Tube and Core Market

Tube and Core Market Outlook from 2024 to 2034

The tube and core market size is likely to attain USD 3.7 billion in worth in 2024. Between 2024 and 2034, the sales of tubes and cores are predicted to advance at a 5.0% CAGR. Tube and core revenues are expected to surge to USD 5.9 billion by 2034.

Due to its exceptional strength, convenient size, and resistance to crushing, the tube and core market is projected to develop quickly. Tube and core demand has surged to an unprecedented level, with the textile industry's adoption of tubes and cores becoming the primary driver. To improve their market position, tube and core producers are implementing waste reduction strategies.

Attributes	Details
Estimated Tube and Core Market Value for 2024	USD 3.7 billion
Forecasted Market Value by 2034	USD 5.9 billion
Projected Market CAGR from 2024 to 2034	5.0%

Mapping the Landscape of Tube and Core Sector

• The aggregate demand from sectors like construction, textiles, packaging, and paper heavily influences the tube and core market.
• Manufacturers are compelled to create more eco-friendly tubes and core products due to shifting consumer expectations for sustainable, eco-friendly packaging solutions.
• Innovations in technology, materials, and manufacturing techniques are impacting the efficacy, affordability, and efficiency of producing tubes and cores.
• Fluctuations in raw material prices, including paper, plastic, and metal, impact the profitability and competitiveness of tubes and cores vendors.

Attributes	Details
Market Value for 2019	USD 2.9 billion
Market Value for 2023	USD 3.5 billion
Market CAGR from 2019 to 2023	3.1%

Barriers to Growth in Tube and Core Manufacturing

• Changes in customer preferences toward alternative packaging formats or materials, such as pouches or biodegradable alternatives, impact the demand for conventional tube and core products.
• Companies must invest in eco-friendly packaging options in response to growing awareness of environmental issues and regulations aimed at encouraging sustainability and minimize waste. This has an impact on traditional tube and core products.
• Fluctuations in the global economy, including inflation, interest rates, and currency exchange rates, impact the demand for tubes and cores in addition to consumer expenditures.

Category-wise Outlook

The segmented market analysis of tube and core is included in the following subsection. Based on comprehensive studies, the paperboard sector is leading the material type category, and the textile industry segment is commanding the end use category.

Consumer Shifts Propel Paperboard at the Forefront of Tube and Core Market

Leading Segment	Paperboard
Segment Share (2024)	60.2%

• The paperboard sector leads the market partly because of growing restrictions for plastic and consumer preferences for paperboard packaging.
• Paperboard can be recycled and is environmentally benign, which aligns with rising customer demand for tube and cores.
• Due to its adaptability, paperboard offers customized designs and printing possibilities, increasing brand awareness and market appeal.
• Paperboard dominates the market because it provides affordable tube and core packaging options.

Textile Industry's Role in the Tube and Core Market Evolution

Leading Segment	Textile Industry
Segment Share (2024)	25.7%

• The adoption of customized tube and core solutions has increased due to the emphasis placed on rapid delivery and preservation of textile items.
• The high demand for textile products fosters the demand for specialized tube and core packaging solutions.
• Tubes and cores are in high demand because the textile sector relies on effective, long-lasting packaging for materials and clothing.
• Innovations in textile production and distribution call for flexible packaging options that support tube and core providers.

Country-wise Analysis

The growth of the tube and core packaging market can be observed in the subsequent tables, which focus on the leading economies in Asia Pacific, Europe, and North America. A comprehensive evaluation demonstrates that Asia Pacific offers enormous opportunities for market players.

Market Analysis of Tube and Core Industry in Asia Pacific - Spotlight on China, Thailand, India, South Korea, and Japan

Countries	Forecasted CAGR (2024 to 2034)
China	6.8%
Thailand	6.2%
India	6.1%
South Korea	5.2%
Japan	4.0%

China Market Outlook

• The adoption of eco-friendly tube and core products in China is stimulated by government measures that support sustainable packaging solutions.
• China's tube and core market is expanding rapidly due to growing demand from industries including electronics, eCommerce, and textiles.

Thailand Market Outlook

• The demand for recyclable and biodegradable tubes and core products is growing in Thailand as people become more conscious of the significance of sustainable packaging solutions.
• Thailand's tube and core market is growing because of government initiatives aimed at attracting international capital to foster industrial development.

India Market Outlook

• The India tube and core packaging market is experiencing a surge in demand for innovative and bespoke tube and core solutions due to rapid urbanization and shifting consumer tastes.
• Market expansion for tubes and cores in India is prompted by logistics and infrastructure development investments, especially in Tier II and Tier III cities.

South Korea Market Outlook

• High-tech manufacturing techniques as well as an emphasis on accuracy and quality distinguish the tube and core solution market in South Korea.
• With an emphasis on high-value goods and services, South Korea is a key player in the Asia Pacific tube and core market, attributable to its export-oriented economy and advantageous location.

Japan Market Outlook

• In Japan, the demand for specialized tube and core goods is influenced by the aging population and shifting customer demands, especially in the pharmaceutical and healthcare industries.
• Japan is the go-to source for tube and core goods in Asia Pacific due to its stellar manufacturing record and commitment to high standards.

Growth Prospects in Europe Tube and Core Market - A Focus on the United Kingdom, France, Italy, Spain, and Germany

Countries	Forecasted CAGR (2024 to 2034)
United Kingdom	5.2%
France	4.5%
Italy	4.2%
Spain	3.5%
Germany	3.3%

United Kingdom Industry Outlook

• Due to the increasing focus on eco-friendly materials and sustainable packaging solutions, the United Kingdom tube and core solution market is exhibiting resilience.
• Growth in eCommerce stimulates demand for creative tube and core solutions as online retail channels reshape the preferences of consumers in the United Kingdom for packaging.

