for protective packaging and increasing dominance of e-commerce platforms are spurring the growth of the market. Additionally, the paper edge protectors protect delicate materials, increase the stability of the containers, and enhance the vertical strength for multi-pallet stacking thereby reducing transportation costs.
It also permits bulky products to be effortlessly unitized, thus enhancing productivity by reducing pallet unpacking & packing time. All these factors are fostering the growth of the global paper edge protectors market. In addition to this, the growing use of paper edge protectors by logistics & transportation and warehousing & manufacturing industries is propelling the growth of the global market. Moreover, the growing inclination of courier, express, and parcel (CEP) services towards paper edge protectors for block optimization is fueling the market growth.
Furthermore, advancement in the technologies to increase the production volume and increase in investments by the major players to automate the production lines may create ample opportunities for the growth of the global paper edge protectors market over the forecast period. However, the easy availability of alternatives like plastic-based edge protectors may impede the growth of the global market.
Effect of the COVID-19 pandemic on the global paper edge protectors market was devastating in 2020 as most of the end use sectors stopped or postponed the orders due to reduced customer traction. Besides, a temporary halt on manufacturing facilities also affected the overall product sale in the global market. On top of that, restrictions of logistic services disturbed the complete supply chain and created a raw material shortage in the global market, which also contributed to a forceful halt on the manufacturing process and low revenue generation for the market in 2020.
The global paper edge protectors market is segregated based on material type, product type, end-use, and region.
Based on the material type, the global paper edge protectors market is divided into recycled paperboard, coated unbleached kraft paperboard, and solid bleached sulfate (SBS).
Based on the product type, the market is split into a round and angular.
The end-use segment comprises electrical & electronics, building & construction, manufacturing, warehousing, logistics & transportation, pharmaceuticals, and others.
Report Attributes | Report Details |
---|---|
Report Name | Paper Edge Protectors Market |
Market Size in 2023 | USD 2.78 Billion |
Market Forecast in 2032 | USD 4.34 Billion |
Growth Rate | CAGR of 4.5% |
Number of Pages | 215 |
Key Companies Covered | Smurfit Kappa Group PLC., Pactiv LLC, Signode Industrial Group (Crown Holdings), Napco National, Cordstrap B.V., Cascades Inc., VPK Packaging Group NV, Pratt Industries, Inc., Rengo Co., Ltd., Sonoco Products Company, and Packaging Corporation of America |
Segments Covered | By material type, By product type, By end-use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is projected to lead the global paper edge protectors market. Besides, the market in Asia Pacific is anticipated to register the highest CAGR during the forecast period. Factors such as the widely distributed packaging industry, the presence of a large number of manufacturers, and increasing export activities in emerging counties are majorly contributing to the rapid growth of the market in the APAC region. Emerging countries in the region such as China and India are presently considered as global manufacturing houses. The number of small, mid-sized, and large companies has increased exponentially in these countries in the last few years, which is directly benefiting the paper edge protectors market in the region.
The paper edge protectors market in Europe is likely to remain most dynamic over the estimated years. Some of the key factors such as the presence of large manufacturing companies, a government initiative to reduce plastic-based materials, and increase in paper recycle capacities are significantly driving the market growth in the region. North American paper edge protectors market is also expected to contribute healthy revenue in the global market with the US being the major revenue contributor in the regional market.
Major players in the market are focusing on optimizing the production of paper edge protectors and are offering modifying solutions as per the needs of the consumer. Further, for global expansion, there is an increase in acquisitions by the players. Some of the predominant players operating in the global paper edge protectors market include:
By material type
By product type
By end-use
What Reports Provides
FrequentlyAsked Questions
The global paper edge protectors market is growing at an exponential rate. The prime factor that is boosting the market is the consistently growing demand for paper edge protectors across the world owing to stabilization, uniform load distribution, and strapping protection properties. Further, the growing necessity for protective packaging and increasing dominance of e-commerce platforms are spurring the growth of the market.
Some of the predominant players operating in the global paper edge protectors market include Smurfit Kappa Group PLC., Pactiv LLC, Signode Industrial Group (Crown Holdings), Napco National, Cordstrap B.V., Cascades Inc., VPK Packaging Group NV, Pratt Industries, Inc., Rengo Co., Ltd., Sonoco Products Company, and Packaging Corporation of America.
Asia Pacific is projected to lead the global paper edge protectors market. Besides, the market in Asia Pacific is anticipated to register the highest CAGR during the forecast period. Factors such as the widely distributed packaging industry, the presence of a large number of manufacturers, and increasing export activities in emerging counties are majorly contributing to the rapid growth of the market in the APAC region.
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