Paper edge protectors to reach CAGR of 4.5%
According to a report by Future Market Insights (FMI), the paper edge protectors market is expected to grow at a CAGR of 4.5% during 2019-2029. The FMI report forecasts that the global consumption of paper edge protectors will see approximately 3.4% y-o-y growth in 2019.
29 Apr 2019 | By Abhishek Muralidharan
In 2018, more than 1.6 million units of paper edge protectors were consumed globally. Out of these, more than 40% belonged to the logistics and transportation industry, whereas manufacturing and warehousing industries continued to represent an almost similar market value share in the paper edge protectors market.
In a region-wise analysis, East Asia, with an approximate value share of 30%, is in the leading position in the global paper edge protectors market, but reports claim that South Asia will soon be the front-runner in this sector.
The report further stated that the demand for paper edge protectors will be maximum in the F&B industry, garnering more than 1/4th market value share of the entire manufacturing segment.
More than 65% of the total paper edge protectors are made from recycled paperboard as a key raw material. As indicated by FMI’s analysis, among the other two raw materials, coated unbleached kraft will continue to remain dominant over solid bleached sulphate - in terms of demand growth.
Also, plastic edge protectors exemplify a sustainable packaging solution compared to paper edge protectors, which prompts at a positive demand outlook facing plastic-based paper edge protectors in the near future.
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