Pallet Corner Boards Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


#14543

Future Market Insights

$ 5000

The major purpose of the pallet corner boards is to keep the pallets from moving apart with corner boards. In this way pallet corner boards safeguards the products. 

Since past few years, there has been an inclination towards the consumer safety, as a result of which the item, for example, the pallet corner boards have a surging demand. The growth in transport and logistic sectors has expanded the necessity for the pallet corner boards. In the previous couple of years, the logistic sector has grown massively along these lines fueling the demand with respect to the pallet corner boards. 

Increasing Transit Distance to Surge Demand for Secure Transport Service; Boosting Growth in Pallet Corner Boards 

  • Because of the globalization, there are no limits for exchange along these lines the transit distance has expanded which surged the demand regarding safety products. This expanded interest boosted the growth in the pallet corner boards market. The pallet corner boards are utilized progressively attributable to its recyclability subsequently being favored more by the third-party suppliers. The factor that will restrain the development of the market is the accessibility of the substitute packaging solutions, for example, the octa-canisters. 
  • The Kroger Company and Polymer Logistics Cleanpal were the winner of RPA's 2019 Excellence in Reusable Packaging Award this year. Weighing around 2.5x lesser than the conventional pallets, shifting around 3x pallets in the truckload returns and deliveries, and empowering 1,000 steady pounds of egg products per shipment from provider to stockroom, the Cleanpal pallet is increasingly effective to deal with, decreases transportation costs, and gives a protected and secure unit load.

Global Pallet Corner Boards - Market Overview:

Pallet corner boards are protective packaging strips which are used for providing safety while shipping products in cans, pails, drums, kegs, etc. The main purpose of pallet corner boards is to stop the pallets from collapsing with the corner boards. By using pallet corner boards the consumers can able to reduce the chances of costly damage while the product is being transited or being stored. Pallet corner boards are mainly of paperboard and plastic. Out of which paperboard is normally used due to its 100% recyclable and disposable ability. Consumers are always concerned about the safety of their products as a result of which the demand for pallet corner board has increased tremendously in recent few years.  Even the logistics company find the paperboard to be the most convenient material for pallet corner board.

Global Pallet Corner Boards - Market Dynamics:

Recent years have seen a dynamic shift in the product safety by the consumers as a result of this product such as pallet corner boards have seen a substantial growth over the forecast period. Even the transportation and logistics industry has seen a tremendous growth in recent few years which have increased the need for pallet corner boards. The global logistics industry has shown tremendous growth over the past few decades. Globalization has resulted in an elimination of all boundaries of trade. The increased distance of transit has resulted in an increased demand for the safety of the products during transit. This demand is expected to fuel demand for the global pallet corner boards market. The 100% recyclable nature of pallet corner boards is also expected to increase their preference among third party logistics providers (3PLs). Despite the positive outlook, there are some factors that might hamper the growth of the global pallet corner boards market, such as the emergence of alternative packaging solutions such as octa-bins.

Global Pallet Corner Boards Market - Segmentation:

The global pallet corner boards market can be segmented by the raw material type, by size, end use and by the application.

On the basis of raw material type, the global pallet corner boards market is segmented into

  • Paperboard
  • Plastic
  • HDPE
  • Polyethylene Terephthalate (PET)
  • Others

On the basis of size, the global pallet corner boards market is segmented into -

  • Less than 3 inch
  • 3 to 5 inch
  • 5 to 8 inch
  • More than 8 inch

On the basis of end use, the global pallet corner boards market is segmented into -

  • Chemicals & Lubricants
  • Furniture
  • Automotive
  • Electronics
  • Consumer Goods
  • Industrial Goods

On the basis of end use, the global pallet corner boards market is segmented into -

  • Storage
  • Logistics
  • Others

Global Pallet Corner Boards Market – Geographical Outlook:

The global pallet corner boards market can be divided into seven major regions which are as follows -

  • North America
  • Asia Pacific Excluding Japan
  • Western Europe
  • Middle East & Africa
  • Latin America
  • Eastern Europe
  • Japan

Attributed to the large volume of export & logistics sector, North America leads the global pallet corner boards market. Being the most developed of all with a well-informed consumer population, North America is anticipated to enjoy leading position in the global pallet corner boards market, followed by Western Europe and APEJ. Emerging economies, such as China and India represent markets that have witnessed growing need for economical products that also promise quality. India, for example, is looking to double the size of its logistics sector in the next five years, and therefore, growth of corrugated pallets market looks promising in the region. Middle East & Africa and Latin America is expected to witness above average growth for pallet corner boards due to the increase in logistics and transport industry in these regions.

Global Pallet Corner Boards Market – Key players:

Few of the key players in the pallet corner boards market are Primepac Industrial Limited, Angleboard Company, Belle Ombre Hoekstukke, Itw Signode Packaging Solutions, etc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.