Paper Tube Market Overview:
Paper Tube Market is valued at around USD 7235.95 million in 2022 and is expected to reach USD 17,150 million by 2030, registering a CAGR of 6.5% over the forecast period.
Paper tubes are cylindrical structures with a range of packing and storage uses that are constructed from paperboard or cardboard. They are extensively utilized in many different industries, including paper, textile, construction, food & drink, cosmetics, and others. Paper tubes are a common option for packing because of their durability, portability, affordability, and environmental friendliness.
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Market Growth Factors:
Paper tube demand is being driven by the construction and cosmetics industries’ robust expansion. The most urbanized individuals have a propensity to choose novel and inventive things, and their spending patterns show that they spend more money on these types of goods. Paper tubes are made from wood pulp and come in three different varieties: waterproof, water-resistant, and recycled cardboard. Paper tubes can be produced at a low cost because their basic material is widely accessible and reusable.
“Rising Need for Innovative & Sustainable Packaging Products”
Reducing their carbon footprints through the adoption of eco-friendly methods is driving leading manufacturers to increase their research investments. Many countries have enacted strict legislative changes to reduce the usage of products made of plastic.
In addition, end-user preferences for biodegradable materials like paper have accelerated the usage of paper tubes due to strong demand for the packaging of foods, oral care products, cosmetics, retail products, and other items.
“Cosmetic Applications Keep Controlling the Landscape”
Cosmetic product packaging has historically been made of plastic, which is harmful to both customers and the environment. These days, the cosmetic industry have shifted to paper-based packaging due to growing disposable income.
Market Trends:
As environmental concerns grow, so does the need for sustainable packaging solutions, which is one of the emerging trends in the worldwide paper tube market. Paper tubes made of sustainable materials are increasingly being used in place of metal and plastic containers. Paper tubes are in greater demand for shipping and packaging due to the expansion of e-commerce and online retailing. Additionally, new forms and designs are emerging in the market, facilitating improved branding and product differentiation. Furthermore, industries including food and beverage, cosmetics, and pharmaceuticals are seeing a surge in demand for paper tubes due to the growing use of flexible packaging and lightweight materials.
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Market Segments:
On the basis of type:
- Spiral wound paper tube
- Convolute or parallel wound paper tube
- Others
On the basis of application:
- Food and beverages
- Pharmaceutics
- Cosmetic
- Automotive and electronics
- Construction
- Printing and paper-making
- Others
On the basis of distribution channel:
- B2B (Direct sales)
- B2C (Indirect sales)- store based, online retail.
- Others
- On the basis of enterprise size, the market is segmented into:
- Large enterprises
- Small and medium enterprises
- Others
On the basis of end-user:
- Financial services
- Government
- Healthcare
- Media and entertainment
- Retail
- Transportation and logistics
- Travel
- Others
Regional Analysis:
The food and beverage industries in Europe are major users of paper tubes, and the region accounts for a sizable portion of the global paper tubes market that is exported. The UK, Germany, and France dominate the European paper tube market, which is expected to grow significantly over the forecast period due to the booming food and beverage industry and the growing demand for paper tubes as consumers become more environmentally conscious.
Key Market Players:
Ace Paper Tubes Corporation, Alpha Packaging Inc. Caraustar Industries, Caravan Products, Chongqing Ugo Electrical, Equipment Co Ltd., Custom Paper Tubes, Excel Tubes & Cones, H.N. ZAPF GMBH, Heartland Products LLC, Jonesville Paper Tube Corp, Lux Pac, National Paper Tube Industries, Ohio Paper Tube Company, Paper Tube Co., Paper Tubes and Core Corporation, Rae Products, Royal Paper Products, Shree Omiya Paper Tubes, Sigma, Sonoco, Valka Industries Inc., and Wes-Pac Inc., and others.
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