Paper Core Market Trends

Growth Drivers

• Versatile Applications of Paper Core in Different Industries to Boost the Market Growth
  The demand for paper core is influenced by the reusability, recyclability, and flexibility feature of the paper. It is environment-friendly and increases the convenience of consumers without any concerns regarding waste dumping. Further, with the increase in the number of hypermarkets, supermarkets and retail stores in recent years, there has been an increase in the application of paper core as a crucial material for product storage, packaging and delivery. Additionally, the market growth is attributed to the increased demand for paper core in various industries such as food & beverages, logistics, cosmetics & personal care, building & construction, clothing, freight forwarding, and pharmaceuticals owing to their ability in providing protection from damage to goods and products and for offering easy handling features, along with the reduction in packaging expenses. Also, they are necessary for keeping materials in good condition, preventing knotting, crinkling and tearing. Such factors are anticipated to significantly expand the paper core market in the coming years.

• Declining Plastic Use and Government Regulations to Drive the Market Growth
  The stringent government policies and limitations imposed on increasing plastic waste and difficulty in its dumping have increased the requirement of paper core and related paper-based products which helps to curb the burden on the ecosystem. Moreover, several countries have imposed a ban on single-use plastics, while some have banned the worldwide import of plastic raw material. Furthermore, owing to harmful effects of plastic on the environment and the increasing awareness for the environmental pollution, consumers are shifting towards environment and eco-friendly durables and packaging solutions, which is anticipated to propel the market growth. On the back of such factors, the market is predicted to grow rapidly over the forecast period.

Challenges

• Limited Use and Deforestation to Hamper the Market Growth.
  As there is a limited usage of paper core in packaging of very heavy materials, industries are forced to use plastics and polymers as a substitute which may negatively affect the market growth. Further, deforestation and environmental concerns on account of acquiring raw material as well as release of toxins during paper production is estimated to hinder the growth of market in the future.