LONDON--(BUSINESS WIRE)--The global paper edge protectors market size is poised to reach USD 394.06 million by 2023, according to a new report by Technavio, progressing at a CAGR of 4% during the forecast period.
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The market is driven by the increasing adoption of eco-friendly packaging. In addition, the booming e-commerce industry is also anticipated to further boost the growth of the market during the forecast period.
The ripple effect of environmental sustainability-driven trend has started to penetrate the global packaging industry. This trend is leading vendors to focus on making edge protectors from paper and corrugated cardboard. End-users are also increasingly selecting sustainable packaging solutions due to the associated environmental concerns. Large retailers are aiming to reduce wasteful packaging, and consumers are expecting more sustainable packaging options from vendors. The increasing focus on adopting green packaging materials, such as paper edge protectors, helps in reducing environmental pollution caused by the packaging industry. With the rising demand for eco-friendly products, packaging companies are also increasingly innovating to introduce greener secondary packaging products and systems. Thus, such initiatives will drive the global paper edge protectors market during the forecast period.
Furthermore, the increased internet penetration has also supported the growth of the e-commerce businesses. In order to improve the customer service and retain existing customers, e-commerce vendors are focusing on their product packaging to prevent its hampering during transportation and handling. Hence, the growing e-commerce business are expected to showcase a positive outlook during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Kunert Gruppe
- Packaging Corp. of America
- Smurfit Kappa Group Plc
- Sonoco Products Co.
- VPK Packaging Group NV
Market Segmentation by Category and Product Types:
The Paper Edge Protectors Market can be broadly categorized into the following by product:
Key Regions for the Paper Edge Protectors Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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