Global Kraft Tubes Market - 2021-2028
発行: DataM Intelligence
ページ情報: 英文 180 Pages
The global kraft tubes market size was worth USD XX billion in 2020 and is estimated to reach USD XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Kraft tubes are hollow and cylindrical tube products made out of kraft paper. Kraft paper is a type of cardboard composed of wood pulp and sulfate additives. Compared to other types of paper, kraft paper is thinner, stronger, and durable and can withstand more pressure.
Kraft tubes are used in mailing, shipping and packaging to safely transport any rolled material that cannot be folded or packed into a cardboard box, such as posters, unframed artwork, blueprints, calendars, promotional materials, banners, large documents.
As per Smithers's report, between 2018 and 2028, the global packaging market is set to increase around 3% per annum, reaching over $1.2 trillion. Most of this growth has come from less developed markets, as more consumers move to urban locations and subsequently adopting westernized lifestyles. This has boosted a demand for packaged goods, which worldwide has been accelerated by the e-commerce industry. Henceforth, the growth of the packaging industry is expected to increase the market of kraft tubes globally.
The global push for sustainability is anticipated to boost the kraft tubes market
In recent years there has been a global shift towards more environmentally sustainable ways of working. The world's biggest companies are also increasingly disclosing their greenhouse gas emissions and other energy metrics. Regarding the global push for sustainability, paper-based packaging solutions such as kraft tubes have witnessed a significant boost in the past few years.
The trend is expected to continue further and contribute to the growth of the paperboard mailing tube market in the forecast period. Hence, the tubes are being increasingly used for shipping industry-specific products such as medical specimens or devices, chemicals, and other fragile products.
Available substitutes of kraft tubes such as paperboard mailing tube envelopes are hindering the market
The threat of substitutes for kraft tubes such as paperboard mailing tubes and envelopes is moderate. They are also used for sending cover letters, documents and bills but for large posters, maps and blueprints and other fragile products mailing tubes.
Moreover, Plastic tubes are also getting important because of the easy availability of the resource among the consumers. Therefore, the intensity of competition in the global mailing tube market is on the higher side.
Despite these hindrances, digital printing on the paperboard tubes is of particular interest to the manufacturers for their product promotion and is a significant trend prevailing in the global craft tubes packaging market.
Covid-19 Impact Analysis
Every industry has been affected due to coronavirus pandemic in one and another way. But the packaging sectors worldwide have more significant benefits than other sectors affected by the pandemic.
As many countries are under shut down due to this deadly virus, stock up on necessary supplies such as medicines, sanitizers, face masks, disinfectants and many more has been in high demand. All these products require packing, and their production has been higher than ever before. Consumers around the world prefer packed products rather than initially available and sold lose products. Hence, the demand for the packaging industry has increased due to the pandemic.
Based on product type, the kraft tube market is segmented into crimped end tubes, telescope mailing tubes, flexible shipping tubes and others.
Crimped end mailing tubes are multipurpose and mostly used for the mailing, transportation, storage of posters, art, blueprints, and other fragile mailing applications. Increasing demand due to its sturdiness properties, lightweight and easiness in usage, the prevalence of product for maximum protection, and long-time storage of documents, increasing application in different industries.
Moreover, manufacturers are using advanced technologies to improve the robustness and strength of kraft tubes. The market is competitive, and many new players are entering this market due to cost-effective manufacturing and growing demand for crimped end tubes. The easy loading and unloading of crimped end tubes increase their reusability, and hence, it is expected that the market will increase significantly during the forecast period.
North America is anticipated to dominate the global market over the forecast period of 2021-2028
North America is to dominate the global market of kraft tubes. The region has most of the top players operating in the worldwide paperboard mailing tubes market, such as Ace Paper Tube Corporation, Chicago Mailing Tube Co. and others. The kraft tube market in developed countries such as the US and Canada positively impacts the forecast. This can be attributed to the high demand for mailing containers and eCommerce surge.
Furthermore, developing countries of Asia Pacific are anticipated to witness high demand for mailing tubes as they double-up as branding tools, help cut marketing costs and product innovation and launches. For instance, in August 2020, Uflex, an Indian packaging major, launched paper-based tubes named Kraftika under its FlexiTubes brand. The Kraftika tubes utilize virgin kraft paper with a low cobb value and high burst value, which provides low-moisture content and high integrity. With this, the company claimed a plastic reduction of almost 50% to 70% based on the product's application and tube diameters.
The kraft tubes market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Ace Paper Tube, Valk Industries, Inc., Western Container Corporation, Chicago Mailing Tube, PTS Manufacturing Co., Yazoo Mills Inc., Ridgid Paper Tube Corporation, Pacific Paper Tube, International Plastics Inc., Wes-Pac Inc. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the Kraft Tubes market globally.
Ace Paper Tube Corporation
Overview: Ace paper tube corporation is a packaging and containers company headquartered in Ohio, US. The company provides strong, durable, precision-crafted tubes and cores.
Product Portfolio: The company manufactures products in tubes and core such as paper tubes, paper cores, shipping tubes, mailing tubes, composite cans and containers, specialty paper tubing, custom paper tubes and cores, tube closures and protectors.
The global kraft tubes market report would provide access to an approx: 61 market data tables, 52 figures and 232 pages.
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