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The tubes and cores market size is estimated to grow at a CAGR of 7.81% between 2022 and 2027. The market size is forecast to increase by USD 3,550.62 million. The growth of the market depends on several factors such as the growing demand for transparent barrier film, the increased demand for sustainable packaging, and the growing global sporting goods retailer market.
This tubes and cores market report extensively covers market segmentation by end-user (paper industry, textile industry, and others), material (paper and plastic), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for transparent barrier film is a riving growth in the tubes and cores market. As food manufacturers prefer to use packaging material that can extend the shelf life of their products, transparent barrier films have a large role to play in packing. Moreover, consumer food preferences are changing because of the growing awareness of healthy lifestyles. Demand for high-barrier packaging film, which can prolong food products' shelf life, is increasing due to these changes.
However, the US is expected to be the major growth contributor because of the rising demand for the packaging of snacks, confectionaries, and other products. The use of high barrier properties films is preferred by manufacturers of biscuits in their packaging, as these offer greater resistance to moisture and vapor. The growth in demand for transparent barrier film is expected to increase the requirements of cores as it is used to wrap the transparent barrier film, which, in turn, drives the growth of the market in focus during the forecast period.
The technological advancements are a primary trend in the tubes and cores market. The tube and core markets are changing as a result of technological progress. Automation, robotics, and digitalization are improving manufacturing processes, enhancing efficiency, and reducing production costs. Technological progress also allows the development of innovative tube and core designs, e.g. telescopic Core, Multi-Layered Core, or Composite Core material. Hence, increasing market consolidation will boost market growth during the forecast period.
Moreover, other characteristics are provided by new materials, in order to meet the increased demand for sustainable packaging, manufacturers are also experimenting with ecotoxic materials like Bio-Based Polymers. In addition, the manufacture of tubes and cores is also increasingly incorporating collaborative robots into their production processes. The inclusion of such manufacturing processes, which use the latest technology by vendors in the global tubes and cores market, has led to enhanced efficiency, reduced costs, improved quality, sustained growth, and increased demand for such products. Therefore, such technological advancements will drive the growth of the market in focus during the forecast period.
The high price of kraft papers is a major challenge in the tubes and cores market. In the production of tubes and cores, kraft paper is a key ingredient. Wood pulp is the material used to make these kraft papers. Since 2015, the price of wood pulp has been at its highest level. The growing demand for paper-based packaging products such as corrugated boxes, especially from the e-commerce sector, is increasing the price of wood pulp and kraft paper.
The profit margins for tube and core manufacturers in certain ranges are being hit by the high cost of kraft paper, although the price burden can be transferred to the end users. The full transfer of raw material price burden for tubes and cores manufacturers to the end user could have a negative effect on product demand, which can be reduced with users considering alternatives such as plastic tubes and cores. The tubes and core manufacturers can avoid this risk by investing in proper hedging instruments in the commodity derivative market. These factors hinder the growth of the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Tubes and Cores Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ace Paper Tube: The company offers tubes and cores such as converting, mailing, and parent cores.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The paper industry segment is estimated to witness significant growth during the forecast period. In the paper industry, tubes and cores are used to wrap diverse types of paper materials such as tissues, tapes, label material, and others. Packaging, transportation, and winding of newspaper and associated products are usually carried out using tubes and cores. The cylindrical structures provide strength, stability, and protection to rolled paper, making them easier to handle, store, and transport.
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The paper industry segment was the largest segment and was valued at USD 2,457.61 million in 2017. The main contributing product in this segment is toilet paper. The demand for tubes and cores in the paper industry is influenced by factors such as paper production volumes, packaging needs, and technological advancements. In order to increase strength, sustainability, and cost-effectiveness, the industry focuses on optimizing tube and core designs and materials. Tubes and cores are used as cores for labeling and tape products. Increasing demand for tissue paper will be a prominent factor driving the growth of the market in focus during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In 2021, the unchanged corporate tax rate in the US compared to 2020 had a positive impact on the various end-user manufacturing industries, including textile and plastic film in the region. The relocation of manufacturing activity to the United States has been proposed by a number of industrial undertakings, which have production sites in relatively cheap countries like Mexico, India, and China. Therefore, end-user industries in the US are expected to become more fragmented than the tubes and cores market, which will increase the demand for tubes and cores.
In 2020, the COVID-19 pandemic wreaked havoc across most North American countries such as the US, and Mexico, which resulted in the temporary closure of various industries, including those manufacturing tubes and cores. However, the US government offered stimulus packages for the revival of the economy. The number of COVID-19 cases has fallen due to the lifting of restrictions imposed by the Pandemic Influencing disease throughout the region, thus enabling regional markets to recover their momentum. Further, the demand for tubes and cores has been further stimulated by a return to production in end-user industries like paper and textiles. Increasing e-commerce activities, the growing demand for sustainable packaging solutions, and increasing consumer awareness regarding product safety are expected to fuel the growth of the regional tubes and cores market during the forecast period.
The tubes and cores market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Tubes And Cores Market Scope |
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Report Coverage |
Details |
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Page number |
157 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.81% |
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Market growth 2023-2027 |
USD 3,550.62 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.19 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 37% |
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Key countries |
US, Canada, China, Germany, and Russia |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ace Paper Tube, Albert Eger GmbH and Co. KG, Callenor Co., Chicago Mailing Tube Co., Cores and Tubes Ltd., Greif Inc., Heartland Products Group LLC, Konfida Ambalaj Tekstil San. Tic. AS, LCH Paper Tube and Core Co., Northrich, OX Industries Inc., PTS Manufacturing Co., Rae Products and Chemicals corp, Sonoco Products Co., Transpaco Ltd., Valk Industries Inc., VPK Group, Wes Pac Inc., Western Container Corp., and Cellmark AB |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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