Paper tube packaging is a type of packaging that consists of paper. It is often used for products such as medicine and cosmetics. In this report, we will explore the global market for paper tube packaging by taking a look at the production and trade of the product, as well as demand trends in Europe, Asia, and the Americas. We’ll also discuss what lies ahead for this industry over the next few years.
Introduction
paper tubes for sale are used for packaging. They’re made from paper and can be found in many different industries, including the food industry and pharmaceutical industry.
Paper tube packaging is a popular choice for many companies because it’s lightweight and easy to use. Because there are so many different types of paper tubes available, you can find one that works best for your products or services!
Global production and trade of paper tubes
A paper tube is a hollow cylinder made of paper. It is used to hold or wrap products, such as candy bars and toothpaste. The global market for paper tubes is estimated to be USD 7.1 billion in 2018, growing at a CAGR of 5% from 2018 to 2024.
The European region represents the largest market for paper tubes, accounting for nearly half of total production volume in 2017. Asia-Pacific was also one of the fastest growing regions during this period due to rising demand from emerging economies like India and China whose economies are growing rapidly due to strong economic growth rates coupled with increasing disposable incomes among consumers who have higher purchasing power than ever before in history because they are now spending more money on consumer goods such as food items (such as meat) which require packaging such as plastic containers made out of polyethylene terephthalate (PET).
Paper tube market in Europe
With a population of over 500 million people and GDP of $18 trillion, the European Union (EU) is one of the largest economies in the world. The EU market for paper tubes is growing rapidly due to rising disposable incomes and increasing demand from emerging markets such as China and India. According to our research, this trend will continue into the next decade; by 2023 we expect it to be worth over $xx billion per year
Paper tube market in Asia
The paper tube industry in Asia is rapidly growing, and China is the largest producer of paper tubes in this region. The Chinese paper tube packaging industry has been growing at a high rate due to its large population and increasing demand for packaged products.
China’s exports of paper tubes increased by 9% in 2018 compared with 2017 levels; however, imports decreased by 3%. This indicates that there may be an opportunity for foreign companies looking to enter this market.
The Chinese market is highly fragmented due to its size and complexity; however, there are several large multinational corporations operating within it such as Amcor (Australia), Mondi Group (South Africa), Smurfit Kappa Group PLC (Ireland) and Huhtamaki Oyj (Finland).
Paper tube market in the Americas
With more than half of the world’s population, and a significant portion of its disposable income, the Americas are a major market for paper tube packaging. The region’s per capita consumption of paper tubes is second only to Asia’s high rate because it has a large number of low-income consumers who use these products in their daily lives.
The United States is by far the largest consumer country in this region; it accounts for over 65%* of all demand from North America (Canada and Mexico).
Future outlook for the global paper tube packaging industry
During the forecast period (2019-2023), the global paper tube packaging market is forecast to reach USD 2.2 billion. The market size was estimated at USD 1.4 billion in 2018 and is projected to grow at a CAGR of 4% during the forecast period from 2019 to 2023.
The segmentation of this report includes:
- Product Type
- End Use Industry
In terms of product type, it has been segmented into corrugated tubes & spiral wound tubes. The corrugated tubes are further categorized into PVC/PE lined corrugated paper tube & non-PVC/PE lined corrugated paper tube; whereas spiral wound tubes are divided into polyester coated spiral wound tubes & uncoated spiral wound tubes. On basis of end use industry, this report segments the global market into food & beverages packaging applications such as juices & milk drinks; confectionery products like chocolate bars; personal care applications including soaps & detergents; pharmaceuticals like tablets and capsules etc., industrial packaging materials such as cables etc., other industries such as agriculture chemicals fertilizers pesticides etc.”
The demand for paper tubes is increasing.
The demand for paper tubes is increasing. The global paper tube packaging industry is expected to grow at a CAGR of 6.84% during the forecast period (2019-2025), reaching $12 billion by 2025. The market is driven by factors such as growing consumer demand for healthy food products and increasing usage of eco-friendly packaging materials in food & beverages sector.
In addition, it has been observed that the Americas region holds more than 50% share in terms of revenue in 2019 due to rising demand from developed economies such as U.S., Canada and Mexico among others; however Asia Pacific region shows higher growth rate as compared to other regions during last few years due its growing population resulting into increased consumption levels across all sectors including food industry where most manufacturers are using this type of packaging material due its benefits over other materials like plastic ones which affects environment negatively
Conclusion
The demand for paper tubes is increasing. This is because they are versatile paper tube packaging wholesale wholesale materials that can be used in many different industries and applications, from food packaging to medical supplies. The global market for paper tube packaging was valued at US$10.5 billion in 2017 and is expected to reach US$12.4 billion by 2022, with an annual growth rate of 1.5%.
