The global paper cone market has been steadily growing over the past few decades. Paper cones find widespread applications in various industries such as food and beverage, chemicals, consumer durables, automotive, and construction. They are used for winding purposes as they provide effective protection and coil wrapping solution. Paper cones are versatile, economical, and eco-friendly packaging solutions for winding thin gauge materials like ribbons, tapes, wires, and threads. Increasing demand from end-use industries along with burgeoning e-commerce sector has been fueling the consumption of paper cones. Moreover, favorable government initiatives toward environment-friendly packaging are further propelling the paper cone market. However, availability of substitutes may hamper the growth of the market to some extent over the forecast period.
Market Dynamics:
The global paper cone market is primarily driven by growing food processing and Fast-moving consumer goods (FMCG) industries. Rapid urbanization coupled with changing lifestyle of people has tremendously boosted the demand for packaged and processed food products. Paper cones are extensively used for wrapping food items like candies, chips, and biscuits owing to their moisture resistance and printability. Moreover, thriving e-commerce sector worldwide has augmented the use of paper cones for safe packaging of various goods during shipments. Various favorable government policies promoting bio-degradable and recyclable packaging are creating new avenues for paper cone manufacturers. However, availability of alternative wrappings made from plastics and high raw material prices can hamper the market growth. Ongoing R&D towards developing improved paper cone designs with additional features will provide new opportunities in the coming years.
Key Features of the Study:
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