Composite Cardboard Tube Packaging Market – Global Industry Analysis and Forecast (2023-2029)

Composite Cardboard Tube Packaging Market size was value at US$ 3.34 Bn in 2022 and is expected to reach US$ 5.06 Bn. by 2029 to exhibit a CAGR of 6.1% during a forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global smart necklace market dynamics, structure by identifying and analyzing the market segments and project the global market size.To know about the Research Methodology :- Request Free Sample Report

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

The objective of the report is to present a comprehensive assessment of the global composite cardboard tube packaging market and contains considerate insights, facts, historical data, industry-validated market data, and projections with the appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end-user, and region and, projects the global market size.

The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global composite cardboard tube packaging market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.

The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

The major driving factor to the growth of the global composite cardboard tube packaging market is the demand from manufacturers for remarkable and striking branding. Composite cardboard tube packaging also leads to increased sales of the product and is moderately stronger than other forms of packaging, thus reducing the chances of snapping during the product transit.

Factor restraining the growth of the composite cardboard tube packaging market is the reluctance from manufacturers to incorporate the composite cardboard tube for their product packaging owing to high costs. Digital printing on the composite cardboard tubes is of specific interest to the manufacturers for their product promotion and is a key trend prevailing in the composite cardboard tube packaging market globally.

The cosmetics & Personal Care sub-segment is dominating the market. The use of composite cardboard tubes in the cosmetics and personal care sector is growing at a high rate as compared to other end-use industries. The rate of adoption of composite cardboard tubes in this sector is expected to expand at a meteoric rate of over 8% in the years to follow.Additionally, as per the research carried out on the use of composite cardboard tubes in numerous industries, the sale of composite cardboard tubes in the cosmetics and personal care sector is poised to reach a significant valuation by the end of the year of the forecast period.

Region-wise, North America is presently leading the global composite cardboard tube packaging market as the North American population has a comparatively high standard of living and is willing to pay for efficient packaging types. The high disposable income of the consumers in North America and Europe is also one of the major factors driving the demand for composite cardboard tubes in the region. South America is expected to witness stagnant growth during the forecast period because of down turning economy.
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Composite Cardboard Tube Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.34 Bn.


Forecast Period 2023 to 2029 CAGR:
6.1%
Market Size in 2029:
US $ 5.06 Bn.


 Segments Covered:
by Material Type
• Paperboard
• Kraft paper
• Corrugated board


by End-User
• Food & Beverages
• Cosmetics & Personal Care
• Postal & Mailing Industry
• Others



Composite Cardboard Tube Packaging Market, by Region:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Key Players Operating in the Composite Cardboard Tube Packaging Market:
• Ace Paper Tube Corp
• Smurfit Kappa Group
• Valk Industries
• CBT Packaging Ltd
• Visican Ltd
• Marshall Paper Tube Co., Inc
• Chicago Mailing Tube Co.
• Paper Tubes & Sales
• Heartland Products Group
• Darpac P/L

Frequently Asked Questions:

1. Which region has the largest share in Global Composite Cardboard Tube Packaging Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Composite Cardboard Tube Packaging Market?
Ans: The Global Composite Cardboard Tube Packaging Market is growing at a CAGR of 6.1% during forecasting period 2023-2029.

3. What is scope of the Global Composite Cardboard Tube Packaging Market report?
Ans: Global Composite Cardboard Tube Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Composite Cardboard Tube Packaging Market?
Ans: The important key players in the Global Composite Cardboard Tube Packaging Market are – Ace Paper Tube Corp, Smurfit Kappa Group, Valk Industries, CBT Packaging Ltd, Visican Ltd, Marshall Paper Tube Co., Inc, Chicago Mailing Tube Co., Paper Tubes & Sales, Heartland Products Group, Darpac P/L.

5. What is the study period of this Market?
Ans: The Global Composite Cardboard Tube Packaging Market is studied from 2022 to 2029.