Research Nester released a report titled “Paper Core Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global paper core market in terms of market segmentation by material, diameter, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Paper core is a type of cylindrical cardboard tube made from wood pulp and are used as a sturdy base to wind materials for storage or distribution. Owing to the increasing consumer awareness for environment-friendly products and the growing demand for fast-moving consumer goods and retail durables coupled with the stringent government regulations for environmental protection across the world, the paper core market is anticipated to record a significant CAGR over the forecast period, i.e., 2021-2029. The market is segmented by material into kraft paper and paper board, out of which, the segment for kraft paper is anticipated to hold the largest share in the paper core market. This can be attributed to the favorable properties of kraft paper, such as temperature, water and chemical resistance, eco-friendly nature and low-cost availability.
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Based on the regional analysis, the paper core market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the highest share on account of wide-scale usage of paper core in end user industries such as food & beverages, construction healthcare, and consumer durables in this region, as well as for the presence of leading market players.
Multifunctional Properties and Applications of Paper Core, along with the Growing Use of Environment-Friendly Paper Goods to Boost the Market Growth
The high demand for paper core is attributed to its properties of reusability, recyclability, providing damage protection to goods, less packaging expenses combined with the ability of keeping materials in good condition. Moreover, retail stores are widely using paper core for product storage, shipping and packaging. Additionally, regulations for limiting plastic waste and ban on plastic import are being imposed by government of many countries. Furthermore, there is a significant rise in the demand for paper core owing to the harmful effects of plastic on the environment, as well as, consumers inclination towards environment and eco-friendly durables and packaging solutions, which is expected to significantly expand the growth of the global paper core market.
However, limited usage of paper core in heavy material industries coupled with the environmental concerns during paper production is estimated to hamper the market growth during the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global paper core market which includes company profiling of DS Smith (LON: SMDS), Sonoco Products Company (NYSE: SON), International Paper (NYSE: IP), Menasha Packaging Company LLC, Paramount Tube, Westrock Company (NYSE: WRK), Mondi Group (LON: MNDI), Ace Paper Tube, Chicago Mailing Tube Co. and Heartland Products Group, LLC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global paper core market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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