The global composite cardboard tubes market is anticipated to reach a valuation of US$ 1.7 billion in 2023, driven by growing demand for luxury packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 3.1 billion by 2033.
The rapid growth of e-commerce and online retail has significantly impacted the packaging industry, creating a need for sturdy and protective packaging solutions. Composite cardboard tubes have emerged as a preferred choice for packaging delicate and fragile products during shipping and handling due to their excellent protective qualities.
Cosmetics and personal care products often require secure and attractive packaging to maintain product integrity and appeal to consumers. Composite cardboard tubes provide a combination of protection and aesthetic appeal, making them suitable for packaging items such as creams, lotions, serums, and fragrances. The tubes’ rigid structure and ability to withstand external pressures and impacts during transit ensure that these products arrive at customers’ doorsteps in optimal condition.
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Composite cardboard tubes provide an excellent platform for product branding and customization. They can be easily printed, labeled, or decorated with vibrant graphics and designs, enhancing product visibility and brand recognition. Customized composite tubes offer a unique and premium packaging solution that appeals to consumers and positively impacts purchasing decisions. The trend of personalized and branded packaging is gaining momentum, augmenting the growth of the market.
Key Takeaways from the Market Study
- Global composite cardboard tubes market was valued at US$ 1.6 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 5.1%.
- China is expected to hold a dominant CAGR of 7.5% during the forecast period.
- By material type, the corrugated board segment is expected to constitute a CAGR of 5.9% in 2033.
- On the basis of end-user industry, the food & beverage segment is expected to dominate the market with a CAGR of 5.8% in 2033.
- From 2023 to 2033, composite cardboard tubes market is expected to flourish at a CAGR of 6.0%.
- By 2033, the market value of composite cardboard tubes is expected to reach US$ 3.1 billion.
Innovative product applications, across the globe is a major factor that is expected to propel the growth of the composite cardboard tubes market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the Composite Cardboard Tubes market are Ace Paper Tube Corp, Smurfit Kappa Group, Valk Industries, Visican Ltd, Marshall Paper Tube Co., Inc., Chicago Mailing Tube Co., Paper Tubes & Sales, Heartland Products Group, and Darpac P/L, among others.
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Recent Developments
- In 2022, Smurfit Kappa Group, a leading provider of paper-based packaging solutions, announced the launch of its innovative composite cardboard tube packaging solution. The company introduced a range of sustainable composite tubes that offer enhanced strength, durability, and protection for a variety of products. The tubes are made from renewable materials and are fully recyclable, aligning with the company’s commitment to sustainability.
- In 2021, Corex Honeycomb, a specialist in honeycomb core products, introduced composite cardboard tubes with honeycomb core technology. The technology enhances the strength and rigidity of the tubes while reducing their weight. The lightweight yet robust composite tubes offer excellent protection for products and are particularly suited for applications that require high strength-to-weight ratios.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global composite cardboard tubes market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the composite cardboard tubes market, the market is segmented on the basis of material type (paperboard, and corrugated board), by end-use industry (food & beverages, cosmetics & personal care, and others), and by lid type (ring lid foil assembly, ring pull style, slip lid, and peel-off membrane), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
Key Segments Profiled In The Global Composite Cardboard Tubes Market
By Material Type:
- Paperboard
- Corrugated Board
By End-use Industry:
- Food & Beverages
- Cosmetics & Personal Care
- Others
By Lid Type:
- Ring Lid Foil Assembly
- Ring Pull Style
- Slip Lid
- Peel-off Membrane
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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