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Market Size in USD Billion
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USD 2.96 Billion |
| USD 4.67 Billion | |
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Global Composite Cardboard Tube Market, By Material (Paperboard, Corrugated Board, Kraft Paper, Others), Lid Type (Ring Lid Foil Assembly, Ring Pull Style, Slip Lid, Peel-Off Membrane), End User (Food and Beverages, Coffee, Baby Food, Milk Powder, Cosmetics and Personal Care, Postal and Mailing Industry, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Composite cardboard tubes are one of the packaging styles that provide protection and preservation and also grow the image and appeal of a product. It comprises a recycled paper tube body with a plastic or tin base and a lid. They are commonly used for promotional and premium product packaging. They are very adaptable since they use less material than other standard cardboard boxes with equal dimensions. These tubes are hard to crush, strong, and can hold their shape. Moreover, these packaging products are used to preserve and protect variety of products. They're made to protect the contents of the package from damage and contamination.
Data Bridge Market Research analyses that the composite cardboard tube market was valued at USD 2.96 billion in 2021 and is expected to reach USD 4.67 billion by 2029, registering a CAGR of 5.86 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Paperboard, Corrugated Board, Kraft Paper, Others), Lid Type (Ring Lid Foil Assembly, Ring Pull Style, Slip Lid, Peel-Off Membrane), End User (Food and Beverages, Coffee, Baby Food, Milk Powder, Cosmetics and Personal Care, Postal and Mailing Industry, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Smurfit Kappa (Ireland), Hansen Packaging (Canada), CALLENOR Co. (U.S.), Eerste Nederlandse Rondkartonnagefabriek B.V. (Netherland), Ace Paper Tube (U.S.), ALBERT EGER GmbH & Co. KG (Germany), ImPakt packaging (India), Valk Industries, Inc. (U.S.), Romiley Board Mill (U.K.), kunert gruppe (Germany), YAZOO MILLS Inc. (U.S.), Chicago Mailing Tube (U.S.), DAE - DO PAPER TUBE VIETNAM CO., LTD, (Vietnam), Sonoco Products Company (U.S.), Eco Canister (India), Thanh Cong Paper Tube Co., Ltd, (Vietnam), Advanced Paper Tube, Inc., (U.S.)
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Market Opportunities
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Market Definition
The composite cardboard tubes, also known as paper tubes, are cylindrical products and fabricated from varieties of cardboard such as kraft paper, fiberboard, paperboard and paper-adhesive composites. Composite cardboard tubes are used for various functions in different industries. Composite cardboard tube are manufactured from paper. These tubes are manufactured in such a way as to provide structural support overall the cross section and the length of the tube.
Plastic is an unsafe material for packaging food due to the inner lining present in plastic packaging that can react with the product and contaminate it. Heating food packed product in plastic in a microwave further increases the risk of contamination. Meanwhile, composite cardboard tube are chemically unreactive and it does not react with food this is the major factor which is making it a safe packaging alternative for the products. They also keep the food candy, fresh. Snacks, and coffee are some other food items appropriate.
The composite cardboard tube is the modern trend in packaging industry, it is the highly sustainable packaging solution and better than Other packaging options, specifically the plastic packaging which can lead to unnecessary junk that pollute over environment, the materials of the composite cardboard tube are decomposable and would not cause any harmful waste to the environment, those materials of paper can be easily recycled and will save lots of energy. This benefit can help the products build more eco-friendly brand image and attract more and more people with environmental protection due to all these factors increase the demand for composite cardboard tube which are anticipated to drive the market growth.
Opportunities
Due to strict regulations for the use of plastic products, increase the demand for composite cardboard tube across various industries, including food and beverages, coffee, baby food, milk powder, cosmetics and personal care and many other industries. The growing demand of composite cardboard tube in the place of plastic in numerous industries will create the beneficial opportunities for the growth of the composite cardboard tube market.
Furthermore, rising urbanization and increasing level of disposable income will expected to drive the value of the market. The market is also fueled by the rapidly changing lifestyle of peoples and the growth of the retail sector. Growing awareness regarding the use of environmental and biodegradable packaging products and increasing demand for packaged food products are anticipated to boost the opportunities for the market's growth rate.
Restraints/ Challenges
Composite cardboard tubes are mostly in demand due to their eco-friendly and recyclable properties. However, the related cost of the product is a major challenge which is obstructing the product's growth. The high cost of the product further hinders the entry of new manufacturers in the market, focusing on manufacturing of composite cardboard tube.
However, the availability of other lighter and smaller packages and presence of many other substitutes will act as market restraints and will further challenge the growth of the composite cardboard tube market during forecast period.
This composite cardboard tube market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the composite cardboard tube market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The outbreak of COVID-19 pandemic was unprecedented and had produced a challenging condition for numerous industries. Demand for composite cardboard tube was affected due to decline in the business of end user industries such as food and beverages, coffee, baby food, milk powder, cosmetics and personal care and many other packaging industries during pandemic. Moreover, the slowdown of paper and pulp industry had also affected the production of composite cardboard tube due to the delays from suppliers of the raw materials. However, the market has rebounded back in the post-Covid era which is expected to hold the hopes for composite cardboard tube Market.
Recent Development
The composite cardboard tube market is segmented on the basis of material, lid type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
Lid Type
End User
The composite cardboard tube market is analysed and market size insights and trends are provided by country, material, lid type and end-user as referenced above.
The countries covered in the composite cardboard tube market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the composite cardboard tube market in terms of market share during the forecast period. This is due to the increasing demand for composite cardboard tube in this region. Asia-Pacific dominates the composite cardboard tube market due to the growing awareness among the consumer about the maintenance of healthy lifestyle and consumption of health oriented drinks in this region.
During the estimated period, North America is anticipated to be the fastest developing region due to the growing disposable income of the consumers along with increasing consumption of premium packaged food products in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The composite cardboard tube market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to composite cardboard tube market.
Some of the major players operating in the composite cardboard tube market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Composite Cardboard Tube Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Composite Cardboard Tube Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.