Corner Post Edge Protectors Market

CORNER POST EDGE PROTECTORS MARKET REPORT OVERVIEW

The global corner post edge protectors market size was USD 401 million in 2024 and the market is projected to touch USD 575.6 million by 2031, exhibiting a CAGR of 5.4% during the forecast period.

Pallets, crates, and other shipping containers' corners can be protected with corner post edge guards. In order to guard against handling and transportation-related damage to the products and packaging, they offer additional support and reinforcement. Usually constructed of sturdy materials like metal or plastic, these guards are fastened to the corners of the containers.

The market for corner post edge protectors is expected to grow in the near future due to rising demand from a variety of sectors, including manufacturing, retail, e-commerce, logistics, and e-commerce. The industry has been significantly fuelled by the growing requirement to avoid product damage and minimize losses during transit. The need for corner post edge protectors has also increased due to the expansion of the e-commerce sector and the rising use of pallets and crates for secure and effective product handling.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Corner protector manufacturing and shipping were hindered by lockdowns and movement restrictions, which resulted in shortages and price variations. Certain industries, like travel and hospitality, saw a downturn in business, which affected the demand for their products and, as a result, the need for the corner protectors used in their packaging. The economic slowdown brought on by the pandemic resulted in lower expenditure on non-essential things and tighter budgets, which in turn affected the need for corner protectors in specific industries.

The market for corner protectors benefited from the spike in online sales that coincided with the epidemic and raised the need for secure packaging. A demand for disposable packaging solutions, such as corner protectors made of paperboard or other recyclable materials, resulted from the increased awareness of cleanliness and sanitation standards. Need for corner protectors used in packaging surged along with the need for products from industries like food and beverage and medical supplies, which saw a spike in demand during the pandemic.

"Rise in Demand of Sustainable Products and Secure Packaging to Propel the Market Expansion"

The increasing use of recyclable and environmentally friendly materials to lessen environmental effects is one of the emerging trends in the global corner post-edge protector market growth. Customizing products to satisfy unique client needs is becoming more and more important. The need for corner post edge protectors is being driven by the growing e-commerce sector because of their importance in providing safe and secure packing for the transportation of goods. In order to increase productivity and cut costs, technological innovations like automation and robotics are also being incorporated into production operations. Furthermore, the Asia-Pacific region's growing industrial sector and rising consumer demand are predicted to contribute to significant market expansion in that region as well.

By Type

Based on type the market can be categorized into Angular Type and Rounded Type.

• Angular Type: Angular corners give stability and resistance against pressure and impact to protectors of the Angular Type. They are frequently utilized in sectors like transportation and logistics that demand robust protection. Square-cornered objects can be secured using an angle-type corner post edge protector with a sharp corner.

• Round Type: Due to their rounded edges, round-type protectors are ideal for uses where it's crucial to avoid dents or bruising, such as in the furniture or automobile sectors. The curved design of round type corner post edge protectors makes them perfect for safeguarding items with rounded or uneven edges. 

By Application

Based on application the market can be categorized into Food and Beverage, Building Materials, Personal Care and Cosmetics, Pharmaceutical, Electrical and Electronics and Others.

• Food & Beverage: Preventing harm to packaged food and beverages during storage and transportation. Maintaining the integrity of the product and avoiding spoiling.
• Building Materials: Preserving delicate materials for construction, such as bricks, tiles, and wood. Avoiding damage and breaking when being handled and transported.
• Personal Care: Preventing damage to sensitive cosmetics and personal care items. Preserving the integrity and look of the product.
• Pharmaceutical: Safeguarding medical supplies and brittle pharmaceutical items. Guaranteeing the effectiveness and safety of the product while it is being transported and stored.
• Electrical & Electronics: Safeguarding delicate electronic parts and apparatus. Avoiding stress, vibration, and impact damage.

"Increasing Demand In The Sustainability And Packaging To Drive The Market Growth"

In the upcoming years, there is anticipated to be major growth in the corner post-edge protectors market. These barriers are essential for protecting products during storage and transit, especially in the packaging and logistics sectors. The market is expanding due to the rising need for secure and safe cargo transportation.

"Rising Awareness Of Safety Among Consumers To Drive The Market Growth"

Furthermore, the market is expanding due to increased consumer awareness of product safety and the necessity of damage prevention. The expansion of the retail industry and an increase in e-commerce operations are also boosting the market's optimistic outlook. In general, it is anticipated that the market for corner post edge protectors will increase steadily in the next few years.

"Lack of Sustainable Products To Hamper The Bulk Production Process Of the Market"

Corner protectors can increase packaging costs, especially for budget-conscious companies. They are not biodegradable and may not provide optimal protection for bulky or irregularly shaped items. They also take up significant space and can take time to apply and remove. Alternative packing techniques like reinforced boxes, void fill, and bubble wrap offer similar protection at lower costs. Some organizations may not recognize the benefits of corner protectors or undervalue their importance. Manufacturers may face challenges in recycling and waste regulations.

CORNER POST EDGE PROTECTORS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America to Dominate the Market Due To Region’s Major Hold on E-commerce Industry"

In the global corner post-edge protector market share. Large and established market with strong demand from a variety of sectors, including building materials, pharmaceuticals, and food and beverage. A solid infrastructure for production and delivery, this region leads the industry in product protection due to its high customer awareness and spending.

"Key Players Transforming the Corner Post Edge Protector Market Landscape through Innovation and Global Strategy"

Sonoco is a worldwide supplier of protective packaging, industrial goods, and consumer packaging. Since its founding in 1899, the business has expanded to be among the top competitors in the corner post edge protectors industry. Sonoco serves a variety of industries, including the automotive, furniture, and electronics sectors, with a broad selection of edge protectors constructed from various materials such recycled paperboard and plastic. Sonoco's dedication to quality, innovation, and customer happiness has propelled the company's market expansion.

Integrated Packaging Systems, or IPS, is a top supplier of packaging solutions that offer protection. The company specializes in creating foam goods, packing materials, and corner post edge guards. In order to safeguard goods during handling and shipment, the transportation and logistics industries frequently use IPS's corner post edge protectors. The business has had consistent market expansion, growing both its global clientele and market share.

• Sonoco (U.S.)
• RDR Packaging (U.K.)
• IPS (U.K.)
• Rajapack (India)
• NAL Company (U.K.)

November, 2021: A leading company, Sonoco Products, is in the forefront when it comes to packaging solutions and announcing its acquisition of the assets of American sustainable industrial packaging company and D&W Paper Tubes, Inc. A family-owned company founded in 2000, D&W produces 100% recycled paperboard convolute tubes, yarn tubes, and spiral-wound cores, and predominantly serves the textiles industry. Technological developments in manufacturing have made it possible to produce corner post edge guards that are both more economical and effective. For instance, advancements in material science have produced stronger and lighter protectors, while automation in production lines has increased accuracy and consistency. Corner post edge protectors that are simple to include into automated packaging systems are becoming more and more necessary as automation and robots proliferate across a range of sectors. As a result, particular protectors with unique characteristics including simple attachment and detachment methods have been developed.

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.