Paper core is utilised in a variety of commercial and industrial applications, such as a thread core in rolled paper, plastics, and textiles. Dental floss cores, thermal transfer ribbon cores, and foils all employ them. By adjusting the dimensional, structural, and material features of their goods, manufacturers in the paper core market are hoping to meet a wide range of these needs.
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.
Consumers, product manufacturers, and the packaging business are all becoming more interested in paper and pulp packaging. As the need for healthy and recyclable packaging grows, so will investments in this area that promote innovation.
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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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