Market Overview
The paper tube market has witnessed a tremendous growth in 2021. According to the study, the paper tube market revenue will reach nearly 17,150 million US$ in 2031 with a compound annual growth rate (CAGR ) by 6.5%.
The wide range of applications for paper tubes continues to be the main driver for the growth of the global paper tubes market. Paper tubes are not only used in packaging, but also by paper and plastic film manufacturers to roll up large rolls throughout the manufacturing process. It is also used in retail to dispense and package paper rolls, adhesives, sheets and tissues. The above factors will increase the demand for paper tubes in the retail and packaging industries.
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Demand for sustainable packaging and innovative trends in the packaging industry will be a significant growth driver
Leading manufacturers in the packaging industry are turning to innovative ways to reduce their carbon footprint by adopting processes eco-friendly. The implementation of stringent regulatory reforms to limit the use of plastic in several countries is also a major driver of demand.
Additionally, end-user preferences for biodegradable materials such as paper have accelerated the adoption of paper tubes in the packaging of food, oral care products, cosmetics, educational certificates, retail and other products.
Changing trends within the packaging and warehousing industry will influence the outlook for the paper tube market. Service providers have started deploying advanced technologies and tools such as IoT (Internet of Things) and predictive analytics for intelligent inventory management.
Many of these vendors are turning to using paper tubes because of their convenience and flexibility, which will increase their demand in the packaging and warehousing sector.
Cosmetics to the largest application of paper tubes during the forecast period
Rising disposable income has driven rapid growth of cosmetics industry in emerging economies. Many cosmetics companies have announced plans to switch to paper-based packaging.
Amorepacific, for example, unveiled its latest technology in April 2021 to manufacture paper tubes in-house. L’Oréal has also introduced paper tubes in the packaging of its products. The above trends will increase the paper tube market share in the cosmetics segment.
The US and Canada paper tube market demand outlook
The US and Canadian paper tube market is highly fragmented with a large number of players. Paper tube manufacturers in the United States seek to include environmentally responsible practices in their operations by recovering, reconfiguring and remarketing industrial paper tubes and cores.
For example, Paper Tubes and Cores Corporation collects used paper tubes and recycles them to create their products. The growing awareness of planet conservation and sustainability will help increase the demand for paper tubes in the packaging industry.
Europe Paper Tube Market Outlook Paper
tubes are widely used in the food and beverage industries in the region. Europe also exports a substantial part of its products in paper tubes.
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The UK, Germany and France hold a substantial market share in the European paper tube market. The paper tube market is expected to grow significantly over the forecast period owing to the booming food and beverage sector.
Additionally, as consumers become more environmentally conscious, the demand for paper tubes will increase.
Paper Tubes: Key Players
Some key manufacturers of the Paper Tubes market include
Ace Paper Tubes Corporation
Valk Industries Inc
SigmaQ
Heartland Products LLC
Wes-Pac inc.
Rae Products
Chonqing Ubo Electrical Equipment Co Ltd.
Paper Tubes and Core Corporation
Sonoco
Ohio Paper Tube Company
HN ZAPF GMBH
Caraustar Industries
Luxpac
Paper Products Royal
Alpha Packaging Inc.
and Jonesville Paper Tube Corp., among others.
Paper Tubes: Market Segmentation
Based on Type, the global paper tubes market is segmented as follows:
Spirally wound paper
tube Parallel or coiled paper tube
Based on Application, the global paper tubes market is segmented into:
Food & Beverage
Pharmaceuticals
Cosmetics
Automotive & Electronics
Construction
Printing & Paper Manufacturing
Others
Based on distribution channel, the global paper tubes market paper is segmented as follows:
B2B (Direct Sales)
B2C (Indirect Sales)
In-Store
Specialty
Stores Discount
Stores Wholesale Stores
Other Retail-Based Formats
Online Retail
Based on Region, Global Paper Tube Market is segmented as follows:
Europe
North
America Latin America
Asia-Pacific
Middle East and Africa
Oceania
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