According to Future Market Insights, during the forecast period, the global pallet corner market is expected to account for US$ 558.2 Million in 2023 and is going to further expand at a CAGR of 4.4% to reach a valuation of US$ 858.6 Million by the year 2033.
Pallet corner boards, also known as edge protectors, are cardboard or plastic sheets that are placed at the corners of a pallet to provide extra support and protection to the load during transportation and storage. They are designed to prevent damage to the goods and the pallet itself, as well as to ensure stability and safety during handling.
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Pallet corner boards serve several functions, including:
- Load Protection: Pallet corner boards protect the edges and corners of the load from damage during transportation and storage. They prevent the load from shifting or collapsing, which can cause product damage and loss.
- Pallet Protection: Pallet corner boards protect the corners of the pallet from damage during handling and stacking. They prevent the corners of the pallet from being crushed or damaged, which can compromise the structural integrity of the pallet.
- Stacking and Storage: Pallet corner boards provide extra support and stability to the load, making it easier to stack and store. They help prevent the load from toppling over, which can cause injury and damage to the goods.
- Transportation: Pallet corner boards make it easier to secure the load to the pallet and prevent it from shifting during transportation. They also help prevent damage to other goods and the transportation vehicle.
In terms of material type, the paper-based segment is expected to hold the largest market share during the forecast period, driven by its eco-friendly and recyclable nature. However, the plastic-based segment is also expected to grow at a significant rate due to its durability and versatility.
Overall, the global pallet corner boards market is expected to witness significant growth in the coming years, driven by increasing demand from various industries and the adoption of sustainable packaging practices.
The Giant Players Are:
- Millenium Packaging Inc.
- Smurfit Kappa Group PLC
- Kyana Packaging Solutions
- Kraft Material Services
- Signode Industrial Group LLC
- North America’s Laminating and Converting Company
- Impakt Packaging
- Korpack
- Crateco Pack LLC
- IPS Packaging and Automation
- Intreden Exim Private Limited
- Continental Packaging Material Industry LLC
- Pro Pac Professional Packaging Systems
- Great Northern Laminations
- Angleboard UK
- Sonoco Products Company
- BENZ Packaging Solutions Private Limited
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Pallet Corner Boards Market Segmentations:
By Material Type, Pallet Corner Boards Market is Segmented as:
- Paper
- Plastic
By Thickness, Pallet Corner Boards Market is Segmented as:
- Less than 3 inches
- 3 to 5 inches
- 5 to 8 inches
- More than 8 inches
By End Use, Pallet Corner Boards Market is Segmented as:
- Automotive
- Shipping and logistics
- Building & Construction
- Electronics & Electrical
- Others (Agriculture, Chemical, etc)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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