The United States Paper Tube & Core Market is on a trajectory of impressive growth, with Future Market Insights (FMI) forecasting a robust Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period spanning from 2023 to 2033. Market valuation is expected to experience substantial expansion, escalating from US$ 809.3 million in 2023 to US$ 1,227.6 million by 2033. In 2022, the market was valued at US$ 785.0 million and is on track to achieve a Year-on-Year (Y-o-Y) growth of 3.1% in 2023.
The burgeoning e-commerce sector has left a significant imprint on the paper tube and core market. The surge in online shopping and the subsequent need for secure, reliable packaging solutions for shipping and product handling have spurred the demand for paper tubes and cores.
Furthermore, the presence of regulations that encourage the adoption of eco-friendly packaging materials and discourage the use of non-recyclable or single-use plastics has driven the demand for paper tubes and cores. These products are recognized as sustainable packaging alternatives, aligning perfectly with the growing environmental consciousness and the quest for responsible and eco-friendly packaging solutions.
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Drivers:
- Sustainable Packaging: Increasing environmental awareness and a shift towards sustainable packaging materials have boosted the demand for paper tubes and cores as eco-friendly alternatives.
- E-commerce Growth: The thriving e-commerce sector has driven the demand for paper tubes and cores for packaging and shipping applications.
- Industrial and Manufacturing Needs: Paper tubes and cores are essential in various industries, including textiles, paper, and construction, contributing to consistent demand.
- Customization: The ability to customize paper tubes and cores to specific dimensions and printing options caters to diverse industry requirements.
- Recyclability: Paper tubes and cores are recyclable, aligning with the sustainability trend and reducing environmental impact.
Restraints:
- Market Competition: Competition from alternative materials like plastic and metal can impact the market for paper tubes and cores.
- Cost Considerations: The cost of paper tubes and cores, especially when customized, can be higher compared to other materials.
- Environmental Regulations: Stringent regulations related to the paper industry and waste disposal may impact production and use of paper tubes and cores.
- Limited Durability: Paper tubes and cores may have limited durability compared to some alternatives, affecting their suitability for certain applications.
- Technological Advancements: Evolving technologies and materials may offer alternatives that could replace traditional paper tubes and cores.
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Key Trends Listed by Future Market Insights (FMI):
An upward trajectory is observed in the adoption of lightweight paper tubes and cores that offer remarkable strength while minimizing resource usage.
The integration of automation and technological innovation has ushered in enhanced efficiency, elevating the overall quality of paper tubes and cores.
Paper tubes and cores are swiftly gaining prominence as versatile alternatives to conventional packaging materials. Their eco-friendly characteristics and customizability make them a compelling choice across various industries.
The dynamic landscape of e-commerce and last-mile delivery is anticipated to play a pivotal role, contributing significantly to the revenue expansion in the paper tubes and cores market during the forecast period. This evolution aligns with the evolving consumer preferences and the demand for efficient, eco-conscious packaging solutions.
Key Players
- 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 by Category
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.)
By Sub-region:
- Northeast
- Southwest
- West
- Southeast
- Midwest
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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