France Industry Outlook

• Tube and core designs and materials in France are influenced by the growing customer preference for high-end, aesthetically beautiful packaging.
• Government programs encouraging recycling and a decrease in plastic consumption are crucial in shaping the future of the France tube and core packaging market.

Italy Industry Outlook

• Sustainability is becoming increasingly crucial, with Italy’s tubes and cores producers emphasizing the use of recyclable and biodegradable materials for packaging.
• With an apparent rise in demand for packaging solutions suitable for traditional brick-and-mortar stores and eCommerce, the Italy tubes and core solutions market continues to adjust to changing retail dynamics.

Spain Industry Outlook

• The expansion of Spain's food and beverage industry requires specialist packaging solutions, boosting the growth of the tube and core packaging market.
• Cost-effective and lightweight solutions are prioritized in Spain's tube and core business, in line with consumer demands for affordability and efficiency.

Germany Industry Outlook

• Germany’s tube and core manufacturers invest in research and development to ensure compliance with evolving environmental and safety standards, encouraged by consumer awareness and packaging restrictions.
• Tube and core market trends in Germany are influenced by the country’s position in the automotive and industrial sectors, leading to an increasing demand for specialist packaging solutions.

Strategies Shaping the North America Tube and Core Industry - Country-wise Outlook for Canada and the United States

Countries	Forecasted CAGR (2024 to 2034)
Canada	5.1%
United States	3.5%

Canada Market Outlook

• Environmentally friendly methods are the catalyst behind product development in Canada's tube and core business which is heavily influenced by the forestry and paper industries.
• Due to the growth of online retail in Canada's eCommerce sector, there is a growing need for custom-designed tube and core packaging solutions.

United States Market Outlook

• The development of healthcare services in the United States propels the demand for specialized tube and core solutions in the pharmaceutical industry.
• In the United States tube and core packaging market, technological developments in production processes are increasing efficiency and cutting lead times.

Competitive Analysis

Numerous prominent tube and core producers are competing for market share. The manufacturers of tubes and cores, each adding unique strengths and capabilities to the competitive landscape, form the backbone of the sector.

Alamo Paper Tube Co. and Sonoco Products Company are notable for their broad industry presence, depth of experience, and extensive line of tube and core solutions. Meanwhile, LCH Paper Tube and Core Company and Albert Eger GmbH & Co. KG bring innovation and technological proficiency to the tube and core solution market. Valk Industries, Inc. and Rae Products are renowned for their dedication to quality and customer satisfaction.

Konfida offers a global perspective with its international reach and market insights, while OX Paper Tube & Core, Inc. and Paper Tube & Core, Inc. focus on customization and flexibility to meet various customer needs.

Leading tube and core vendors continuously invest in research and development to stay ahead of new trends and technologies and expand their reach to seize opportunities. Building strategic alliances and collaborating effectively are essential for boosting the market growth of tubes and cores.

The tube and core market comprises a wide range of manufacturers, each leveraging their advantages and skills to contribute to the development and expansion of the industry. Businesses must continue to be creative and adaptable as competition intensifies to stay ahead in this rapidly changing market environment.

Notable Advancements

Company	Details
Smurfit Kappa Group	In April 2020, Smurfit Kappa Group and KHS collaborated to introduce the TopClip multipack solution, which bundles canned beverages.
Sonoco Products Company	In August 2020, Sonoco Products Company completed the acquisition of Can Packaging for over USD 50 million to utilize cutting-edge technology in creating high-performing, recyclable paper packaging.
VPK Packaging Group	In February 2019, VPK Packaging Group purchased Corenso's European and Chinese scoreboard and tube operations, which included two core board mills and thirteen core conversion units. This acquisition expanded VPK's geographic reach to areas where they were not previously operational.
Ox Industries	Ox Industries acquired Arlington in August 2019. With this acquisition, Ox Industries can increase the capacity of its tubes and cores as well as its protective packaging, thereby broadening its offerings in the Dallas area.

Prominent Tube and Core Manufacturers

• 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.
• Konfida

Key Coverage in Tube and Core Market Report

• Adjacent Study on Tube and Core Market, Paper Core Market, and United States Paper Tube & Core Market
• Categorical Study on Paperboard Tube and Core, and Plastic Tube and Core
• Detailed Analysis of Tube and Core Packaging Market with Current Scenario and Growth Forecasts
• In-depth Examination of Available Market Opportunities for Tube and Core in Asia Pacific
• Market Potential of Tube and Core in Europe
• Competition Analysis of Tube and Core Industry with Focus on VPK Packaging Group, and Ox Industries

Key Segments

By Material Type:

• Plastic
• Paperboard

By Application:

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

By End Use:

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

By Region:

• North America
• Latin America
• Europe
• Asia Pacific

Frequently Asked Questions

What is the Current Tube and Core Market Valuation?

The market is estimated to secure a valuation USD 3.7 billion in 2024.

How Big Can the Tube and Core Market Be by 2034?

The market is forecasted to reach USD 5.9 billion by 2034.

What is the Growth Potential of the Tube and Core Market?

Through 2034, the tube and core industry is anticipated to expand at a 5.0% CAGR.

What Was the Historical Outlook of the Tube and Core Market?

From 2019 to 2023, the tube and core industry recorded a 3.1% CAGR.

Which Material Type Segment will Dominate in the Tube and Core Market?

The paperboard sector is set to dominate the market, achieving a market share of 60.20% in 2024.

Which End Use Segment will Lead the Tube and Core Market?

With a 25.70% market share in 2024, the textile industry sector is set to lead the market.