The global edge protector market is poised for substantial growth, with a projected valuation of USD 4.64 billion by 2032, up from USD 2.9 billion in 2022. This growth, anticipated at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2022 to 2032, underscores the increasing emphasis on packaging solutions that extend product shelf life and ensure safe transportation.
Recognizing this paradigm shift, manufacturers are increasingly investing in edge protectors, a vital component of contemporary packaging solutions. The demand for edge protectors has surged across various sectors due to the challenges encountered during product shipment. These protectors play a crucial role in safeguarding products from damage during bulk transportation.
According to Future Market Insights, the global edge protector market is poised to achieve a valuation of USD 2.9 billion in 2022. The forecast for the period between 2022 and 2032 predicts an impressive compound annual growth rate (CAGR) of 4.8% for the industry, ultimately reaching a market worth of USD 4.64 billion. As we navigate the ever-evolving packaging landscape, edge protectors emerge as indispensable guardians of product integrity and brand excellence.
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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Edge Protector
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Edge Protector market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections:
- The U.S. is expected to lead the North America Edge Protector market, projecting the fastest growth in the region between 2017 and 2027
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2027.
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- Edge Protector Historical Market Analysis: The detailed survey by FMI, examines key factors in the Edge Protector market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Edge Protector market for the forecast period 2017-2027.
- Edge Protector Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Edge Protector for the assessment period. As per the study, the demand for Edge Protector will grow at a robust CAGR between 2017 and 2027.
- Edge Protector Market Trend Analysis: The latest study by FMI on the Edge Protector market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Edge Protector market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Market segmentation:
Based on product type:
- Angular edge protectors
- Flat edge Protectors
- Custom made edge protectors
Based on material type:
- Automotive
- Cardboard
- Metal
- Plastic
- Rubber
- Foam
- Wood
Based on end use:
- Automotive
- Shipping and Logistics
- Building and Construction
- Electronics and Electricals
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (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.
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