The United States paper tube and core market is set to witness 4.7% CAGR over the forecast period 2023 to 2033, predicts Future Market Insights (FMI). The market will likely skyrocket from US$ 809.3 million in 2023 to US$ 1,227.6 million by 2033.
The market stood at US$ 785.0 million in 2022. It is poised to register a Y-o-Y increase of 3.1% in 2023. The textile industry by end-use division held a share of about 26.5% in 2022 within the United States market.
The growing popularity of fiber-based packaging in several end-use sectors has increased the demand for paper cores. The use of recycled waste as a raw material is increasing, and the paper tube market is expanding. Companies focus on developing countries, especially due to the increasing trade volume in emerging countries such as Asia Pacific.
In East Asia, there is a high consumption of paper cores for packaging and decoration made of paper and polyester. This is due to their properties, such as lightweight, indestructible, good barrier properties against oxidation and temperature, and recyclability.
Tubes and cores protect goods and products from damage, provide easy handling features, and reduce packaging costs across diverse sectors such as food and beverage, logistics, cosmetics and personal care, construction, apparel, and trucking.
Due to increased trade volumes, United States paper tube makers are focusing on developing countries, especially emerging markets in Asia-Pacific. Both customers and end-users in these regions focus on cost performance, forcing textile manufacturers in the region.
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Consumers are choosing paper cores, especially those made from recyclable materials. The growing popularity of fiber-based packaging in various end-use sectors has increased the demand for the paper core market.
Manufacturers in the paper core market strive to meet these requirements by varying their products’ dimensions, construction, and material properties.
The development of Smurfit Kappa’s AquaStop™ paper, a sustainable and water-resistant paper, is a significant innovation in the paper core market.
The paper is coated with a special coating that makes it water-resistant and recyclable. This new paper opens up new possibilities for the paper core market. It can be used in various industries, such as food and beverage, cosmetics, and pharmaceuticals.
The paper can be used for packaging materials and winding products for distribution and storage. Using sustainable water-resistant paper such as AquaStop™ paper will likely drive the demand for paper cores and tubes. The paper core market is essential in various industries due to its recyclability, lightweightness, and biodegradability.
Using paper cores and tubes is a cost-effective, practical, and environmentally sustainable solution compared to plastic cores. Custom printing capability is available for paper tubes, allowing for text, logos, and designs to be printed inside or outside the core.
Key Takeaways of United States Paper Tube & Core Market
- The paper & core market in the United States is set to witness a 7% CAGR through the forecast.
- In 2023, the United States market is poised to reach US$ 809.3 million.
- The paperboard material type division is expected to hold around 3% shares by 2033 in the United States market.
- In the diameter segment, 230 mm & above diameter division will likely witness a 0% CAGR during the forecast period.
- In terms of sub-region, the Northeast region is estimated to hold 7% market share in the year 2023.
“Surging demand for stainable packaging solution is likely to fuel the paper tubes and cores in the United States. Manufacturers are working on providing customizable solution to cater specific needs across emerging economies in the Asia Pacific. Cardboard tubes are especially likely to remain highly popular.” – says a lead analyst at FMI
Completive Landscape
Key manufacturers might offer a wide range of paper tube sand core products in various sizes, shapes, and specifications. They might provide customization options to meet specific requirements of their customers, such as printing, branding, and logos on tubes.
Recent developments:
- In May 2022, Sonoco indicated that it will increase the price of all paperboard tubes & cores by at least 6%, beginning with deliveries throughout the United States.
- In September 2022, the Smurfit Kappa Group acquired a packaging plant, PaperBox, in Rio de Janeiro, for further expansion in Brazil.
The Major Key Players Are:
- 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.
United States Paper Tube & Core Market Segmentations:
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.)
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About the Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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Originally Published By: https://www.chronicles24.com/index.php/2023/09/01/united-states-paper-tubes-core-market-to-reach-a-valuation-of-us-1227-6-million-by-2033/
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 to favor market growth in various segments based on Material, Diameter, End Use, and Region over the next ten years.
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