The Paper Tube and Core Market in United States is on a trajectory of impressive growth, with Future Market Insights (FMI) forecasting a robust Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period spanning from 2023 to 2033. Market valuation is expected to experience substantial expansion, escalating from US$ 809.3 million in 2023 to US$ 1,227.6 million by 2033. In 2022, the market was valued at US$ 785.0 million and is on track to achieve a Year-on-Year (Y-o-Y) growth of 3.1% in 2023.
The ascent of e-commerce has left a profound imprint on the demand for paper tubes and cores. The surging prevalence of online retail has fostered a substantial requirement for dependable and secure packaging solutions to facilitate the safe transit and handling of products.
Furthermore, the presence of regulations that encourage the adoption of eco-friendly packaging materials and discourage the use of non-recyclable or single-use plastics has driven the demand for paper tubes and cores. These products are recognized as sustainable packaging alternatives, aligning perfectly with the growing environmental consciousness and the quest for responsible and eco-friendly packaging solutions.
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Key Trends Listed by Future Market Insights (FMI):
The integration of automation and technological innovation has ushered in enhanced efficiency, elevating the overall quality of paper tubes and cores.
An upward trajectory is observed in the adoption of lightweight paper tubes and cores that offer remarkable strength while minimizing resource usage.
Paper tubes and cores are swiftly gaining prominence as versatile alternatives to conventional packaging materials. Their eco-friendly characteristics and customizability make them a compelling choice across various industries.
The dynamic landscape of e-commerce and last-mile delivery is anticipated to play a pivotal role, contributing significantly to the revenue expansion in the paper tubes and cores market during the forecast period. This evolution aligns with the evolving consumer preferences and the demand for efficient, eco-conscious packaging solutions.
Paper Tube and Core Highly Demanded by Tubes & Cores Manufacturers
Paper core products derive their cost advantage from the affordable raw materials used, making them a budget-friendly alternative compared to other materials in the market. Manufacturers often prioritize economical packaging solutions that guarantee the safe delivery of their products to market. Additionally, paper tube packaging fulfills a vital mechanical role in safeguarding the enclosed items against potential damage.
In contrast to alternative materials like plastic, paper cores exhibit superior strength and heightened resilience against environmental factors. They can endure the rigors of extreme temperatures, whether subjected to scorching heat or biting cold brought about by seasonal fluctuations. This adaptability ensures their year-round utility, making them suitable for use in both summer and winter. Furthermore, paper cores come in a diverse range of shapes, sizes, and styles, accommodating a variety of items with differing dimensions and forms.
Drivers:
- Sustainable Packaging: Increasing environmental awareness and a shift towards sustainable packaging materials have boosted the demand for paper tubes and cores as eco-friendly alternatives.
- E-commerce Growth: The thriving e-commerce sector has driven the demand for paper tubes and cores for packaging and shipping applications.
- Industrial and Manufacturing Needs: Paper tubes and cores are essential in various industries, including textiles, paper, and construction, contributing to consistent demand.
- Customization: The ability to customize paper tubes and cores to specific dimensions and printing options caters to diverse industry requirements.
- Recyclability: Paper tubes and cores are recyclable, aligning with the sustainability trend and reducing environmental impact.
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Key Players
- Smurfit Kappa Group
- Sonoco Products Company
- Greif Inc
- DS Smith Plc
- CALLENOR CO INC
- Ace Paper Tube Corporation
- Valk Industries, Inc.
- Western Container Corporation
- Chicago Mailing Tube Co
- Ox Industries
- Yazoo Mills Inc.
Paper Tube and Core Market in United States by Category
By Material:
- Kraft board
- Virgin
- Recycled
- Paperboard
- Virgin
- Recycled
By Diameter:
- 23 mm to 76 mm
- 77 mm to 152 mm
- 153 mm to 229 mm
- 230 mm & Above
By End Use:
- Paper Industry
- Textile Industry
- Construction and Building Industry
- Film and Flexible
- Postal and Mailing Services
- Fireworks Industry
- Industrial and Manufacturing
- Others (Sports & Recreation, Pharmaceutical, etc.)
By Sub-region:
- Northeast
- Southwest
- West
- Southeast
- Midwest
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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