Pallet Corner Boards Market - Global Industry Analysis

Pallet Corner Boards Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Packaging Report Format : PDF Report Code: ZMR-2253 Status : Upcoming

Description

Pallet Corner Boards Market: Overview

The pallet corner boards are the protective packaging strips that provide safety to the products while shipping them in the pails, cans, kegs, drums, and others. The fundamental task of the pallet corner boards is to prevent the pallets from breaking up with the corner boards. Thus pallet corner boards ensure the safety of the products.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Pallet Corner Boards Market: Facts

In replacement of the requirement for the labor-intensive placement of the pallet corner boards manually the Orion Packaging Systems have come up with new Automatic Corner Board Placer that can add the corner boards to the four edges of the pallet with the help of the robotic systems that works at the speed from 50 to 75 loads/hr.

Pallet Corner Boards Market: Segmentation

The global market for the pallet corner boards is fragmented into its raw material, size, end-user industry, and end-user. Based on the raw material, the global market is segregated into polyethylene terephthalate, plastic, paperboard, HDPE, and others. Based on the size, the market is categorized into more than 8 inches, 5 to 8 inches, 3 to 5 inches, and less than 3 inches. Based on the end-user industry, the market is categorized into furniture, electronics, industrial goods, chemicals & lubricants, automotive, and consumer goods. Based on the end-use, the market is divided into logistics, storage, and others.

Pallet Corner Boards Market: Growth Factors

Lately, there has been a shift in the focus towards the safety of the consumers thus the product such as the pallet corner boards have an increasing demand. The growth of the logistics and the transport industry has increased the requirement for the pallet corner boards. In the past few years, the logistics industry has developed tremendously thus increasing the demand for the pallet corner boards. Due to the globalization, there are no boundaries for trade thus the distance for the transit has increased which increased the demand for the safety products. This increased demand propelled the demand for the pallet corner boards. The pallet corner boards are used increasingly owing to its recyclability thus being preferred more by the third party logistics providers. The factor that will limit the growth of the market is the availability of the substitute packaging solutions such as the octa-bins.

Pallet Corner Boards Market: Regional Analysis

North America dominates the pallet corner boards market owing to the huge volume of the logistics and export sectors. The reason behind North America enjoying the leading position in the global market is that it is the most developed region along with a well-educated consumer population. North America is followed by Western Europe and Asia Pacific region. The developing economies such as India and China are having a growing requirement for the quality economical products. The Middle East & Africa and Latin America regions will experience a moderate market growth owing to the growth of the transport and logistics sectors in these regions.

Pallet Corner Boards Market: Competitive Players

The key market players that are involved in the pallet corner boards market include Angleboard Company, ITW Signode Packaging Solutions, Primepac Industrial Limited, Belle Ombre Hoekstukke, and others.

Pallet Corner Boards Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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