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Paper Cores Demand Catalyzes amid High Emphasis on Circular Economy: FMI Study

12-27-2021 07:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Paper Cores Demand Catalyzes amid High Emphasis on Circular

The global packaging industry has made remarkable progress in recent years, with numerous innovations and technological advances prioritized. Particular emphasis is placed on ensuring sustainability and the spread of the circular economy. Reliable benefits have been obtained in reducing the generation of municipal solid waste.

Future Market Insights is a recently published research report that incorporates historical analysis from 2015 to 2019 and future assessments from 2020 to 2030 to thoroughly and bias the global paper core market. Provides no analysis .

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The global paper core market is highly fragmented, with Tier-3 players accounting for 75% of the global market share. Profiled players include Advanced Paper Tube, Inc., YAZOO MILLS Inc., Smurfit Kappa Group, Sonoco Products Company, CPPC Public Co. Ltd. And so on.

"Manufacturers are increasingly expanding into emerging economies, as consumers' purchasing power has increased, e-commerce prospects have increased, and the need for robust packaging solutions has increased," said FMI analysts. I am.

In spite of recessionary waves induced by COVID-19, the global paper cores market demand has remained strong, expected to register over 4 billion unit sales throughout the next two to three years.

Preference for recycled paperboards is become highly prominent across key industrial verticals. As concerns over conventional packaging solutions, especially petroleum derived plastics, mount, manufacturers are increasingly embracing alternative solutions with the intention of reducing environmental footprints across key regions.

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Important point :
Recycle paperboard to create profitable opportunities to reach US $ 1.4 billion by the end of 2020
High uptake is expected across the paper and polyester segments, reaching approximately 21,100 million units sold by 2025
Paper cores with a diameter of 230 mm or more will remain linchpins until 2030
High demand for hygiene products due to the pandemic crisis has led to a surge in hygiene and tissue paper applications in the short term
The global paper core market could grow at a CAGR value of 4.9% by 2030
With up to 4 million doses expected by the end of December 2020, healthcare professionals expect strong antibody protection that people can reach without risk of infection. All these developments are welcome news for the global packaging industry.

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Already, the packaging industry is witnessing a resurgence, with consumers relying on virtual platforms to buy essential products, especially health care and hygiene products. Sustainable demand for ready-to-eat foods and beverages may also stimulate the need for core paper packaging solutions and enable the market to embark on a consistent growth trajectory.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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