According to the report by FMI, the global paper core market was projected to reach US$3.4 billion in 2022, and it is expected to grow at a CAGR of 4.9% from 2022 to 2030. The market’s growth is driven by the increasing demand for paper cores across various industries, including paper & pulp, textiles, and construction.
Paper cores play a crucial role in industries such as paper and pulp, where they are used to wind materials like paper and pulp. In the textile industry, paper cores are utilized for winding yarns, threads, and textiles. Additionally, paper cores are used in the construction sector to wrap insulating materials.
The paper core market is an essential component of the global supply chain and is experiencing continuous growth. Paper cores are cylindrical tubes made of materials like cardboard, paperboard, or other suitable materials, and they are used for wrapping paper, textiles, films, tapes, and more. The market for paper cores is driven by the growing demand for environmentally friendly and sustainable packaging solutions across various industries, reflecting the increasing focus on sustainability and eco-friendly practices.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5317
One of the key factors influencing the paper core market is the rising demand for sustainable and environmentally friendly packaging options. As people become more aware of environmental issues such as plastic waste and carbon emissions, the use of eco-friendly packaging materials has gained prominence. Paper cores offer a recyclable, biodegradable, and reusable packaging solution that aligns with sustainable practices.
In terms of regional analysis, North America leads the paper core market, followed by Europe and Asia Pacific. The expansion of the market in North America is attributed to the increasing adoption of eco-friendly packaging solutions and the growing demand for paper and pulp products in the region.
To summarize, the paper core market is experiencing rapid growth due to the rising demand for sustainable and eco-friendly packaging solutions across multiple industries. The market is highly competitive, with key players operating in the industry. Factors such as the demand for paper and pulp products and the increasing environmental awareness are driving the growth of the paper core market. It is anticipated to continue growing significantly in the coming years, propelled by the adoption of eco-friendly packaging solutions and the continued 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.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-5317
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
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-5317
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
