NEWARK, Del, Nov. 16, 2022 (GLOBE NEWSWIRE) -- The global paper core market is worth US$ 3.4 Bn as of now and expected to reach US$ 4.9 Bn by the year 2030 at a CAGR of 4.9% between 2022 and 2030.
These days, the manufacturers opt for packaging solutions that are cost-effective, so as to ascertain that the products make it to the market safely. The paper core packaging materials are preferred as they are abreast with mechanical capacity of protecting items (wrapped inside) from any of the physical damages. Also, paper core is environmentally-friendly in comparison with plastic. Plus, paper core could be used in both – summer and winter seasons as they are capable of resisting extremities caused by cold or heat. Moreover, they are available in several sizes, shapes, and designs. In other words, they could be used to wrap items of diverse sizes and shapes.
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Additionally, one could use paper core in situations where items are ordered on the basis of specifications by addition of modified starch or sodium silicate. This does render an explicit crushing strength with lesser usage of adhesives.
The regulatory bodies across the globe are pressing for usage of bio-degradable packaging materials, which calls for using paper cubes, corrugated boxes, folding cartons, paper core, sacks, and likewise.
At the same time, the fact that paper-based packaging solutions do release toxic gases can’t be ignored. There are certain economies based out of North America and Europe facing legislative pressure through organizations like WWF to focus on reducing human impact on environment. It’s actually disturbing to learn that over 14 Mn trees get chopped every single year in North America to produce paper, and close to 100 sq. Km of the forests get destroyed every year. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Paper Core market’. It’s line of expertise includes its team of analysts and consultants, with bottom-up approach being employed.
Key Takeaways from Paper Core Market
- The Asia-Pacific is witnessing maximum turbulence on the account of paper core market. This could be attributed to the textile industry getting extensively benefited through the usage of paperboard and paper packaging, thereby stating that more than 70% of the packaging material is made out of paperboard and paper. Also, with end-consumers vying for ‘value for money’, the paper core market is expected to scale new heights in the near future, as far as this region is concerned. As of now, China is at the first position regarding exports of apparel.
- Europe stands second with more than 20% of the market share.
- North America is expected to go steady with paper core in the forecast period.
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Competitive Landscape
- Smurfit Kappa Group entered into partnership with KHS in April 2020 to launch TopClip multipack solution for bundling the canned beverages.
- Sonoco Products Company completed acquisition of Can packaging in August 2020. The deal was close to US$ 50 Mn. The purpose was to develop innovative (patented later) technology for doling out recyclable and high-performance all-paper package.
- Western Container Corporation is known for designing and manufacturing custom paper cores for addressing the customers’ specific needs.
“With an exorbitant demand for recyclable and healthy packaging, greater investments are expected to be witnessed by the Paper Core Market going forward”, says an analyst from Future Market Insights.
What does the Report say?
- The research study is based on material type (Kraft board, virgin, recycled, and paperboard), by diameter type (23 mm – 76 mm, 77 mm – 152 mm, 153 mm – 229 mm, and 230 mm & above), by application (paper & polyester, winding & rewinding, decoration & specialty paper, hygiene & tissue paper, and printing & coating), and by end-use (paper & polyester, electronic, textile, constructing, and beverage packaging).
- With paper core increasingly being used in thermal transfer ribbon cores, dental floss cores, and foils, the global paper core market is bound to grow inadvertently in the upcoming period.
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Key Segments Covered in Paper Core Industry Research
Paper Core Market by Material Type:
- Kraft Board
- Virgin
- Recycled
- Paperboard
Paper Core Market by Diameter Type:
- 23 mm-76 mm
- 77 mm-152 mm
- 153 mm-229 mm
- 230 mm & above
Paper Core Market by Application:
- Paper & Polyester
- Winding & Rewinding
- Decoration & Specialty Paper
- Hygiene & Tissue Paper
- Printing & Coating
Paper Core Market by End-use:
- Paper & Polyester
- Electronic
- Textile
- Constructing
- Beverage Packaging
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Taxonomy
3. Global Paper Cores Market Demand Analysis 2015–2021 and Forecast, 2022–2030
3.1. Historical Market Volume ( Mn Units) and Value (US$ Mn) Analysis, 2015–2021
3.2. Current and Future Market Volume (Mn Units) and Value (US$ Mn) Projections, 2022–2030
3.3. Y-o-Y Growth Trend Analysis
4. Global Paper Cores Market - Pricing Analysis
4.1. Regional Pricing Analysis
4.2. Pricing Break-up
4.3. Global Average Pricing Analysis Benchmark
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