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Corner Pads Market

Market Insights on Corner Pads covering sales outlook, demand forecast & up-to-date key trends

Corner Pads Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Corner Pads Market Overview

Newly released data from corner pads market analysis shows that global demand of the overall corner pads market is anticipated to register a CAGR of ~5.4% during the forecasted period and reach millions of units by 2031. East Asia and South Asia regions are projected to expand at higher growth rates and capture a significant market share during the forecast period.

Global Corner Pads Market: Market Outlook

During the transportation of packaged goods, it is of utmost importance that the secondary or tertiary packaging of the product is intact and not damaged in any way due to the shocks and external environmental factors.

Corner pads are commonly made of corrugated paper and are used to protect the edges of the secondary and tertiary packaging solutions. The increasing industrialization, heightening of import and export activities coupled with elevated packaging needs are bolstering the demand for corner pads globally.

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What are the Key Trends Impacting Growth of the Corner Pads Market?

The use of sustainable yet recyclable solutions in the packaging industry is one of the key trends followed by the industry players to attract customers and achieve their sustainability goals.

In Europe due to the stringent regulatory compliances against plastic material, the application of sustainable packaging products is becoming a necessity. As corner pads are most commonly made from paper, they are environmentally friendly, and they can also be reused, which is a bonus to the manufacturers.

How is the Demand for Corrugated Packaging Products Reshaping the Corner Pads Market?

The flourishing logistics industry is a key contributor in driving the demand and sales of the corner pads in the market. As a result of the deliberate efforts of manufacturers and the national governments, the logistics industry has witnessed substantial growth in the past decade.

The increasing use of technology and innovative packaging solutions is supporting the logistics industry growth. Corner pads, especially corrugated corner pads are extensively used in the logistics industry to safeguard freight. During the foreseeable years, the corned pads market is anticipated to expand incrementally on the back of the flourishing logistics industry.

Ismail Sutaria
Principal Consultant
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What are the Key Challenges that may Restrain Growth of the Corner Pads Market?

There has been a significant rise in the awareness of the population in developed economies regarding the damaging environmental effects of the consumption of plastic. In the corner pads market, plastic material is commonly used by many players in the industry.

The growing aversion towards the use of plastic packaging solutions among consumers might restrain the growth of plastic corner pads in the market.

Competitive Landscape

Key global players such as

In the Asian region, players like

  • Anhui KOJO New Material Technology Co. Ltd
  • Foshan TP-Pack Packaging Materials Co.Ltd.
  • Rengo Co.Ltd.
  • Divine Packaging Industry
  • Bharath Paper Conversions
  • K. U. Sodalamuthu And Co. Private Limited
  • Jiangxi JahooPak Co.Ltd.etc.

are actively involved in the corner pads market.

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What Strategies are the Key Players adopting to Increase their Market Share in the Corner Pads Market?

Key players in the industry are focused on expanding their geographical reach and product offerings. As a result of many regional players offering corner pads in the markets across the globe, the competition is immense.

Global manufacturers in the industry are attempting to form strategic partnerships with regional players and enter into long term agreements with the customers to retain maximum market share and expand their business activities. The key players are also expanding their product manufacturing capabilities.

For instance, in February 2019, Kunert Group announced the expansion of their Peiting plant in Germany for increasing the manufacturing capacity of corner pads.

What are the Key Opportunities for Corner Pads Market Manufacturers?

The demand for customized corner pads according to the packaging requirement of the clients is gaining significant traction. Many manufacturers in the corner pads market are shifting towards adopting bespoke manufacturing practices to attract more customers.

The customization is not offered by many players in the corner pads market. The elevating demand for customized solutions is creating a huge opportunity for manufacturers to enhance their product offering and capture maximum market share.

Why will the China Generate Significant Demand for the Corner Pads Market?

China has been and continues to be a hub for manufacturing activities for a large number of products. The ease in accessibility to cheap labor and raw material along with favorable government policies regarding the manufacturing sector are some of the reasons behind attracting global manufacturers to set up their plants in the country.

The constant growth of the country’s manufacturing sector is projected to grow significantly in the foreseeable future. As a result of extensive applications of the corner pads in the packaging of many manufactured products the market demand for the corner pads is anticipated to bolster on the back of the growing manufacturing industry in China.

What is the Impact of the Pandemic on the Growth of the Corner Pads Market?

The logistics industry is one of the few industries that are severely affected by the COVID-19 pandemic. The lockdowns announced by the national governments globally were responsible for slowing down the industry growth.

Further, the impact of restrictions imposed by the government authorities on the logistics of nonessential items considerably dampened the sales of the corner pads in the market.

The corner pads market growth suffered a blow in terms of sales due to the pandemic. However, the target market is improving with the ease of restrictions and lockdowns across the globe and is expected to recover rapidly.

Key Segments of Corner Pads Market Covered in the Report

Based on Type of Material:

  • Paper
  • Plastic
  • Foam

Based on Type of Product Type:

  • Angular Edge
  • Straight Edge
  • Custom Edge

Based on End Use Industry:

  • Automotive
  • Food & Beverages
  • Building and Construction
  • Electronics and Electricals
  • Other Industrial

Based on the Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
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Ismail Sutaria
Principal Consultant
LinkedIn
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