Paper Cones Market Overview
The textile industry is witnessing potential growth across the globe, developing opportunities for various related markets such as textile machinery and packaging. Paper cones market is a market closely dependent on the demand of textile industry in the respective regions. For winding the threads of different materials, the different specification of paper cones is used. The most preferred way of storing the threads is keeping them winded over the cones. This greatly increases the ease in handling of textiles and also protects the threads from getting messed up. Due to increasing demand for textile products, the demand of paper cones is anticipated to constitute a large market size expanding at a considerable rate.
Paper Cones Market Dynamics
The preference of textile industry to store and transport the threads in winded form over the paper cones has several reasons such as taper provided in the cone. The paper cones can be axially hinged at a place in the cloth manufacturing machine. The machine intakes the thread at a very high speed and rotates the cone and during this process, the taper allows the easy and unhindered unwrapping of the thread. Other than this, the paper cones are completely biodegradable and require low manufacturing capital. When the cones are empty and to be stored, the paper cones are strong enough to be stacked one partially into another to form short piles for a higher number of cones and consume low space in storage due to taper. These features of the paper cones have driven the market. On the other hand, the paper cones are getting replaced in the textile industry by the plastic cones as the plastic cones can be used for much the longer time period than paper cones. Also, the usage of biodegradable and recyclable plastics is rising in various industries to minimize the application of paper products and protect the environment from deforestation. The various replacements available in the world has restrained the paper cones market.
Paper Cones Market Segmentation
The paper cones market can be segmented on the basis of the type of the cone as
- Tight bong paper cones
- Jumbo paper cones
- Yarn paper cones
The paper cones market can be segmented on the basis of the number of plies as
- Single Ply
- Multiple ply
The paper cones market can be segmented on the basis of the taper of the cone as
- Up to 3o taper
- 3o to 5o taper
- Above 5o taper
The paper cones market can be segmented on the basis of the geographical regions as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
- Asia Pacific excluding Japan (APEJ)
Paper Cones Market Regional Outlook
Large availability of the green land in the developing countries of Asia Pacific along with the huge demand of textiles due to huge population has created largest opportunity in the region, which has been recognized by a major population and encouraged a large number of small manufacturers of paper cones to emerge. Thus, Asia Pacific seems to be the largest producer as well as largest consumer of paper cones. Although, the Western European and North American regions are expected to provide a considerable market to paper cones, while anticipated to witness a drop in growth due to replacement by plastic materials. MEA and Latin America regions have textile demand expanding at a high pace, indicating rapid growth in these regions due to the high availability of green land in Africa and Latin America.
Paper Cones Market Key Players
Some of the key players of the paper cones market are
- K.U. Sodalamuthu and Co. Pvt. Ltd.
- Royal Paper Products
- Sunny Texcone India (P) Ltd
- Mandahar Mills Pvt. Ltd.
- Pacific Cones
- Tubettificio Senese Srl
- Yasar Group
- Conitex Sonoco N.V
- Favretto SRL
- Jaalouk & Co.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.