The base paper market is estimated at US$4.9 billion per year

NEWARK, Del, Nov. 16, 2022 (GLOBE NEWSWIRE) — The world main paper market is worth US$3.4 billion to date and is projected to reach US$4.9 billion by 2030 at a CAGR of 4.9% between 2022 and 2030.

Today, manufacturers are opting for cost-effective packaging solutions to ensure that products reach the market safely. Paper-based packaging materials are preferred because they have the mechanical ability to protect the items (wrapped inside) from physical damage. Also, the paper core is environmentally friendly compared to plastic. In addition, the paper core can be used in both summer and winter, as it is able to withstand extremes caused by cold or heat. Moreover, they are available in multiple sizes, shapes and designs. In other words, they could be used to wrap items of various sizes and shapes.

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Additionally, a paper core could be used in situations where articles are ordered based on specifications with the addition of modified starch or sodium silicate. This makes self-explanatory crush resistance with less use of adhesives.

Regulators around the world are pushing for the use of Biodegradable packaging materials, which requires the use of paper cubes, corrugated boxes, folding cartons, paper cores, bags, etc.

At the same time, the fact that paper-based packaging solutions release toxic gases cannot be ignored. Some economies based in North America and Europe are under legislative pressure through organizations like the WWF to focus on reducing human impact on the environment. It is in fact disturbing to learn that more than 14 million trees are felled each year in North America to produce paper, and that almost 100 km2 of forests are destroyed each year. Future Market Insights reviewed these facts with future insights in its latest market study titled “Paper Core market”. Its line of expertise includes its team of analysts and consultants, with a bottom-up approach used.

Key takeaways from the base paper market

  • Asia-Pacific is experiencing maximum turbulence on account of the core paper market. This could be attributed to the fact that the textile industry has benefited greatly from the use of cardboard and paper packaging, indicating that more than 70% of packaging materials are made from cardboard and paper. In addition, with end consumers competing for ‘value for money’, the core paper market is expected to reach new heights in the near future, as far as this region is concerned. At present, China ranks first in clothing exports.
  • Europe is in second place with more than 20% market share.
  • North America is expected to remain stable with the paper core during the forecast period.

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Competitive landscape

  • Smurfit Kappa Group partnered with KHS in April 2020 to launch the TopClip multipack solution for bundling drinks in cans.
  • Sonoco Products Company completed the acquisition of Can packaging in August 2020. The deal was worth nearly US$50 million. The objective was to develop an innovative technology (later patented) to distribute recyclable and efficient all-paper packaging.
  • Western Container Corporation is known for designing and manufacturing custom paper cores to meet specific customer needs.

“With exorbitant demand for recyclable and healthy packaging, greater investment is expected to be seen in the paper market in the future,” says an analyst from Future Market Insights.

What does the report say?

  • The research study is based on the type of material (kraft, virgin, recycled and paperboard), by type of diameter (23 mm – 76 mm, 77 mm – 152 mm, 153 mm – 229 mm and 230 mm and more ), by application (paper and polyester, winding and rewinding, decorative and specialty paper, toilet and tissue paper, and printing and coating) and by end use (paper and polyester, electronics, textiles, construction and beverage packaging).
  • As paper core is increasingly used in thermal transfer ribbon cores, dental floss cores, and foils, the global paper core market is set to grow inadvertently in the coming period.

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Key Segments Covered by Paper Core Industry Research

Core Paper Market by Material Type:

  • Kraft Consulting
  • Virgin
  • recycled
  • Cardboard

Paper Core Market by Diameter Type:

  • 23mm-76mm
  • 77mm-152mm
  • 153mm-229mm
  • 230mm and above

Core Paper Market by Application:

  • Paper & Polyester
  • Winding and rewinding
  • Decorative and specialty paper
  • Hygiene & Tissue Paper
  • Printing and coating

Core Paper Market by End Use:

  • Paper & Polyester
  • Electronic
  • Textile
  • To build
  • Beverage packaging

View full report @ https://www.futuremarketinsights.com/reports/paper-cores-market

Contents

1. Summary

1.1. Global Market Outlook

1.2. Market analysis

1.3. Analysis and recommendations

2. Market Overview

2.1. Market definition

2.2. Taxonomy

3. 2015-2021 Global Paper Rolls Market Demand Analysis and Forecast, 2022-2030

3.1. Historical Market Volume (Million Units) and Value (Million US$) Analysis, 2015-2021

3.2. Current & Future Projections of Market Volume (Million Units) and Value (Million US$), 2022-2030

3.3. Analysis of annual growth trends

4. Global Paper Cores Market – Price Analysis

4.1. Regional price analysis

4.2. Prize Breakdown

4.3. Comparative analysis of world average prices

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