Paper tubes and cores thrive in packaging industry, driven by industries like food, cosmetics, and e-commerce.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, October 17, 2023 /EINPresswire.com/ -- The United States paper tube and core market is set to witness 4.7% CAGR over the forecast period 2023 to 2033, predicts Future Market Insights (FMI). The market is likely to skyrocket from US$ 809.3 million in 2023 to US$ 1,227.6 million by 2033.

The market stood at US$ 785.0 million in 2022. It is poised to register Y-o-Y increase of 3.1% in 2023. The textile industry by end use division held a share of about 26.5% in 2022 within the United States market.

The growing popularity of fiber-based packaging in several end-use sectors has increased the demand for paper cores. The use of recycled waste as a raw material is increasing, and the paper tube market is expanding. Companies focus on developing countries, especially due to the increasing trade volume in emerging countries such as Asia Pacific.

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In East Asia, there is a high consumption of paper cores for packaging and decoration made of paper and polyester. This is due to their properties such as being lightweight, indestructibility, good barrier properties against oxidation and temperature, and recyclability.

Tubes and cores protect goods and products from damage, provide easy handling features, and reduce packaging costs across diverse sectors such as food and beverage, logistics, cosmetics and personal care, construction, apparel, and trucking.

United States paper tube makers are focusing on developing countries, especially emerging markets in Asia-Pacific, due to increased trade volumes. Both customers and end-users in these regions focus on cost performance, forcing textile manufacturers in the region.

Consumers are choosing paper cores, especially those made from recyclable materials. The growing popularity of fiber-based packaging in various end-use sectors has increased the demand for the paper core market.

Manufacturers in the paper core market strive to meet a wide range of these requirements by varying the dimensions, construction, and material properties of their products.

The development of Smurfit Kappa's AquaStop™ paper, a sustainable and water-resistant paper, is a significant innovation in the paper core market.

The paper is coated with a special coating that makes it water-resistant while still being recyclable. This new paper opens up new possibilities for the paper core market. It can be used in various industries such as food and beverage, cosmetics, and pharmaceuticals.

The paper core market benefits from the growing demand for sustainable packaging materials like AquaStop™ paper, replacing plastic cores with eco-friendly, cost-effective options with custom printing capabilities. It plays a vital role across industries due to its recyclability and lightweight properties.

Key Takeaways of United States Paper Tube & Core Market

The paper & core market in the United Sates is set to witness 4.7% CAGR through the forecast.

In 2023, the United States market is poised to reach a top of US$ 809.3 million.

Paperboard material type division is expected to hold around 58.3% shares by 2033 in the United states market.

In the diameter segment, 230 mm & above diameter division is likely to witness 4.0% CAGR during the forecast period.

In terms of sub region, Northeast region is estimated to hold 28.7% market share in the year 2023.

“Surging demand for stainable packaging solution is likely to fuel the paper tubes and cores in the United States. Manufacturers are working on providing customizable solution to cater specific needs across emerging economies in the Asia Pacific. Cardboard tubes are especially likely to remain highly popular.” Opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

Completive Landscape

Key manufacturers might offer a wide range of paper tube sand core products in various size, shapes, and specifications. They might provide customizations options to meet specific requirements of their customers. Such as printing, branding, and logos on tubes.

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Key Manufacturing Companies

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.

Recent developments:

In May 2022, Sonoco indicated that it is going to increase the price of all paperboard tubes & cores by at least 6%, beginning with deliveries throughout the United States.

In September 2022, the Smurfit Kappa Group acquired a packaging plant, PaperBox, located in Rio de Janeiro, for further expansion in Brazil.

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.)

Author by

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

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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.

Ankush Nikam
Future Market Insights, Inc.
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