The forecast term is expected to see a CAGR of 7.75% for the global market for tubes and cores. In 2022, the market is expected to be worth US$3.31 billion. By 2032, it is expected that the market for tubes and cores will have grown to a high of US$ 6.98 billion. Expert researchers at Future Market Insights have calculated a historical CAGR of 5.79% using data from the base year.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Tubes And Cores
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Tubes And Cores market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Tubes And Cores Market Takeaways and Projections
- The U.S. is expected to lead the North America Tubes And Cores market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Report Benefits & Key Questions Answered
- Tubes And Cores Historical Market Analysis: The detailed survey by FMI, examines key factors in the Tubes And Cores market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Tubes And Cores market for the forecast period 2022-2032.
- Tubes And Cores Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Tubes And Cores for the assessment period. As per the study, the demand for Tubes And Cores will grow at a robust CAGR between 2022 and 2032.
- Tubes And Cores Market Trend Analysis: The latest study by FMI on the Tubes And Cores market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Tubes And Cores market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Tubes and Core Market: Market Segmentation
The global market for tubes and coresis segmented on the basis of material type, application type and by end use.
On the basis of material type tubes and cores market is segmented as:
- Plastic
- Paper
On the basis of application type tubes and cores market is segmented as:
- Label Rollstocks
- Films and tapes
- Sanitary Products
- Others
On the basis of end use tubes and cores market is segmented as:
- Textile industry
- Building & Construction industry
- Consumer use and personal care
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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