Global Paper Tubes, Cores and Cones Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Paper Tubes, Cores and Cones Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Paper Tubes, Cores and Cones consist of layers of paper or cardboard intertwined to form strong, hollow paper products. According to the product type, it can be divided into Paper Tubes, Paper Cores, and Paper Cones. Products are widely used in Paper, Textile, Film and other fields.

Market Overview:

The latest research study on the global Paper Tubes, Cores and Cones market finds that the global Paper Tubes, Cores and Cones market reached a value of USD 7614.39 million in 2022. It’s expected that the market will achieve USD 10876.65 million by 2028, exhibiting a CAGR of 6.12% during the forecast period.

Market Trends

Automated production
At present, affected by a series of factors such as economic development and inflation, the overall global labor cost is on the rise. Rising labour costs are putting more pressure on some Paper Tubes, Cores and Cones. However, advances in automation technology have allowed the entire process from raw materials to final products to be automatically controlled. Therefore, by improving the level of intelligent manufacturing, labor demand can be greatly reduced and corporate profits can be increased. For example, with the development of automation technology, paper tube machinery technology continues. For example, automatic cutting operations can be performed. That is to say, the staff can realize the high-speed operation of the device only by controlling it through the computer, and no manual operation is required. This way of working is not only safer and more reliable, but also ensures the quality of the products and the safety of the operators. In general, with the continuous development of automation technology, the company's products are more efficient. Automated production will be one of the opportunities for industry development.

Drivers

Paper Tubes, Cores and Cones in Paper and Textile Industry
At present, the size of the global population continues to expand. According to the United Nations, the world's population is expected to increase by 2 billion, from 7.7 billion today to 9.7 billion in 2050. Paper is a necessity in people's lives. With the continuous expansion of the population, the market size of the paper industry continues to increase. In the paper industry, paper cores are used as the inner core of various webs and boards. Including toilet paper, newsprint, kraft paper, etc. Taking toilet paper rolls as an example, with the continuous expansion of the population, the improvement of people's spending power and the improvement of hygiene and health awareness, the consumption of roll paper has increased. Therefore, with the continuous expansion of the market size of the paper industry, the market demand for Paper Tubes, Cores and Cones will continue to increase. This will be one of the driving factors driving the development of the industry. In addition, with the increase in the size of the population and the improvement of people's spending power, the market size of apparel and textiles continues to increase. In the field of textiles, Textile Yarn carrier for POY winding, DTY winding, open-end spinning, fabric and jute winding, non-woven fabrics, carpet yarn winding. Therefore, with the continuous expansion of the textile market, the increasing demand for paper cores for wire carriers will be one of the important driving factors for the development of the industry.

Challenges

Intense market competition
Due to the relatively simple production process of Paper Tubes, Cores and Cones, the industry market concentration is not high, and there are many market participants. At present, the vast majority of companies in the market are SMEs, and in this increasingly competitive era, the competition among Paper Tubes, Cores and Cones companies is also intensifying. With the increasingly fierce competition in the industry, the industry market is prone to vicious competition. There may be phenomena such as shoddy products and substandard products pretending to be qualified products during the commercialization process. For downstream customers, the two factors of product price and product quality are mainly considered when purchasing products. Therefore, product quality issues due to fierce market competition may affect the development of the industry market. The negative impact of fierce market competition is one of the challenges facing the industry development.

Region Overview:

In 2021, the share of the Paper Tubes, Cores and Cones market in North America stood at 39.01%.

Company Overview

Sonoco
Founded in 1899, Sonoco is a leading manufacturer of consumer, industrial, healthcare and protective packaging. Sonoco serves many world-renowned brands. The company's integrated packaging solutions help define brand personality, create unique customer experiences and improve product quality and the quality of life of people around the world. The company specializes in areas such as protective packaging, sustainability, recycling, packaging services, paper, tubes and cores. Sonoco, a diversified global packaging leader, announced it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S (“Skjern”), a privately owned manufacturer of paper based in Skjern, Denmark. The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions. The estimated $88 million (675 million DKK) all-cash transaction has been unanimously approved by Sonoco’s Board of Directors and is expected to be completed in the fourth quarter of 2022, subject to customary closing conditions. Founded in 1965, Skjern is a leading producer of high-grade paperboard from 100% recycled paper for rigid paper containers, tubes and cores, and other applications. The company has robust sustainability programs in place for renewable energy and CO2 emission reduction and operations are powered by a biomass boiler, which reduces reliance on natural gas. In 2022, Skjern is expected to achieve annual sales of $50 million and the transaction is expected to be immediately accretive to both earnings per share and cash flow.

Greif

In 2019, Greif completed its acquisition of Caraustar for $1.8 billion. Caraustar consists of four business divisions; Industrial Products, Board Mills, CPG and Recycling. Caraustar is headquartered in Austell, Georgia. Caraustar Industrial Products Group is one of the largest manufacturers of tubes and cores for coil manufacturers and converters.

Sonoco is one of the major players operating in the Paper Tubes, Cores and Cones market, holding a share of 16.27% in 2022.

Segmentation Overview:

Paper Tubes
Paper tubes, commonly referred to as cardboard tubes, are cylinder-shaped cardboard tubes. Compared to Paper Cores, Paper Tubes have thinner wallpapers.
Paper Cores
Paper cores are strong cardboard tubes or cylinders which are used in fabric, adhesive, electrical, paper product and converting industries as a sturdy base around which to wind materials for storage or distribution.
Paper Cones
Paper Cones are used in textile spinning mills for yarn winding. The sewing thread which is filled in sewing machines is also wound on paper cones. Paper cones are daily consumable items in yarn spinning industry as a regular packing material. The shape of Paper Cones is tapered.

As for product types, the Paper Cores segment held the largest market share in 2021.

Application Overview:

Paper
In the field of Paper, the products are mainly inner cores for paper roll.
Textile
In the textile field, the products are mainly used as textile bobbins for synthetic filament, polyester, polypropylene, spandex, etc.
Flim
In the field of Flim, the products are mainly used as cores for various films and sheets.

The market's largest segment by application is the segment Paper, with a market share of 37.39% in 2021.

Key Companies in the global Paper Tubes, Cores and Cones market covered in Chapter 3:

Bansal Paper tube Industries
Tubepel
Tubocarton de Colombia SAS
Konfida
Sonoco
Yazoo Mills 
VPK
Ningbo ASIA Paper TUBE&CARTON Box Co., Ltd.
Tubominas Indústria
Greif
RVN Paper Boards Pvt. Ltd.
Ox Paper Tube & Core
Huisheng Group
Karton S.A.S
Callenor
SigmaQ
Valk Industries
Albert Eger

In Chapter 4 and Chapter 14.2, on the basis of types, the Paper Tubes, Cores and Cones market from 2018 to 2029 is primarily split into:

Paper Tubes
Paper Cores
Paper Cones

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Paper Tubes, Cores and Cones market from 2018 to 2029 covers:

Paper
Textile
Film
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)