Global Paper Core Market – Industry Trends and Forecast to 2029

Global Paper Core Market, By Thickness (Less than 8MM, 8-16MM, 16-20MM, 20MM, Above), Usage (Specialized Converting, Slitting and Die-Cutting Applications, Rolling Materials, Slitting the Rolled Product), Application (Beverages Packaging, Paper Industry, Textiles, Adhesive Tapes, Metal Industry, Foil Industry, Construction, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Paper core market is likely to grow due to growing demand of the paper cores by several industry such as adhesive tapes, textile, paper mills, wire etc. in the forecast period. Paper cores are mainly used for the packaging of material as well as winding of products for distribution and storage and distribution. The paper cores are made by different materials which depend on the purposes such as less durable cardboard or paper is used for the manufacturing paper cores for winding of films, toilet paper, or paper towels, whereas heavy duty thick cardboard used for textile or fabric, electrical, industry.

Data Bridge Market Research analyses that the paper core market was valued at USD 3.23 billion in 2021 and is expected to reach USD 4.75 billion by 2029, registering a CAGR of 4.95 % 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

Market Definition

Paper cores are long tubes used for many purposes ranging from cable reels to paper towel rolls and many other things in between them. They are also called paper tubes, fibre board cores and spiral-wound paper cores,. Paper cores are widely used for spinning, shipping, storing industry and are used for closures of wooden, plastic, and metal.

Paper Core Market Dynamics

Drivers

• Demand for eco-friendly solutions

The paper core packaging is the modern trend in packaging industry, it is the most sustainable packaging solution and better options than Other packaging solution, especially the plastic packaging which can lead to much more unnecessary junk that pollute the ocean and land, the materials of the paper Core are biodegradable and won’t cause any harmful waste to the natural environment, those materials of paper can be simply recycled and will save lots of energy and sources. This benefit can help the products build an eco-friendly brand image, attract more and more customers with the environmental protection heart due to these factors increase the demand of paper core which are expected to drive the market growth.

• High demand in packaging industry

Packaging is probably the largest application segment for the paper core market. Mailing or shipping paper cores are widely used to package large documents with folding such as original paintings, maps, posters, artwork prints, blueprints, engineering drawings, and architectural plans. Rising demand of paper core in packaging industry helps to enhance the revenue growth.

• Growing demand in food industry

Plastic is unsafe for packaging food because the inner lining present in plastic packaging can react with the contents and contaminate it. Heating food packed in plastic in a microwave further upsurges the risk of contamination. Meanwhile, paper cores are chemically unreactive and do not react with food this factor is making it a safe packaging alternative for edible items. They also keep the food candy, fresh. Snacks, and coffee are some food items appropriate for paper core packaging.

Opportunities

• Stringent rules and regulations associated with the use of plastic bags

Due to strict rules and regulations for the use of plastic products, the demand of Paper core is increased across various industries, including food, construction and many other industries. The growing demand of paper core in the place of plastic in several industries will create beneficial opportunities for the growth of the market.

Furthermore, growing urbanization and disposable income levels will drive market value growth. The market is fueled by the rapidly changing lifestyle of customers and the growth of the retail sector. Rising awareness regarding eco-friendly and biodegradable packaging products and increasing demand for packaged and processed food products are anticipated to boost the market's growth rate.

Restraints/ Challenges

• Availability of alternatives

However, the availability of lighter and smaller packages and presence of many other alternatives will act as market restraints and further challenge the growth of the paper core market in the above mentioned forecast period.

• Environmental concern

Emission of gases during the production of paper-based packaging has adversely impacted on the environment. Also, Upsurge in paper consumption in manufacturing paper core manufacturing leads to endangerment of natural habitats. So, the environmental concern are the major market challenge which will obstruct the market's growth rate.

This paper core 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 paper core market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Paper Core Market

The outbreak of COVID-19 pandemic was unprecedented and had created a challenging condition for many industries. Demand for paper core was affected due to decline in the business of end user industries such as beverage, electronic and textile packaging during pandemic. Moreover, slowdown of paper and pulp industry had also affected the Paper Core’ production due to the delays from the raw materials’ suppliers. However, the market has rebounded in the post-covid era, which is anticipated to hold the hopes for the paper core market.

Recent Development

• In April 2020, Smurfit Kappa Group partnered with KHS to introduce the TopClip multipack solution to bundle canned beverages.
• In August 2020, Sonoco Products Company completed their Can Packaging acquisition for close to US$ 50 Mn with the objective of developing innovative technology to create recyclable and high-performance all-paper package.

Global Paper Core Market Scope

The paper core market is segmented on the basis of thickness, usage and application. 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.

Thickness

• Less than 8MM
• 8-16MM
• 16-20MM
• 20MM
• Above

Usage

• Specialized Converting
• Slitting and Die-Cutting Applications
• Rolling Materials
• Slitting the Rolled Product

Application

• Beverages Packaging
• Paper Industry
• Textiles
• Adhesive Tapes
• Metal Industry
• Foil Industry
• Construction
• Others

Paper Core Market Regional Analysis/Insights

The paper core market is analysed and market size insights and trends are provided by country, thickness, usage and application as referenced above.

The countries covered in the paper core market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the paper core market in terms of market share during the forecast period. This is due to the increasing demand for Paper core in this region. The Asia-Pacific region leads the Paper core market due to the growing industrial expansion, urbanization, technological advancements, and high consumption of food and beverage products in this region.

During the estimated period, North America is anticipated to be the fastest developing region due to the high market value ascribed to the sustainability of paper-based packaging 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.   

Competitive Landscape and Paper core Market Share Analysis

The paper core 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 paper core market.

Some of the major players operating in the paper core market are:

• Smurfit Kappa (Ireland)
• Hansen Packaging (Canada)
• CALLENOR Co. (U.S.)
• 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.)