Paper Tubes Market Size & Industry Trends Report for 2031
In 2021, the paper tubes market expanded tremendously. The study predicts that the market for paper tubes will generate close to US$17,150 Mn in sales in 2031, with a compound annual growth rate (CAGR) of 6.5%.
The wide variety of uses for paper tubes continues to be the main engine of market expansion on a global scale. Paper tubes are used by manufacturers of paper and plastic film to wind large rolls during the manufacturing process, in addition to being used in packaging.
Moreover, it is used in the retail industry to dispense and package tissues, adhesives, foils, and paper rolls. The aforementioned elements will boost demand for paper tubes in the packaging and retail sectors.
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A Key Growth Factor Will Be The Need for Sustainable Packaging and Innovative Packaging Trends
Leading package manufacturers are implementing eco-friendly procedures as a means of reducing their carbon footprint. Demand is also largely influenced by the strict regulatory reforms that have been implemented in several countries to reduce the usage of plastic.
Also, the usage of paper tubes in the packaging of foods, oral care items, cosmetics, educational credentials, retail goods, and other items has increased due to end-user preferences for biodegradable materials like paper.
Cosmetics to the Largest Application of Paper Tubes during the Forecasted Period
Rising disposable income has led the cosmetics industry in emerging economies to grow at a rapid pace. Many cosmetics companies have stated their intention to switch to paper-based packaging.
Amorepacific, for instance, unveiled its latest technology in April 2021 to manufacture in-house paper tubes. L'Oreal has introduced paper tubes in their product packaging as well. The above trends will increase the market share of paper tubes in the Cosmetics segment.
The US and Canada Demand Outlook for Paper Tubes Market
The US and Canada paper tube market is highly fragmented with a large number of players. Manufacturers of paper tubes in the US are looking to include eco-friendly practices in their operations by recovering, reconfiguring, and returning to market the industrial paper tubes and cores.
For instance, Paper Tubes and Cores Corporation recovers used paper tubes and recycles them to create their products. The increasing awareness about planet conservation and sustainability will contribute to the rise in demand for paper tubes in the Packaging industry.
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Europe Paper Tubes Market Outlook
Paper tubes are extensively utilised in the Food and Beverages industries in the region. Europe also exports a substantial share of its paper tubes products. The UK, Germany, and France hold a substantial market share in the Europe paper tubes market. The market for paper tubes is estimated to grow considerably during the forecasted period owing to the flourishing Food and Beverage sector.
Paper Tubes: Market Segmentation
Based on Type:
Spiral wound Paper Tube
Convolute or Parallel wound Paper Tube
Based on Application:
Food and Beverages
Pharmaceuticals
Cosmetics
Automotive and Electronics
Construction
Printing and Paper-making
Others
Based on Distribution Channel:
B2B (Direct sales)
B2C (Indirect Sales)
Store-based
Specialty stores
Discount stores
Wholesale stores
Other retail-based formats
Online retail
Based on Region:
Europe
North America
Latin America
Asia Pacific
Middle East and Africa
Oceania
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