The paper edge protectors market is estimated to achieve a valuation of US$ 4.56 billion by the end of 2033, rising from an expected valuation of US$ 2.91 billion in 2023. The market is likely to register a CAGR of 4.5% from 2023 to 2033.
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.
According to the latest industry survey done by FMI, it is analyzed that more than 2/3rd of the paper edge protectors sold in 2022, across the world are made up using recycled paperboard. Increased environmental awareness along with ease in recycling fuels the demand for protective packaging made up of recycled materials.
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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 2022-2030, with the presence of a large number of paper edge protector manufacturers
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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.
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Competitive Landscape
Globally renowned paper edge protector manufacturers are focusing upon expanding their international footprint by penetrating into foreign markets by exports, acquisition and other market entry modes:-
In October 2021, Smurfit Kappa Group Plc acquired Verzulo, which is engaged in production of containerboard with 600,000 Tons capacity and it is situated in Northern Italy.
Global Paper Edge Protectors Market by Category
By Material Type:
- Solid Bleached Sulphate (SBS)
- Coated Unbleached Kraft Paperboard
- Recycled Paperboard
By Product Type:
- Angular Paper Edge Protector
- Round Paper Edge Protector
By End-use Industry:
- Logistics & Transportation
- Warehousing
- Manufacturing
- Food & Beverages
- Building & Construction
- Personal Care & Cosmetics
- Pharmaceuticals
- Electrical & Electronics
- Chemicals
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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