The global demand for paper edge protectors has exhibited a steady growth at 3.0% CAGR between the historical period of 2018 to 2022. In recent years, increased expenditure upon safeguarding cargo during transit to avoid damage drives the demand for paper edge protectors and is expected to register a 4.5% CAGR between 2023 and 2033.
Rapid industrialization across the globe has created new growth opportunities for paper edge protector manufacturers. With the help of developing supply chain capabilities, manufacturers are discovering new geographies to tap into potential markets. Global leaders are shifting their operational bases in the Asia Pacific to cash in on cost-effective labour and fast growth.
Manufacturers and logistics companies use paper edge protectors to prevent cargo from getting damaged during transportation. Swiftly growing end-use industries in the Asia Pacific, such as automobile, consumer goods, food & beverages, and other industries, have increased production and the need for supplying goods safely to the farthest markets.
Not being a complex product, paper edge shields are readily available through domestic producers. Plastic and paper are ordinarily used raw materials available at low cost and are easily recyclable, making paper edge protectors an ideal choice for manufacturers.
Future Market Insights predict a comparison and review analysis for the dynamics of the paper edge protectors market, which is principally subjected to an array of industry factors along with a few definite influences regarding the abrasion resistance, low impact, suitability only for light applications, and lower reusability compared to metal or plastic edge protectors, are expected to confine the market growth.
- Short-term Outlook (2023 to 2026): Some new advances that have taken place in the market include the use of recycled paperboard in manufacturing carboard edge protectors. The cost-saving associated with this is expected to.
- Medium-term (2026 to 2029): The key reason for the anticipated growth of the market during this period is efficient and effective packaging solutions provided by key players that enhance the overall protective, shock.
- Long-term (2029 to 2033): With advances in manufacturing processes, paper edge protectors are likely to provide enhanced support and safety to products during transportation and storage and prevent any damaged products in transit. With increased safety for transporting goods, thus the market is anticipated to surge during this period.
|CAGR (2023 to 2033)||4.50%|
|Market Value (2023)||US$ 2.91 billion|
|Growth Factor||The increasing adoption of safe packaging solutions to boots the market.|
|Opportunity||Rapidly growing industrialization across the globle to ssurrge demand for packaging solutions|
|Key trends||Use of recycle paper for making paper angle protectors which can be again reprocessed.|
Paper Packaging Market:
|CAGR (2023 to 2033)||4.10%|
|Market Value (2023)||US$ 386.6 billion|
|Growth Factor||Increasing inclination toward using eco-friendly packaging products.|
|Opportunity||The cost-effectiveness of paper packaging presents a good alternative to transporters.|
|Key trends||Floating paper bottles are the latest trend.|