The global sales of paper tubes market are estimated to be worth USD 1.6 billion in 2021 and are anticipated to reach a value of USD 2.6 billion by 2031. Sales are projected to rise at a CAGR of 5.0% over the forecast period between 2021 and 2031. The revenue generated by paper tubes market in 2020 was USD 1.5 billion.
The growing demand for eco-friendly and sustainable packaging in the cosmetics, food, and consumer goods industries propels the paper tubes market. The growing awareness about the environment and related regulations to decrease plastic consumption have opened up the path to the introduction of alternatives using recyclable and biodegradable paper.
Design innovations in paper tubes make them more durable and capable of significant customization to suit a wide range of packaging needs. Added to this, the growth in e-commerce and requirements for non-invasive, light packaging drive demand upwards. Additional growth is inspired by a widening market in personal care and luxury products underpinning demand for value-added, sustainable packaging solutions such as paper tubes.
Global Paper Tubes Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.5 billion |
| Estimated Size, 2021 | USD 1.6 billion |
| Projected Size, 2031 | USD 2.6 billion |
| Value-based CAGR (2021 to 2031) | 5.0% |
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Leading manufacturers in the packaging industry are turning to innovative ways to reduce their carbon footprint by adopting eco-friendly processes. The implementation of rigorous regulatory reforms to curb the use of plastic in several nations is also a major driver of demand.
Additionally, end-user preferences for bio-degradable materials such as paper have accelerated the adoption of paper tubes in the packaging of foods, oral care products, cosmetics, educational certificates, retail products, and others.
Shifting trends within the Packaging and warehousing Industry will influence the market outlook of paper tubes. Service providers have begun to deploy advanced technologies and tools such as IoT (Internet of Things) and predictive analysis for smart inventory management.
Many of these suppliers are shifting to using paper tubes due to its convenience and flexibility, which will increase its demand in the packaging and warehousing sector.
Rising disposable income has led the cosmetics industry in emerging economies to grow at a rapid pace. Many cosmetics companies have stated their intention to switch to paper-based packaging.
Amorepacific, for instance, unveiled its latest technology in April 2021 to manufacture in-house paper tubes. L'Oreal has introduced paper tubes in their product packaging as well. The above trends will increase the market share of paper tubes in the Cosmetics segment.
Principal Consultant
The USA and Canada paper tube market is highly fragmented with a large number of players. Manufacturers of paper tubes in the USA are looking to include eco-friendly practices in their operations by recovering, reconfiguring, and returning to market the industrial paper tubes and cores.
For instance, Paper Tubes and Cores Corporation recovers used paper tubes and recycles them to create their products. The increasing awareness about planet conservation and sustainability will contribute to the rise in demand for paper tubes in the Packaging industry.
Paper tubes are extensively utilised in the Food and Beverages industries in the region. Europe also exports a substantial share of its paper tubes products. The UK, Germany, and France hold a substantial market share in the Europe paper tubes market.
The market for paper tubes is estimated to grow considerably during the forecasted period owing to the flourishing Food and Beverage sector. Further, as consumers become more environmentally conscious, the demand for paper tubes will expand.
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Some key manufacturers in the Paper Tubes market include
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Paper Tubes Market
