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“Adoption of composite cardboard tubes for packaging high-end and high-end products is increasing at a higher rate as they offer both safety features and attractiveness. ”
Manufacturers across industries are focusing on developing new products and enhancing their products to gain leadership in the global marketplace. Different types of products are being shipped to major revenue pockets around the world. Manufacturers are also focusing on increasing visibility through branding and product promotion. This has prompted the use of attractive packaging solutions.
Adoption of composite cardboard tubes for packaging high-end and high-end products is increasing at a higher rate as they offer both safety features and attractiveness. These packaging solutions are popular because of the convenience they provide along with cost effectiveness.
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According to Future Market Insights, the demand for composite cardboard tubes is expected to grow at a steady rate during the evaluation period (2022-2026). By the end of the assessment year, sales of composite cardboard tubes are expected to reach a value of over US$2 billion.
The major players involved in the manufacture of composite cardboard tubes are focused on improving the functionality of their products by incorporating greater strength, greater flexibility and sustainability. Companies such as Marshall Paper Tube Co., Inc., Chicago Mailing Tube Co., Paper Tubes & Sales, Heartland Products Group, Darpac P/L and Cactus Corrugated Containers Inc. focus on product differentiation and improve product pipelines to accommodate are doing It caters to the growing demand for composite cardboard tubes worldwide.
The use of composite cardboard tubes in cosmetics and personal care is growing at a high rate compared to other end-use industries. The adoption rate of composite cardboard tubes in this sector is expected to expand at an alarming rate of over 8% over the next few years.
Additionally, a study conducted on the use of composite cardboard tubes in various industries shows that sales of composite cardboard tubes in the cosmetic and personal care sector are expected to reach a significant valuation by the end of the forecast year. Additionally, the use of composite cardboard tubes in food and beverage has increased over the past few years. Composite cardboard tube sales in this segment are expected to reach a value of over US$890 million by the end of 2026.
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Numerous packaging companies based in the Asia Pacific Excluding Japan (APEJ) are targeting manufacturing hubs in regions such as India and China. These emerging economies present a favorable environment for several industries. The growth of the manufacturing sector in this sector has provided tremendous growth opportunities for packaging companies.
According to the research report, by the end of the evaluation period, the APEJ composite cardboard tube market is expected to reach a high market value of over USD 800 million. It is a very lucrative area for manufacturers involved in composite cardboard tubes.
Composite cardboard tube packaging is available in a variety of lid types. Some of these include ring lead foil assemblies, ring pull styles, slip leads and peel off membranes. Of these, packaging solutions with ring lead foil assemblies have seen higher sales over the past few years. In the next few years, it is estimated that this type of cover assembly will reach higher sales figures of over US$600 million.
Benefits such as zero spillage, higher durability, and increased protection against external factors such as heat/temperature, chemicals and high loads are expected to contribute to the popularity of ring lead foil assemblies.
Regarding the material type, corrugated board is of high interest in a variety of end-use industries. Along with flexibility, these boards offer several packaging benefits such as sustainability, convenience and robustness. Corrugated cardboard sales are growing worldwide and due to the high adoption rate of corrugated cardboard compared to cardboard, it will reach a market value of over USD 1 billion by the end of the assessment year (2026).
For More Interesting Insights on the Global Composite Corrugated Tubes Market, Email [email protected]
FMI’s Packaging Division provides in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help
The post Sales of Composite Cardboard Tubes Market are expected to reach a value of over US$2 billion appeared first on Future Market Insights.
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