The global paper core market was anticipated to reach US$ 3.4 billion in value in 2022, according a recent analysis by FMI. From 2022 to 2030, it is anticipated to increase at a compound annual growth rate (CAGR) of 4.9%. The increase in demand for paper cores across numerous industries, including paper & pulp, textiles, and construction, is credited with driving the market.
Paper cores are used to wind materials like paper, pulp, and other related goods, playing a significant role in the paper and pulp industry. Paper cores are used to wind yarns, threads, and fabrics in the textile industry. Paper cores are often used by the construction sector to wrap insulating materials.
In the worldwide supply chain, the paper core market is of utmost significance and is still expanding steadily. Wrapping paper, textiles, films, tapes, and other items are commonly packaged in these cylindrical tubes, which are typically made of cardboard, paperboard, or materials similar to those. The growing need for sustainable packaging solutions across numerous industries, including paper and pulp, textiles, and construction, is the main factor fueling the market’s rise.
The increased inclination for environmentally friendly and sustainable packaging choices is one of the major factors affecting the paper core industry. The use of eco-friendly packaging materials has increased as awareness of environmental issues including plastic waste and carbon emissions has increased. Paper cores provide an environmentally friendly packaging option that is recyclable, biodegradable, reusable and sustainability.
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From a regional perspective, North America leads the paper core market, followed by Europe and the Asia Pacific. The market’s growth in North America can be attributed to the increasing adoption of eco-friendly packaging solutions and the rising demand for paper and pulp products in the region.
In conclusion, the paper core market is a rapidly expanding industry fueled by the rising demand for sustainable and eco-friendly packaging solutions across diverse sectors. The market is characterized by strong competition, with several key players operating within the industry. Factors such as the growing demand for paper and pulp products and the increasing awareness of environmental issues are the primary drivers of the paper core market. The market is expected to continue its significant growth trajectory in the years ahead, driven by the adoption of eco-friendly packaging solutions and the surging demand for paper and pulp products.
Key Takeaways from Paper Core Market
The Asia-Pacific is witnessing maximum turbulence on the account of paper core market. This could be attributed to the textile industry getting extensively benefited through the usage of paperboard and paper packaging, thereby stating that more than 70% of the packaging material is made out of paperboard and paper. Also, with end-consumers vying for ‘value for money’, the paper core market is expected to scale new heights in the near future, as far as this region is concerned. As of now, China is at the first position regarding exports of apparel.
- Europe stands second with more than 20% of the market share.
- North America is expected to go steady with paper core in the forecast period.
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Market Benefits
1.The study provides an in-depth analysis of the global paper core market along with the current trends and future estimations to elucidate the imminent investment pockets.
2.The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
3.An extensive analysis of the market based on application assists in understanding the trends in the industry.
4.The report presents a quantitative analysis of the market from 2022 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
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 Players:
- Sonoco Products Company
- CPPC Public Co., Ltd
- Advanced Paper Tube, Inc.
- YAZOO MILLS Inc.
- Eerste Nederlandse Rondkartonnagefabriek B.V. (ENR)
- Smurfit Kappa Group
- Kunert Group
Region-wise Insights
Textile manufacturers in Europe and Asia are benefiting greatly from the use of paper and paperboard packaging, with over 70% of their packaging material being made from these materials. This has led to increased revenue and a growing demand for paper-based packaging products in North America, Europe, and Asia.
Paper core manufacturers are focusing on developing economies, particularly in the Asia-Pacific region, due to the growth in trade volume. Customers and end users in these regions prefer value for money, leading textile manufacturing companies to choose paper cores, especially those made from recyclable materials. Paper cores are being adopted by textile and ready-made garment manufacturers.
The Asia-Pacific region, especially APAC, is expected to have higher usage of paper cores due to their cost-effective nature. Paper cores are highly demanded in the Asian market, with countries like Bangladesh and China being major players in the global apparel export market.
In East Asia, there is high consumption of paper cores for paper and polyester packaging and decoration. This is due to their lightweight, unbreakable, and recyclable nature, along with excellent barrier properties against oxidation and temperature. The expansion of the paper and polyester industry in East Asia is expected to further drive the use of paper cores in the market
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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
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