Enjoy complimentary customisation on priority with our Enterprise License!
The tubes and cores market size is forecast to increase by USD 3.96 billion, at a CAGR of 7.8% between 2023 and 2028. The growth rate 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.
To learn more about this report, Request Free Sample in PDF
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 global sporting goods retailer market is notably driving the market. Sports goods comprise ball sports equipment, fitness equipment, golf equipment, footwear, and others. In addition, a growing number of sports events and sports clubs are the key influencing factors for the growth of the market. Furthermore, cricket, golf, badminton, and tennis are some of the key sports events that are frequently happening across the global nations.
Moreover, the growing number of tournaments, especially in badminton, hockey, and golf, is increasing the demand for sporting goods such as badminton shuttlecocks, golf balls, and hockey balls. In addition, these sporting goods are commonly stored in plastic and paper tubes. Therefore, a rise in the demand for these sporting goods is expected to influence the requirements for tubes, thus driving the global market during the forecast period.
Implantation of radio-frequency identification (RFID) tags in tubes and cores is an emerging trend in the market. Several paper-based tube and cores manufacturers are integrating RFID technologies to monitor, control, and track the physical condition of the tubes and cores throughout the supply chain. In addition, the RFID-enabled tubes and cores can be traced from the manufacturing unit to the end user's inventory.
Moreover, this RFID technology protects the tubes and cores from being stolen or misplaced and enhances the supply chain visibility. In addition, the RFID tags on the tubes and cores can relate to the shock sensor, which allows the manufacturers and end-users to know the real-time status of the tubes and cores. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.
Constantly changing packaging trends is a major challenge hindering the market. The packaging industry is dynamic and constantly changing. In addition, new packaging trends, including 3D printing or advanced materials, may present alternatives to traditional tubes and cores and can negatively affect the demand for tubes and cores. Furthermore, manufacturers need to stay ahead of emerging packaging trends and adapt their product offerings to meet changing market demands.
Moreover, the rise of digital packaging technologies and smart packaging may reduce the demand for traditional tubes and cores. In addition, digital packaging enables digital labeling and printing directly on packaging materials and can reduce or eliminate the need for separate components like tubes and cores in some applications. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market during the forecast period.
The paper industry segment is estimated to witness significant growth during the forecast period. In this segment, tubes and cores are used to wrap diverse types of paper materials, including tissues, tapes, label material, and others. In addition, these are generally used in packaging, transportation, and winding of paper and related products. Furthermore, the cylindrical structures provide strength, stability, and protection to rolled paper, making it easier to handle, store, and transport.
Get a glance at the market contribution of various segments View the PDF Sample
The paper industry segment was the largest segment and was valued at USD 2.68 billion in 2018. Moreover, toilet paper is the major contributing product in the North American tubes and cores market segment. In addition, the demand in the paper industry is influenced by factors such as paper production volumes, packaging needs, and technological advancements. Furthermore, the industry is focused on optimizing the design and materials used for ducts and cores to enhance strength, sustainability, and cost-efficiency within the North American tubes and cores market. Hence, such factors are fueling the growth of this segment, which in turn drives the market during the forecast period.
Based on the material, the market has been segmented into paper and plastic. The paper segment, including cylindrical structures made primarily from paper or cardboard materials, will account for the largest share. This segment comprises paper cores that serve as inner supports for packaging adhesive tapes and plastic films, maintaining their shape and integrity to prevent deformation, creasing, or damage. Paper cores also facilitate the dispensing and cutting of tapes and films across various industries. Furthermore, paper ducts are widely used as shipping and mailing tubes for rolled documents, posters, blueprints, and artwork. Additionally, innovations like paper pallets are increasingly fueling growth in this segment. These pallets, made from sturdy paper materials, offer sustainable alternatives to traditional wooden or plastic pallets, further driving market expansion during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
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. Several manufacturing companies that have manufacturing units in low-cost countries, including Mexico, India, and China, are planning to relocate manufacturing activities back to the US. Thus, end-user industries in the US are expected to become more fragmented than the market, which will increase the demand for ducts and cores. Moreover, the emergence of Mexico as a low-cost manufacturing hub due to the low labor cost and ease in availability of raw materials is further expected to strengthen the growth of the market. Furthermore, the end-user industry, such as the textile industry in North America, is growing owing to various factors, such as the adoption of automation in manufacturing and others. Hence, such factors are driving the market growth in North America during the forecast period.
Companies 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. It also offers standard tubes and cores, Precut and specialty tubes, and tube closures and protectors.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Albert Eger GmbH and Co. KG, Callenor Co., Cellmark AB, 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., and Western Container Corp.
Qualitative and quantitative market growth analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides a market research and growth analysis of the latest market trends and analysis and growth opportunities from 2018 to 2028.
The Market is an integral part of the flexible packaging industry, contributing to the US flexible packaging revenue. Governed by regulatory bodies and government policies, the market aligns with the European Union directive on lightweight plastic carrier bags. It emphasizes new and accessible packaging solutions, with a focus on alternative packaging systems like pouches, sachets, and packets.
Laminated tube packaging, featuring quality printing, finds applications in various segments, including the cosmetics industry, particularly in oral care applications to address dental caries and periodontal diseases. The tube packaging market is responsive to economic development and government initiatives promoting sustainable packaging solutions. As a crucial player in the packaging and cosmetics industries, tube packaging continues to evolve in line with global sustainability goals, emphasizing recyclability and reduced environmental impact. The adoption of innovative materials and manufacturing techniques further enhances the market's growth trajectory, catering to increasing consumer demand for convenient, hygienic, and eco-friendly packaging solutions.
|
Tubes and Cores Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
161 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.8% |
|
Market Growth 2024-2028 |
USD 3.96 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
7.38 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 37% |
|
Key countries |
US, Canada, China, Germany, and Russia |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Ace Paper Tube, Albert Eger GmbH and Co. KG, Callenor Co., Cellmark AB, 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., and Western Container Corp. |
|
Market dynamics |
Parent market analysis,Market forecasting, 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. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.