The global sales of foam edge protectors are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 1.6 billion by 2031. Sales are projected to rise at a CAGR of 2.8% over the forecast period between 2021 and 2031. The revenue generated by foam edge protectors in 2020 was USD 1.2 billion.
Demands for safe and effective ways of packaging a wide variety of products involved in the electronics and automotive industries drives the market. The demand for such protection solutions is driven by awareness of product damage prevention and a surge in e-commerce. Changes in technology, including developing environmentally friendly foam materials, are other factors that influence the market trend.
Additionally, the growing concern for sustainability is compelling manufacturers towards recyclable and biodegradable alternatives. Innovations in packaging processes related to customization and automation also contribute positively to the market. However, instability in the cost of raw materials and intrusion of substitute protective materials are trends that indicate a decline in this market. All in all, the growth of the market will be stable and would be driven by such emerging trends.
Global Foam Edge Protectors Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 1.6 billion |
| Value-based CAGR (2021 to 2031) | 2.8% |
Foam edge protectors provide protections to edges and corners of all profile of furniture’s, glass and packaging such as cardboard boxes cases and cartons. Volatility in the process of raw material will affect the demand, limited opportunities in future.
Edge protectors also provide internal support to packaging material, which also eases the transportation of products. One of the value added feature of edge protector is that it maintains the static strength of the material that does not allow the material to get compressed when packed in a box.
They play important role in shipping and transportation by providing product safety and protection. The global foam edge market is characterised by packaging solution particularly designed for transportation and shipping. However, increasing awareness regarding the negative impacts associated with plastic consumption is expected to boost the market growth.
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Material shipping and exports requires packaging material to prevent product from getting harm. Primary packaging includes cartons and boxes. Complex and prolonged supply chains can result into damage of primary and secondary packaging.
Foam edge protector’s plays vital role in protecting the packaging. Due to environment-friendly and cost-effective nature of foam edge protector’s products will also uplift the market growth. Specially engineered U profile provides protections to edges and corners. They are easy to apply and can be reused.
There is increase in the global manufacturing output, goods stored in warehouse or during transit can get damaged. As foam edge protectors used to strengthen the stack, more goods can be stacked up easily. Consumer spending on packaged items affected by recession is propelling new strategies to provide product integrity and technological advancement, these are expected driving factors.
Foam edge protectors protect every surface from abrasion and sharp impacts. It prevents valuable material from breakage and falling apart. They are used to add strength and structure to palletised boxes and also stabilises the load, so that the goods protected from knocks and bangs but won’t collapsed under their own weight. Foam edge protectors used to support strapping and fixings.
USA and Canada are expected to have the highest share and therefore will dominate the foam edge protective market. This is due to the food and beverages and pharmaceutical industries are key end users.
Booming ecommerce industry is expected to drive demand for foam edge protectors. ProFlex® profiles of Pregis LLC. Available from April 29, 2009- Pro confirm around edged and corners and cylindrical pipes to keep it safe.
Principal Consultant
The European market for foam edge protective is estimated to grow at considerable rate during the forecast period. This surge in growth is due to the growing expenditure on packers and movers.
Fees for a professional packing/unpacking and loading/unloading service generally start at about £100 (GBP) for half a 20ft container (15 cubic meters), but more cargo means higher prices.
Nordpack GmbH is one of the largest packaging distributor and service provider in Germany. Polyurethane (PE) foam edge protectors protects and cushion the edges and corners of items. The strips are CFC free and recyclable and they are resistant to moisture as well as to temperature changes from - 40 to +100 degrees. Moreover, the logistics and packers and movers are also expected to drive the sales of Foam edge protectors.
Some of the key players operating in the Foam Edge Protective market
Nomaco is a leader in design and extrusion of custom engineered foam products. Nomaco is the first manufacturer in USA to develop polyethylene packaging profiles. Corex, a division of VPK packaging group acquired European and Chinese business of Corenso in 2019.
Key manufacturers are escalating their business through developments, collaborations and geographic expansions in emerging regions. It is spread across 16 countries producing edge protectors. The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Foam Edge Protectors Market
