Paper core is a widely used packaging solution for wrapping applications. Paper cores are used for textiles and processing of paper & polyester on the production floor. These are fibre-based packaging solutions that are sturdy and protective, yet biodegradable. Thus, paper cores are gaining significant traction in textile, construction, and paper processing industries. The penetration of customized paper cores, particularly designed for construction & beverage packaging, is also witnessing substantial increase.
On the back of these factors, the paper core market is expected to witness significant growth during the forecast period, progressing at a healthy CAGR of around 5% from 2019 to 2029.
“Use of paper and paper-based packaging products reduces the impact on the environment, as well as reduces overall packaging costs. Correspondingly, textile manufacturers in Europe and Asia have extensively benefitted, reporting that over 70% of their packaging material was made from paper and paperboard material. This is anticipated to significantly push the demand for paper core in the years ahead.”
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Key Takeaways of Paper Core Market Study
- Rising demand for customized paper core in textile and paper & polyester industries has encouraged manufactures to focus on personalized paper core on a global level
- The kraft paper segment is estimated to be account for more than 50% of the global paper core market, owing to growing preference by manufacturers due to its unique features.
- The paper & polyester segment, under end-use industry, dominated the paper core market. The demand for paper core in the textile industry is expected to gain traction during the forecast period.
- The 23 mm- 76 mm segment, by diameter, is expected to dominate the paper core market.
- Asia is expected to dominate the global paper core market, with an estimated value share of 47% by the year 2029.
Key players operating in the global paper core market are incorporating 'smart' features in their conventional paper cores. For instance, Paul & Co. offers RFID tags that are integrated with information in the paper core. This enables the company to identify the reel at every point in the processing, storage, and transportation chain. It also helps the company track the paper core at any time of business operations. Moreover, these tags can be used and reused several times.
About the Paper Core Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global paper core market, analysing historical demand of 2014-2018 and forecast statistics for 2019-2029. The study unravels growth projections of the paper core market on the basis of material (kraft paper and paperboard), diameter (23 mm- 76 mm, 77 mm - 152 mm, 153 mm - 229 mm, and 230 mm & above), application (winding & re-winding, decoration & specialty paper, hygiene & tissue paper, and printing & coating), and end-use industry (paper & polyester, electronics, textiles, construction, and beverage packaging), across seven major regions.
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