Global Composite Cardboard Tubes Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|複合紙板管的全球市場(2021年∼2028年) Global Composite Cardboard Tubes Market - 2021-2028|
|出版日期: 2021年07月30日||內容資訊: 英文 180 Pages||
Global Composite Cardboard Tubes Market Overview
The global composite cardboard tubes market size was worth US$ XX billion in 2020 and is estimated to record significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
In recent years, the packaging business has seen significant transformations. Aside from product preservation and protection, increased attention is placed on product branding, communication, and various other tasks that focus on product visibility. One of the packaging styles that provide preservation and protection while also increasing the appeal and image of a product is composite cardboard tubes. It comprises a recycled paper tube body with a plastic or tin base and a lid. They are usually used for premium and promotional item packaging. They are extremely adaptable since they utilize less material than standard cardboard boxes with equal dimensions. These tubes are strong, hard to crush, and can hold their shape. Furthermore, these packaging products are used to protect and preserve a variety of items. They're made to provide products a more appealing sales appeal while also protecting the contents of the package from contamination and damage.
Composite Cardboard Tubes Dynamics
Increasing awareness regarding eco-friendly packaging solutions among individuals is the major factor expected to drive the growth of the global composite cardboard tubes market. Improving demand for composite cardboard tubes from personal care and cosmetic products manufacturing industries is another factor expected to accelerate the growth of the global composite cardboard tubes market in the forecast period
Increasing awareness regarding eco-friendly packaging solutions among individuals is a major factor expected to drive the growth of the global composite cardboard tubes market
Packaging has both beneficial and negative environmental consequences. Negative implications include resource use and packaging-related wastes and emissions. The positive impact is that packaging consumer goods facilitate their distribution, allowing for purchasing things that might otherwise be unavailable. Environmentally aware packaging makes it possible to meet human needs cost-effectively. Therefore various developing countries are investing in adopting eco-friendly packaging approaches to overcome the related environmental problems. Composite cardboard tubes are one of the most accepted types of packaging. The tubes look pleasing to the eyes and are a type of protective packaging for promotional, gifts, and luxury items.
Furthermore, the tube's body is constructed of recycled paper, with a tin or plastic base and a lid. Composite cardboard tubes are a very adaptable type of packaging. This adaptability is related to its essential attribute: a composite cardboard tube uses less material than cardboard boxes of equal volume.
Improving demand for composite cardboard tubes from personal care and cosmetic products manufacturing industries is another factor expected to accelerate the growth of the global composite cardboard tubes market in the forecast period
Composite cardboard tubes have shown promise in the food and beverage industry. Their use in the cosmetics and personal care business, on the other hand, is increasing at a faster rate. Several cosmetic and personal care items, such as creams, ointments, and oils, necessitate effective packaging and temperature protection. Composite cardboard tubes have better resistance to heat and moderate resistance to pressure, accelerating their acceptance in this business. Furthermore, Manufacturers are focusing on increasing their exposure through branding and product marketing, such as graphical printing, product descriptions, and so on, which is another factor projected to boost the target market's growth. Another significant factor projected to fuel market expansion is the growing use of composite cardboard tubes for luxury and sustainable packaging.
The high cost of the product is hampering the market of composite cardboard tubes in the recent period
Composite cardboard tubes are predominantly in demand due to their recyclable and eco-friendly feature. However, the related cost of the product is a major challenge hurdling the product's growth. The high cost of the product further limits the entry of new manufacturers in the market, focusing on composite cardboard tubes. Furthermore, other packaging substitutes are another factor restraining the demand for the product, thereby hampering the global composite cardboard tubes market share in recent times.
COVID-19 Impact Analysis
COVID-19 had a negative effect on the market in 2020. The pandemic has affected various industries before the 2019-2020 period. The prime reason being the demand reduction shut down of manufacturing units and supply chain disruption. A similar trend has been seen in the composite cardboard tubes market, leading to severely hampering the product's market. However, the market is expected to accelerate in the coming years, leading to improve the market share of the product in the forecast period.
Composite Cardboard Tubes Market Segment Analysis
The global composite cardboard tubes market is segmented on material, lid type, end-user, and region.
Corrugated boards are low-cost packaging options that do not necessitate the use of expensive manufacturing techniques and equipment.
The global composite cardboard tubes market is segmented into paperboard, corrugated board, kraft paper, and others in terms of material. Since the recent past, corrugated boards have gained a lot of popularity in the packaging market. They are low-cost packaging options that do not necessitate the use of expensive manufacturing techniques and equipment. Furthermore, they are simple to recycle. The demand for corrugated boards is growing rapidly, and this trend is projected to continue in the coming years. The cushioning they provide to the goods ensures safety throughout transit, handling, and shipment, which is the fundamental reason for their increasing demand and popularity. Corrugated boards come in a variety of thicknesses and sizes, depending on the product type and specifications. Lightweight, ease and comfort, sustainability, and improved printing capabilities are a few more factors driving growing demand for corrugated boards.
Composite Cardboard Tubes Market Geographical Analysis
Many businesses in the pharmaceutical, cosmetics, and food and beverage industries are targeting North America, positively impacting the region's entire packaging business
Latin America, North America, the Middle East and Africa, Europe, and the Asia Pacific make up the worldwide composite cardboard tube packaging market. Among these, the North American region dominates the world market, owing to its residents' relatively high living standards and willingness to spend on modern packaging kinds. Many businesses in the pharmaceutical, cosmetics, and food and beverage industries are targeting this region, positively impacting the region's entire packaging business. Latin America is likely to project sluggish growth in the coming years because of slow economic growth. Furthermore, Latin America is one of the most cost-effective manufacturing sources for North America. Furthermore, countries in the Asia Pacific, such as China and India, are expected to experience rapid growth due to the expansion of the retail industry and the increase of the urban middle class. In addition, sales of composite cardboard tubes are likely to increase in countries like China and India, where there is a growing demand for efficient yet appealing packaging.
Composite Cardboard Tubes Market Competitive Landscape
The composite cardboard tubes market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Chicago Mailing Tube, PTS Manufacturing Co., Heartland Products Group, Darpac P/L, Ace Paper Tube, Smurfit Kappa, Valk Industries, Inc, CBT Packaging, Humber Print & Packaging Ltd, Cactus Containers, Sonoco Products Company and others.
The major players adopt several growth strategies such as product launches, acquisitions and collaborations, contributing to the composite cardboard tubes market's growth globally. The key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
Sonoco Products Company
Overview: Sonoco, a global manufacturer of consumer packaging, industrial products, protective packaging, displays, and packaging supply chain services, was founded in 1899. With annualized net sales of $5 billion, the Company employs 21,000 people at nearly 300 locations across 33 countries, supplying some of the world's most well-known brands in 85 countries.
The global composite cardboard tubes market report would provide access to an approx: 61 market data table, 53 figures and 254 pages.
Target Audience 2022
LIST NOT EXHAUSTIVE