The market for paper Edge Protectors is anticipated to grow at a significant CAGR of 4.5% and reach a valuation of US$ 4.56 billion by the end of the forecast period (2023 to 2033). The growth is likely to be driven by the increasing demand for the safe transportation of goods, especially from the pharmaceutical and food industries.
United Kingdom: The United Kingdom is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 2.2% over the forecast period. The growth is influenced by stringent government regulations against polluting materials and the enhancement of recycling infrastructure, making recycled paperboard a highly environmentally friendly material for edge protectors.
Europe: The European Paper Recycling Council highlights that paper and paperboard were recycled at a remarkable rate of 74% in 2020 across Europe, underscoring the region’s commitment to sustainability. The high average usage of paper in Europe, at 3.8 times, further emphasizes its prominence as an eco-friendly packaging material.
East Asia: China’s rapid industrialization and growth in manufacturing are driving increased transportation needs, creating a demand for safe packaging solutions. The paper edge protectors market in China is expected to grow significantly, with a projected CAGR of 6.7% during the forecast period, indicating the importance of enhanced packaging solutions in this region.
North America: The United States is taking the lead in North America, driven by government initiatives to reduce plastic usage and the robust production activities in densely populated industries. The U.S. market for paper edge protectors is expected to exhibit a healthy CAGR of 3.7% over the forecast period, reflecting its role as a key contributor to global sales.
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The global market for paper edge protectors is anticipated to gain rapidly in the foreseen years. This is primarily on the basis of sustained and rapid industrialization globally. The rising demand presented by different global industries such as pharmaceuticals, food & beverage, and manufacturing, is likely to be the driving force for consistent growth witnessed by the paper edge protectors market over the forecast period of 2023 to 2033.
Countries such as the United States, Japan, and China are witnessing a rapid increase in production levels which is expected to present opportunities for the market. Industries in these regions are increasing their production capacity with the use of enhanced technology. This is increasing the demand for the transportation of goods and correspondingly surging the market for paper edge protectors.
Key Takeaways from the Market:
- The market is expected to grow at a CAGR of 4.5% over the forecast period reaching a valuation of US$ 4.56 billion.
- Till the end of the year 2023 the market is expected to reach a valuation of US$ 2.91 billion.
- The United States market is anticipated to grow at a promising CAGR of 3.7% over the forecast period.
- The market in China is likely to grow at a significant CAGR of 6.7% backed by increased industrialization in the region.
- The recycled paperboard segment is expected to grow at a CAGR of 4.1% as it provides an eco-friendly solution for the packaging industry.
- The United Kingdom is likely to be the dominant region in Europe and grow at a CAGR of 2.2%.
Competition Analysis for Key Market Players
- The big players in the global market for paper edge protectors are engaged in acquisitions of smaller players to expand their portfolio of products and increase production capacity. They are also ensuring to provide better products via enhanced technology for manufacturing. This provides key players to get a competitive edge. Key players are also engaged in collaborations to spread their reach and increase business. Some to the key players in the market include Smurfit Kappa Group Plc, VPK Packaging Group NV, Sonoco Products Company, Packaging Corporation Of America, Rengo Co., Ltd., N.A.L. Company, Inc., Primapack SAE., Konfida., Cascades Inc., Litco International, Inc.
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The Key Players Are:
- Smurfit Kappa Group Plc
- VPK Packaging Group NV
- Sonoco Products Company
- Packaging Corporation Of America
- Rengo Co., Ltd.
- N.A.L. Company, Inc.
- Primapack SAE.
- Konfida.
- Cascades Inc.
- Litco International, Inc.
- Kunert Gruppe
- Raja S.A.
- Eltete Oy
- Napco National
- Pacfort Packaging Industries
- Cordstrap B.V.
- Signode Industrial Group (Crown Holdings)
- Romiley Board Mill
- Pactiv LLC
Recent Development in the Market:
- VpK Packaging Group was involved in acquiring a leading manufacturer of paper edge protectors from Finland- Corenso. This acquisition is expected to provide VpK Packaging group with the power to penetrate the European market and also get access to the Chinese market. The company expects to grow its production capacity and expand its revenue via this acquisition.
Key Segments
By Material Type:
- Solid Bleached Sulphate
- Coated Unbleached Kraft Paperboard
- Recycled Paperboard
By Product Type:
- Angular
- Round
By End-use Industry:
- Logistics & Transportation
- Warehousing
- Manufacturing
- Food & Beverage
- Building & Construction
- Personal Care & Cosmetics
- Pharmaceuticals
- Electrical & Electronics
- Chemicals
- Others (Homecare, Toiletries, etc.)
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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