The market for paper Edge Protectors is expected to achieve a valuation of US$ 4.56 billion by the end of the projected period (2023 to 2033) at a noteworthy compound annual growth rate of 4.5%. The growing need for safe goods transportation, particularly from the food and pharmaceutical industries, is probably what will fuel the rise.
Paper edge protectors are expected to witness significant growth in the upcoming years on the international market. This is mostly due to the world’s continued and fast industrialization. Growing demand
supplied by several international sectors, including manufacturing, food & beverage, and pharmaceuticals, is probably going to be the main factor fueling the market’s steady expansion for paper edge protectors from 2023 to 2033.
Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-9468
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.
Pre-Book Report: https://www.futuremarketinsights.com/checkout/9468
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
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube