Paper core is used diverse commercial and an array of industrial applications, notably as a thread core for several rolled paper, plastics, and textile products. They are also used in dental floss cores, thermal transfer ribbon cores, and foils. Manufacturers in the paper core market are leaning on meeting a wide cross-section of these demands by varying the dimensional, structural, and material characteristics of their products.
Over the years, an overarching trend shaping the contours of the paper core market is improving the recyclability and environmental-friendliness of these. Since, wood fibers are popularly used in making paper core, it becomes crucial more than ever to recycle used and after-use paper cores on a regular basis.
Paper and pulp packaging is gaining popularity at every level of the economy, from consumers, product manufactures to the packaging industry. As demand for healthy and recyclable packaging is expected to increase, investments boosting innovations in this sector are likely to grow.
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This, in turn, will give rise to innovative materials, processes, techniques and designs that meet consumer needs and tastes, besides being environmentally friendly.
Paper Core Market: Key Trends
Given the recurrent focus of brands across industries on sustainability, paper packaging has made massive progress in adopting environmentally friendly processes, such as increasing the use of recycled waste as raw material. On the other hand, various economies have recently intensified their focus on paper core waste recycling, boosting the growth of the paper core market.
Stringent implementation of governments’ norms pertaining to paper waste recycling has also infused new growth spark for market players. They are trumpeting the sustainability quotient to gain a competitive edge over their peers and new entrants in the paper core market. To put things in perspective, courtesy the data that 3 tons of wood are used in producing 1 ton of virgin paper. Thus, it makes increasingly economic sense to use recycled paper to make new paper cores.
The growing popularity of paper-packaged products also stems from this trend gaining attention from end consumers. Consumers have become increasingly conscious to adopt ecologically-friendly products. Also, products that use core paper packaging get substantial attention in supermarkets due to their recyclability aspect.
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Competitive Landscape
Paper Core Market is a fragmented market. The top players account for 10-15% of market share in the global production while smaller players in the Tier 3 range account for 65-75% of total market share.
The key players operating in the market have strategic focus on acquisition and geographic expansion to gain competitive edge along with expanding their product portfolio to provide the customers with a wide range of products while smaller players focus on expansion by collaborating and merging with other players.
- Smurfit Kappa Group, in April 2020, did partner with KHS for launching the TopClip multipack solution to bundle canned beverages.
- Sonoco Products Company, in August 2020, did complete acquisition of Can Packaging for close to US$ 50 Mn with the objective of developing innovative (ultimately patented) technology to produce high-performance and recyclable all-paper package.
Key Segments Covered in Paper Core Industry Research
Paper Core Market by Material Type:
- Kraft Board
- Virgin
- Recycled
- Paperboard
Paper Core Market by Diameter Type:
- 23 mm-76 mm
- 77 mm-152 mm
- 153 mm-229 mm
- 230 mm & above
Paper Core Market by Application:
- Paper & Polyester
- Winding & Rewinding
- Decoration & Specialty Paper
- Hygiene & Tissue Paper
- Printing & Coating
Paper Core Market by End-use:
- Paper & Polyester
- Electronic
- Textile
- Constructing
- Beverage Packaging
Paper Core Market by Region:
- North America Paper Core Market
- Latin America Paper Core Market
- Europe Paper Core Market
- East Asia Paper Core Market
- South Asia Paper Core Market
- Oceania Paper Core Market
- Middle East & Africa (MEA) Paper Core Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Taxonomy
3. Global Paper Cores Market Demand Analysis 2015–2021 and Forecast, 2022–2030
3.1. Historical Market Volume ( Mn Units) and Value (US$ Mn) Analysis, 2015–2021
3.2. Current and Future Market Volume (Mn Units) and Value (US$ Mn) Projections, 2022–2030
3.3. Y-o-Y Growth Trend Analysis
4. Global Paper Cores Market – Pricing Analysis
4.1. Regional Pricing Analysis
4.2. Pricing Break-up
4.3. Global Average Pricing Analysis Benchmark
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