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Tubes And Cores Market

Market Insights on Tubes And Cores covering sales outlook, demand forecast & up-to-date key trends

Tubes And Cores Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2022 - 2032

Tubes And Cores Market Outlook

The global tubes and cores market is projected to have a moderate-paced CAGR of 7.75% during the forecast period. The current valuation of the market is US$ 3.31 billion in 2022. The market value of the tubes and cores market is anticipated to reach a high of US$ 6.98 billion by 2032. A historical CAGR of 5.79% has been recorded as per the statistics in the base year by expert analysts at Future Market Insights.

Report Attribute

Details

Tubes and Cores Market Value (2022)

US$ 3.31 Billion

Tubes and Cores Market Anticipated Value (2032)

US$ 6.98 Billion

Tubes and Cores Projected Growth Rate (2022-2032)

7.75%

The tubes and cores market is witnessed to gain rapid traction during the forecast period owing to its high strength, the convenience of size, and resistance to crushing. The expert analysts anticipate at FMI that the extensive use of tubes and cores in the textile industry is the key driving factor leading to an unprecedented surge in demand for the product.

The tubes and cores market manufacturers are undertaking waste reduction techniques to strengthen their foothold in the global market further.

The tubes and cores market is highly competitive, with diverse local and international players competing to grab the top position. The manufacturers in the tubes and cores market are using cutting-edge technologies to create robust and durable materials that are in tandem with the requirements of the end-users.

At the same time, it has also been identified by the expert analysis at FMI that the key players in the tubes and cores market are focusing on the pricing mechanism of the tubes and cores market. They are trying to make the product affordable to capture a large consumer base worldwide.

It is also anticipated while analyzing the market that the manufacturers in the tubes and cores market are leveraging the regulatory relaxations issued by governments of various countries regarding producing eco-friendly products. As tubes and cores are fully made of eco-friendly materials, they derive great benefits and concessions from the government.

The market players are also indulging in organic growth strategies, mergers, and acquisitions and continually collaborating with the other prominent players to expand the forum size further. Therefore, the tubes and cores market is likely to have significant growth during the foreseeable period.

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Tubes And Cores Market Overview

The global market for tubes and cores is characterized by manufacturers supplying tubes and cores made of materials ranging from paperboard to plastic. Tubes and cores provide inbuilt strength to products that need roll form arrangement.

Tubes and cores are used for winding and rewinding of industrial and consumer product such as papers, tapes, tissue papers, aluminum foil, films, yarns etc. Tubes and cores are light weight and are supplied in convenient sizes, with inbuilt resistance to crush.

Lightweight and crush resistant property of tubes and cores attract manufactures to pack a variety of products in tubes and cores.

Tubes and Cores Market: Market Dynamics

Extensive use of tubes and core in textile industry is a key driving factor for the global tubes and cores market.  Growing demand and application of yarns in manufacturing of textiles has resulted into growing demand for tubes and core used for wrapping and organizing yarns.

Tubes and cores provide natural strength to packed products due to which the demand for tubes and cores is expected to witness growth in building and construction market segment. Extensive use of tissue paper for the sanitary purpose and aluminum foils for packing foods, is fueling factor for tubes and cores market.

Tubes and cores are also used for packaging tapes, as they provide easy wrapping and unwrapping.  It is difficult to check the compressive strength of the tubes and cores used for packaging products. Multinational packaging company Sonoco Product Company introduced radial crush tester that can measure the radial pressure, applied on tubes and cores during the winding process.

One of the restraining factor affecting the growth for tubes and cores market, is their sensitivity towards humidity. When tubes and cores are introduced in the humid region, they lose their internal strength. Tubes and cores need areas that are dry, while other packaging product are not affected by the humidity of the climate.

With the rising awareness and government norms, manufactures are showing their interest towards ecofriendly packaging solutions.  Tubes and cores which are 100% recyclable and produced from waste materials, provides sustainable packaging solution. The global market for tubes and cores is expected to generate substantial opportunity over the forecast period.

Ismail Sutaria
Principal Consultant
LinkedIn
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Tubes and Core Market: Regional Overview

Global tubes and cores market are segmented into seven regions including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. Asia Pacific region has high consumption rate of tubes and cores.

In North America, manufactures are focusing towards innovating solution, for tubes and cores, so there are upcoming developments seen in forecast period from this region. In Europe region, UK manufacturers are preferring tubes and cores as packaging solution due to its safe, sustainable feature.

With the less competition from regional manufactures in MEA, global manufactures have great opportunity to establish their market.

Tubes and Core Market: Competitive Landscape

Some of the key players of tubes and cores market are Alamo Paper Tube Co., Valk Industries, Inc., Sonoco Products Company, Rae Products, LCH Paper Tube and Core Company, Albert Eger GmbH & Co. KG, OX Paper Tube & Core, Inc., Paper Tube & Core, Inc., and Konfida.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Tubes and Core Market: Market Segmentation

The global market for tubes and coresis segmented on the basis of material type, application type and by end use.

On the basis of material type tubes and cores market is segmented as:

  • Plastic
  • Paper

On the basis of application type tubes and cores market is segmented as:

  • Label Rollstocks
  • Films and tapes
  • Sanitary Products
  • Others

On the basis of end use tubes and cores market is segmented as:

  • Textile industry
  • Building & Construction industry
  • Consumer use and personal care
  • Others

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Ismail Sutaria
Principal Consultant
LinkedIn
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Tubes And Cores Market