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

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

Paper tubes, also known as cardboard tubes, are cylinder-shaped components that are made with cardboard. There are many uses for paper tubes across numerous industries, and they are usually fabricated from cardboard ribbons that surround a mandrel in the predetermined measurements. Paper tubes can be used for a wide range of functions. Paper tubes are used by different factories for different purposes. Paper tubes are usually custom-made so that they can hold different content. Moreover, cardboard tubes vary in thickness levels and structural strength. This means that the thickness and structural strength of every cardboard tube are not the same.

Market Overview:

The latest research study on the global Paper Tubes market finds that the global Paper Tubes market reached a value of USD 1818.39 million in 2022. It’s expected that the market will achieve USD 2544.92 million by 2028, exhibiting a CAGR of 5.76% during the forecast period.

Paper Tubes Market Challenges

With major manufacturers and suppliers in the paper tubes industry competing at globally, the intensity of competition within the paper tubes industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a paper tubes business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established paper tubes manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry.

The development of paper tubes industry is not balanced. Some regions have formed a complete industrial chain with a large market share, while some regions do not have mature and perfect operating chains or complete operating ecological chains, which is not conducive to the development of the industry. Some countries have backward economy and low level of science and technology, the standard of living is not high, either, making it difficult for the paper tubes industry to develop.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Sonoco is one of the major players operating in the Paper Tubes market, holding a share of 17.44% in 2020.

Sonoco announced it’s acquiring Clear Lam Packaging, an Illinois-based developer and manufacturer of flexible and forming plastic packaging films for approximately $170 million in cash. The transaction, subject to usual regulatory review, is expected to close in the third quarter of 2017.

Jack Sanders, Sonoco president and CEO, said in a press release buying Clear Lam will further build on the Hartsvillebased packaging company’s strategy of expanding its global Flexible Packaging and Thermoforming Plastics operations to serve the fast-growing grocery perimeter business. Sanders added “we will be able to develop, produce and convert high barrier flexible and forming film structures to package fresh and prepared food products” that consumers buy in the perimeter sections of a food store like fruit and vegetables.

Sonoco, one of the most sustainable, diversified global packaging companies, today announced it has signed a definitive agreement to acquire Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ), a global manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies, Inc. or approximately $187 million in cash.

TEQ, headquartered in Huntley, Ill., produced sales of $88 million in the fiscal year ended September 30, 2018, and operates three thermoforming and extrusion facilities in the United States along with a thermoforming operation in the United Kingdom, and thermoforming and molded-fiber manufacturing in Poland. Each facility has state-of-the-art

Segmentation Overview:

Among different product types, Spiral Paper Tube segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Textile Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Paper Tubes market covered in Chapter 3:

Rae Products
Moba Eurotubi
Paper Tubes & Sales
Jonesville Paper Tube
Caraustar Industries (Greif)
Sonoco
PacificPaper Tube, Inc.
D & W Paper Tube
Chicago Mailing Tube
Tubitex
Corenso (Corex)
Callenor
CrescentPaper Tube Company
Ox Paper Tube & Core
Valk Industries
Albert Eger
Yazoo Mills

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

Spiral Paper Tube
Seamless Paper Tube

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

Textile Industry
Metal Goods
Papermaking Industry
Printing Industry
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)