The paper tubes market saw soaring growth in 2021. According to the study, paper tubes market revenue will reach nearly US$17,150 Mn in 2031 with a compound annual growth rate (CAGR) of 6.5%.
The broad range of applications for paper tubes continues to be the primary driver of global paper tube market growth. Paper tubes are not only applied in packing, but also by paper and plastic film manufacturers to wind big rolls throughout the manufacturing process. It’s also utilized in retail to dispense and package paper rolls, adhesives, foils, and tissues. The above factors will increase the demand for paper tubes in the retail and packaging industries.
Demand for Sustainable Packaging and Innovative Trends in the Packaging Industry to be a Significant Driver of Growth
Leading manufacturers in the packaging industry are turning to innovative ways to reduce their carbon footprint by adopting eco-friendly processes. The implementation of rigorous regulatory reforms to curb the use of plastic in several nations is also a major driver of demand.
Additionally, end-user preferences for bio-degradable materials such as paper have accelerated the adoption of paper tubes in the packaging of foods, oral care products, cosmetics, educational certificates, retail products, and others.
Shifting trends within the Packaging and warehousing Industry will influence the market outlook of paper tubes. Service providers have begun to deploy advanced technologies and tools such as IoT (Internet of Things) and predictive analysis for smart inventory management.
Many of these suppliers are shifting to using paper tubes due to their convenience and flexibility, which will increase their demand in the packaging and warehousing sector.
Paper Tubes: Key players
Some key manufacturers in the Paper Tubes market include
- Ace Paper Tubes Corporation
- Valk Industries Inc
- Heartland Products LLC
- Wes-Pac Inc.
- Rae Products
- Chonqing Ubo Electrical Equipment Co Ltd.
- Paper Tubes and Core Corporation
- Ohio Paper Tube Company
- H.N. ZAPF GMBH
- Caraustar Industries
- Royal Paper Products
- Alpha Packaging Inc.
- and Jonesville Paper Tube Corp. among others.
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.
Paper Tubes: Market Segmentation
Based on Type, the global paper tubes market is segmented as:
- Spiral wound Paper Tube
- Convolute or Parallel wound Paper Tube
Based on Application, the global paper tubes market is segmented as:
- Food and Beverages
- Automotive and Electronics
- Printing and Paper-making
Based on Distribution Channel, the global paper tubes market is segmented as:
- B2B (Direct sales)
- B2C (Indirect Sales)
- Specialty stores
- Discount stores
- Wholesale stores
- Other retail-based formats
- Online retail
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583