Composite Cardboard Tubes Market Outlook: Projected to Achieve a 6.0% CAGR by 2033

With a projected valuation of US$ 1.7 billion in 2023, the global composite cardboard tubes market is witnessing heightened growth attributed to a rising preference for sustainable packaging solutions. The market is poised to experience a substantial Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2033, reaching an estimated total value of around US$ 3.1 billion by the end of the forecast period. This surge in demand underscores the increasing emphasis on eco-friendly packaging options and signifies the evolving landscape in the packaging industry towards more sustainable and environmentally responsible practices.

One of the primary factors driving the growth of the composite cardboard tubes market include the rapid expansion of the e-commerce and online retail sector, which has created a surge in the demand for reliable and sustainable packaging solutions. Composite cardboard tubes offer excellent protection for delicate and fragile products during shipping and handling. They are an ideal choice for products such as cosmetics, personal care items, food items, and consumer electronics. The demand for composite cardboard tubes is expected to rise significantly, as e-commerce continues to thrive and consumers increasingly prefer online shopping.

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Another significant factor contributing to market growth is the growing emphasis on sustainable packaging, which has been driven due to the increasing environmental concerns and consumer awareness. Composite cardboard tubes, being made from renewable and recyclable materials, align with the principles of sustainability. The tubes can be easily recycled, reducing the carbon footprint and contributing to a circular economy. The composite cardboard tubes market is expected to experience sustained growth, as more companies and consumers prioritize sustainability.

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.

Market Drivers:

1. Sustainable Packaging Trends: With increasing awareness about environmental issues, there is a growing demand for sustainable packaging solutions. Composite cardboard tubes, being eco-friendly and recyclable, may witness increased demand due to this trend.
2. E-commerce Growth: The rise of e-commerce has led to an increased demand for durable and protective packaging. Composite cardboard tubes, being lightweight yet sturdy, may find applications in the packaging of various products sold online.
3. Innovations in Materials: Advances in composite materials used in cardboard tubes, such as incorporating recycled content or developing high-strength variants, can drive market growth.
4. Customization and Branding: Companies are often looking for unique and customizable packaging solutions to enhance their brand image. Composite cardboard tubes provide a versatile option for creative packaging designs.

Market Restraints:

1. Raw Material Costs: Fluctuations in the costs of raw materials, such as paper and adhesives used in composite cardboard tubes, can impact the overall production cost and potentially restrain market growth.
2. Competition from Alternative Materials: Other materials, such as plastic or metal, may offer alternatives to composite cardboard tubes. The market may face challenges if these materials prove more cost-effective or better suited for certain applications.
3. Regulatory Compliance: Changes in regulations related to packaging materials and recycling standards can affect the production and usage of composite cardboard tubes. Compliance with evolving standards may pose challenges for manufacturers.
4. Limited Applications: Composite cardboard tubes may not be suitable for all packaging needs, especially those requiring extreme durability or resistance to specific environmental conditions. This limitation may impact market expansion.

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.

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.

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Key Segmentations-

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

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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