Paper edge protectors are anticipated to gain burgeoning demand in the global market on the back of effective space utilization during storage and transportation. Paper edge protectors have gained significant traction owing to increasing usage of protective packaging solutions in trade activities for safe and secure shipment of a variety of industrial and non-industrial goods. This trend is particularly witnessed in emerging economies of East Asia and South Asia. This packaging solution has brought a significant change in the packaging of the goods shipped across continents and is likely to expand 1.6 times its current market value by the end of the year 2030.
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FMI team analyzed that end users are willing to adopt round and angular paper edge protectors as it helps to distribute the load at the corners when strapping and reduces the chances of damage of the packaging due to tensioned straps. Additionally, paper edge protectors enable manufacturers, distributors and suppliers to stack goods and improve the efficiency of the supply chain network. Owing to these benefits, the demand for paper edge protectors is likely to surge considerably during the forecast period.
Key Takeaways from Paper Edge Protectors Market
- The demand for angular paper edge protectors has increased in the recent past owing to maximum protection they provide to the edges and corners of the carton boxes. This segment is expected to create incremental revenue opportunity of US4 440 Mn till the year 2025
- The recycled paperboard as a material is likely to experience unmatchable demand in the paper edge protectors market, especially from the logistics and transportation industry. Qualities such as high impact resistance to avoid edge damage due to strapping will boost demand
- Logistics and transportation end-use industry is estimated to account for nearly 41% by value of the market share in 2020, owing to the increasing expansion of retail and e-commerce industries
- Europe is expected to outpace other regions and to hold more than 1/4th market share of the global market during 2020-2030, with the presence of a large number of paper edge protector manufacturers
Rapid Industrialization to Drive Demand for Paper Edge Protectors
Rapid industrialization around the globe has created new opportunities for the paper edge protectors market. With the help of growing supply chain capabilities, manufacturers are exploring new geographies to tap into the market potential. To cash in on cheap labor and high growth, global leaders are shifting their manufacturing bases to Asian countries.
Manufacturers and shipping companies are using paper edge protectors to prevent goods from getting damaged during transit. Rapidly growing end-use industries in the Asia Pacific such as pharmaceuticals, consumer electronics, food, beverages, and other consumer goods have increased the trade volume of goods and the need for delivering goods safely to their destination. Not being a complex product, paper edge protectors are readily available through local manufacturers. Plastic and paper are commonly used raw materials available at low cost and are easily recycled, thus making paper edge protectors an attractive choice for manufacturers.
All these factors are likely to accelerate the paper edge protectors market growth during the upcoming years.
“The rapidly rising recycling rate of paper protective packaging solutions across continents coupled with shifting inclination of industries towards sustainable packaging solutions is anticipated to bolster market growth. Furthermore, the growth outlook for the market seems promising as the manufacturers strive to achieve efficient and cost-saving supply chain management,” says FMI analyst.
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Impact of COVID-19 on Paper Edge Protectors Market
Logistics and transportation industry is one of the vital services of the urbanized and interconnected world. To contain coronavirus outbreak, most of the countries across the globe, had to shut down their borders with allowance for limited transportation till mid-2020. This has created a barrier for the transit of consumer goods and many other products.
In the global paper edge protectors market, a significant portion of market share is captured by the logistics and transport industry. This industry has a direct impact on the growth of paper edge protectors market. Due to restricted transportation services, demand for paper edge protectors is anticipated to slow down during the forecast period.
Besides this, disruption in manufacturing across various countries rippled through the global supply chain. Travel restriction led to a shortage of human resources and the supply of raw materials. This resulted in a shortage of component or material supply for the key players, further impacting manufacturing operations of paper edge protectors in various countries. This also affected other manufacturing industries such as electronics, pharmaceuticals, automotive, food and beverage, etc.
However, with the better precautions and appropriate planning, the governments of some of the countries have allowed to reopen the markets. With the increasing economic performance and production, transportation activities are expected to regain normalcy, which will result into more demand for paper edge protectors in post-COVID-19 phase.
Key Segment
By Product Type
- Angular
- Round
By Material Type
- Solid Bleached Sulfate (SBS)
- Coated Unbleached Kraft Paperboard
- Recycled Paperboard
By End Use
- Logistics & Transportation
- Warehousing
- Manufacturing
- Food & Beverage
- Building & Construction
- Personal Care & Cosmetics
- Pharmaceuticals
- Electrical & Electronics
- ChemicalsOthers (Homecare)
Paper Edge Protectors Market Landscape
Key players that have been profiled in the report are Smurfit Kappa Group PLC., Packaging Corporation of America, Sonoco Products Company, Rengo Co., Ltd., Pratt Industries, Inc. and VPK Packaging Group NV, Cascades Inc., Raja S.A., Napco National, Cordstrap B.V., Signode Industrial Group (Crown Holdings), Pactiv LLC, N.A.L. Company, Inc., Primapack SAE., Konfida., Litco International, Inc., Kunert Gruppe, Eltete Oy, Pacfort Packaging Industries, Romiley Board Mill, and many others. These players are estimates to hold nearly 20% market share in the global market in 2020.
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