answering my own question in case it helps anyone.
We detect the map container size and check if the marker is going outside the visible area by converting its lat/lng coordinates to a container point (map.containerPointToLatLng(markerContainerPosition))
As a bonus, this code leaves the marker in the same position relative to the map container when the user moves the map. It ensures that the marker never goes outside the visible area (even when zooming)
var southWest = L.latLng(-90, -180),
northEast = L.latLng(90, 180);
var bounds = L.latLngBounds(southWest, northEast);
var map = L.map('map', {
minZoom: 2,
zoomControl: false,
attributionControl: false,
maxBounds: bounds
});
// Using cartoDB basemap
L.tileLayer('https://cartodb-basemaps-{s}.global.ssl.fastly.net/light_all/{z}/{x}/{y}.png', {
minZoom: 2,
subdomains: 'abcd',
detectRetina: true,
attribution: ''
}).addTo(map);
map.fitBounds(bounds);
var newMarker0 = L.marker(map.getCenter(), {
icon: new L.Icon.Default(),
zIndexOffset: 10000,
draggable: true
});
newMarker0.addTo(map);
var mapSize = map.getSize();
var markerContainerPosition = map.latLngToContainerPoint(newMarker0.getLatLng());
function mapMove() {
newMarker0.setLatLng(map.containerPointToLatLng(markerContainerPosition));
}
function markerDrag(e) {
var mTempContainerPos = map.latLngToContainerPoint(newMarker0.getLatLng());
var newPos;
if (mTempContainerPos.x < 20) {
if (mTempContainerPos.y < 45) {
newPos = L.point(20, 45);
} else if (mTempContainerPos.y > (mapSize.y - 20)) {
newPos = L.point(20, mapSize.y - 20);
} else {
newPos = L.point(20, mTempContainerPos.y);
}
} else if (mTempContainerPos.x > mapSize.x - 20) {
if (mTempContainerPos.y < 45) {
newPos = L.point(mapSize.x - 20, 45);
} else if (mTempContainerPos.y > (mapSize.y - 20)) {
newPos = L.point(mapSize.x - 20, mapSize.y - 20);
} else {
newPos = L.point(mapSize.x - 20, mTempContainerPos.y);
}
} else {
if (mTempContainerPos.y < 45) {
newPos = L.point(mTempContainerPos.x, 45);
} else if (mTempContainerPos.y > (mapSize.y - 20)) {
newPos = L.point(mTempContainerPos.x, mapSize.y - 20);
}
}
if (newPos) {
markerContainerPosition = newPos;
newMarker0.setLatLng(map.containerPointToLatLng(newPos));
} else {
markerContainerPosition = mTempContainerPos;
}
}
map.on('move', mapMove);
newMarker0.on('drag', markerDrag);