Global Paper Furniture Pad Market - Overview
In the recent years, the usage of protective packaging is growing significantly due to the growth of the shipping and logistics industry across the globe. Paper furniture pad is one of the most economical protective packaging options available for the protection of several luxury products during transportation. Paper furniture pad is mainly used for protecting luxury items against scratches and damage. It is mainly used during the transportation of several items such as furniture, electronic appliances, home décor, etc. Paper furniture pad in an alternative for traditional moving blankets as it costs lesser than the latter. Moreover, the weight of paper furniture pad is also lighter as compared to other protective packaging options resulting into less amount of material required. In addition, paper furniture pad can be easily taped to or wrapped around furniture to make it more compact during transportation. Furthermore, it can be recycled and is more environmental friendly as compared to other protective packaging applications. Owing to its better sturdiness, it is widely used by several providers of packing and unpacking services.
Global Paper Furniture Pad Market - Dynamics
The paper furniture pad market is expected to grow significantly due an increase in services such as packing and moving solutions for transportation purposes. Moreover, paper furniture pad has a double or triple cushion of paper, which provides better durability during the shipment of goods. In addition, paper furniture pad is also available in the form of heavy duty pads that do not tear easily during shipment. Paper furniture pad provides features, such as light weight, better shock absorption and cost-effectiveness, which are among the factors boosting the market. In addition, the rapid growth of several end-use industries across the globe has increased the trade volume of goods, which has resulted in the need for paper furniture pads on a large scale. Furthermore, rapid industrialisation in developing countries, such as China, India, etc., has created new opportunities for the paper furniture pads market. The usage of paper furniture pads enables manufacturers & suppliers to stack goods and improve the efficiency of the supply chain network.
Global Paper Furniture Pad Market - Segmentation
The global paper furniture pad market is segmented by material type, layer type, binding items and end user. The pricing for paper furniture pad has been done based on the material type segment in US$ million, and the volume is considered in tonnes.
On the basis of material type, the global paper furniture pad market is segmented into -
- Solid Bleached Sulfate (SBS)
- Coated Unbleached Kraft Paperboard (CUK)
- Coated Recycled Paper (CRP)
- Waxed Paper
On the basis of layer type, the global paper furniture pad market is segmented into -
- Double Layer
- Triple Layer
On the basis of binding items, the global paper furniture pad market is segmented into -
- Stretch Wraps
- Plastic or Steel Straps
On the basis of end user, the global paper furniture pad market is segmented into -
- Logistic Industry
- Packing & Unpacking Suppliers
- Other End Users
Paper furniture pad is mainly used by the providers of packing & unpacking services and the logistics industry.
Global Paper Furniture Pad Market – Regional Overview
North America is expected to be a prominent market in the paper furniture pad market during the forecast period. On the other hand, China and India are expected to witness significant growth in the Asia paper furniture pad market. These countries have witnessed a shift in the demand to paper instead of plastic owing to the strict regulations governing the usage of the latter. Moreover, the Latin America paper furniture pad market is expected to record lethargic growth due to slow economic recovery.
Global Paper Furniture Pad Market – Key Players
Some of the key players in the paper furniture pad market are John Johnson Co., Inc.; Eide Industries, Inc.; Imperial Paper Company; Arrow Packaging; Multi-Wall Packaging Corporation; Rose City Awning Co., Inc.; Atlantic Paper Company and Interstate Paper Supply Co. Inc.
The report on paper furniture pad market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report paper furniture pad market provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Paper furniture pad market also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.