Paper Core Market: Overview
Paper core is used diverse commercial and an array of industrial applications, notably as a thread core for several rolled paper, plastics, and textile products. They are also used in dental floss cores, thermal transfer ribbon cores, and foils. Manufacturers in the paper core market are leaning on meeting a wide cross-section of these demands by varying the dimensional, structural, and material characteristics of their products. Over the years, an overarching trend shaping the contours of the paper core market is improving the recyclability and environmental-friendliness of these. Since, wood fibers are popularly used in making paper core, it becomes crucial more than ever to recycle used and after-use paper cores on a regular basis.
Key raw materials used in the paper core market are styrene, ABS, HIPS, HDPE, and polypropylene. Over the years, revenues have been propelled by the growing use of paper core in various winding and unwinding applications, such as for decoration & specialty paper, hygiene and tissue paper, and polyester. Some of the key end-use industries are electronics, textile, construction, and beverages packaging.
The study on the paper core market presents a comprehensive assessment of all key growth dynamics, current avenues, emerging technological trends, prevailing regulatory frameworks, and competitive dynamics. The researchers strive to offer a data-driven insight into the recyclability trends shaping revenue potential in various product segments and in key regional markets.
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Paper Core Market: Key Trends
Given the recurrent focus of brands across industries on sustainability, paper packaging has made massive progress in adopting environmentally friendly processes, such as increasing the use of recycled waste as raw material. On the other hand, various economies have recently intensified their focus on paper core waste recycling, boosting the growth of the paper core market. Stringent implementation of governments’ norms pertaining to paper waste recycling has also infused new growth spark for market players. They are trumpeting the sustainability quotient to gain a competitive edge over their peers and new entrants in the paper core market. To put things in perspective, courtesy the data that 3 tons of wood are used in producing 1 ton of virgin paper. Thus, it makes increasingly economic sense to use recycled paper to make new paper cores.
The growing popularity of paper-packaged products also stems from this trend gaining attention from end consumers. Consumers have become increasingly conscious to adopt ecologically-friendly products. Also, products that use core paper packaging get substantial attention in supermarkets due to their recyclability aspect.
Paper Core Market: Competitive Dynamics and Key Developments
A growing number of manufacturers are adopting recycled paper core in their new product launches. The higher the percentage of recycled stuff present in their products, better is the prospect for branding for end-use industries, such as in the hygiene paper and food markets. Key players and new entrants are setting their sights on countries where the demand for textiles is rising at rapid pace, an example is China. At the fore of their distribution channels are many other Asian nations, where the prospect of environmental-friendly paper-based packaging is high in these end-use industries. The growing popularity of fiber-based packaging in numerous end-use industries is driving the demand in the paper core market.
Some of the prominent participants in the paper core market are Romiley Board Mill, Western Container Corporation, ALBERT EGER GmbH & Co. KG, Smurfit Kappa Group, Advanced Paper Tube, Inc., and Sonoco.
Paper Core Market: Regional Assessment
On the regional front, North America and Asia Pacific have emerged as highly lucrative markets. Growth in the North America paper core market has been fueled by the high market value ascribed to the sustainability of paper-based packaging across the region. Frequent product launches have also kept the regional market generating sizable revenues to the global paper core market.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.