Global Composite Cardboard Tube Market – Industry Trends and Forecast to 2029

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Market Analysis and Size

Composite cardboard tubes are one of the packaging styles that provide protection and preservation and also grow the image and appeal of a product. It comprises a recycled paper tube body with a plastic or tin base and a lid. They are commonly used for promotional and premium product packaging. They are very adaptable since they use less material than other standard cardboard boxes with equal dimensions. These tubes are hard to crush, strong, and can hold their shape. Moreover, these packaging products are used to preserve and protect variety of products. They're made to protect the contents of the package from damage and contamination.

Data Bridge Market Research analyses that the composite cardboard tube market was valued at USD 2.96  billion in 2021 and is expected to reach USD 4.67 billion by 2029, registering a CAGR of 5.86 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

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Market Definition

The composite cardboard tubes, also known as paper tubes, are cylindrical products and fabricated from varieties of cardboard such as kraft paper, fiberboard, paperboard and paper-adhesive composites. Composite cardboard tubes are used for various functions in different industries. Composite cardboard tube are manufactured from paper. These tubes are manufactured in such a way as to provide structural support overall the cross section and the length of the tube.

Composite Cardboard Tube Market Dynamics

• Growing demand in food industry

Plastic is an unsafe material for packaging food due to the inner lining present in plastic packaging that can react with the product and contaminate it. Heating food packed product in plastic in a microwave further increases the risk of contamination. Meanwhile, composite cardboard tube are chemically unreactive and it does not react with food this is the major factor which is making it a safe packaging alternative for the products. They also keep the food candy, fresh. Snacks, and coffee are some other food items appropriate.

• Rising demand for eco-friendly solutions

The composite cardboard tube is the modern trend in packaging industry, it is the highly sustainable packaging solution and better than Other packaging options, specifically the plastic packaging which can lead to unnecessary junk that pollute over environment, the materials of the composite cardboard tube are decomposable and would not cause any harmful waste to the environment, those materials of paper can be easily recycled and will save lots of energy. This benefit can help the products build more eco-friendly brand image and attract more and more people with environmental protection due to all these factors increase the demand for composite cardboard tube which are anticipated to drive the market growth.

Opportunities

• Stringent rules and regulations associated with the use of plastic product

Due to strict regulations for the use of plastic products, increase the demand for composite cardboard tube across various industries, including food and beverages, coffee, baby food, milk powder, cosmetics and personal care and many other industries. The growing demand of composite cardboard tube in the place of plastic in numerous industries will create the beneficial opportunities for the growth of the composite cardboard tube market.

Furthermore, rising urbanization and increasing level of disposable income will expected to drive the value of the market. The market is also fueled by the rapidly changing lifestyle of peoples and the growth of the retail sector. Growing awareness regarding the use of environmental and biodegradable packaging products and increasing demand for packaged food products are anticipated to boost the opportunities for the market's growth rate.

Restraints/ Challenges

• High cost of product

Composite cardboard tubes are mostly in demand due to their eco-friendly and recyclable properties. However, the related cost of the product is a major challenge which is obstructing the product's growth. The high cost of the product further hinders the entry of new manufacturers in the market, focusing on manufacturing of composite cardboard tube.

•  Availability of alternatives

However, the availability of other lighter and smaller packages and presence of many other substitutes will act as market restraints and will further challenge the growth of the composite cardboard tube market during forecast period.

This composite cardboard tube market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the composite cardboard tube market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Composite Cardboard Tube Market

The outbreak of COVID-19 pandemic was unprecedented and had produced a challenging condition for numerous industries. Demand for composite cardboard tube was affected due to decline in the business of end user industries such as food and beverages, coffee, baby food, milk powder, cosmetics and personal care and many other packaging industries during pandemic. Moreover, the slowdown of paper and pulp industry had also affected the production of composite cardboard tube due to the delays from suppliers of the raw materials. However, the market has rebounded back in the post-Covid era which is expected to hold the hopes for composite cardboard tube Market.

Recent Development

• Kite Packaging, a U.K. based supplier of novel packaging solutions, will launch its latest cardboard tubing in September 2021, which is suitable for thin shaped objects requiring adjustable packaging. This new product is available in the form of rolls, allowing businesses to cut them to the required lengths. It is also made of recycled materials and can be reused, making it a greener alternative to plastic tubing.   
• In October 2020, Rigid Containers which is a packaging company has announced that it has recently rebranded as its European parent group named as VPK Packaging. This new division operates U.K. France and Ireland, and the Nordic countries. The company goals to invest the huge sums in the U.K. market to gain a larger consumer base.

Global Cardboard Tube Market Scope

The composite cardboard tube market is segmented on the basis of material, lid type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Paperboard
• Corrugated Board
• Kraft Paper
• Others

Lid Type

• Ring Lid Foil Assembly
• Ring Pull Style
• Slip Lid
• Peel-Off Membrane

End User

• Food and Beverages
• Coffee
• Baby Food
• Milk Powder
• Cosmetics and Personal Care
• Postal and Mailing Industry
• Others

Composite Cardboard Tube Market Regional Analysis/Insights

The composite cardboard tube market is analysed and market size insights and trends are provided by country, material, lid type and end-user as referenced above.

The countries covered in the composite cardboard tube market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the composite cardboard tube market in terms of market share during the forecast period. This is due to the increasing demand for composite cardboard tube in this region. Asia-Pacific dominates the composite cardboard tube market due to the growing awareness among the consumer about the maintenance of healthy lifestyle and consumption of health oriented drinks in this region.

During the estimated period, North America is anticipated to be the fastest developing region due to the growing disposable income of the consumers along with increasing consumption of premium packaged food products in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Composite Cardboard Tube Market Share Analysis

The composite cardboard tube market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to composite cardboard tube market.

Some of the major players operating in the composite cardboard tube market are:

• Smurfit Kappa (Ireland)
• Hansen Packaging (Canada)
• CALLENOR Co. (U.S.)
• Eerste Nederlandse Rondkartonnagefabriek B.V. (Netherland)
• Ace Paper Tube (U.S.)
• ALBERT EGER GmbH & Co. KG (Germany)
• ImPakt packaging (India)
• Valk Industries, Inc. (U.S.)
• Romiley Board Mill (U.K.)
• kunert gruppe (Germany)
• YAZOO MILLS Inc. (U.S.)
• Chicago Mailing Tube (U.S.)
• DAE - DO PAPER TUBE VIETNAM CO., LTD, (Vietnam)
• Sonoco Products Company (U.S.)
• Eco Canister (India)
• Thanh Cong Paper Tube Co., Ltd, (Vietnam)
• Advanced Paper Tube, Inc., (U.S.)

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