Paper Cone Segment is Fueling Growth of the Paper Cone Market |...

Paper Cone Segment is Fueling Growth of the Paper Cone Market

Postado 2023-11-29 12:16:28

Market Overview:
Paper cones are lightweight packaging solution used for winding paper, plastic films and foils. They provide effective mechanical protection and allow for efficient handling and transportation of wound materials. Their biodegradable and recyclable nature makes them an eco-friendly alternative to plastic packaging.

Market key trends:
Growing demand from food and beverage industry: Paper cones are widely used for packaging snacks, chips and noodles in the food industry. They help maintain the freshness and crispiness of snacks during storage and transportation. Increasing health consciousness and packaged food consumption is expected to drive the demand for paper cones from this industry.

Rising focus on sustainable packaging: Manufacturers are under growing pressure to adopt eco-friendly packaging solutions in the view of mounting plastic waste and environmental regulations. Paper cones offer a sustainable alternative to plastic cores. This is expected to boost their adoption across various end use industries over the forecast period.
Segment Analysis
The global paper cone market is segmented on the basis of material type into cardboard and corrugated paper. Among these, corrugated paper segment dominates the market and accounted for around 60% market share in 2022. Corrugated paper paper cones offer benefits such as high strength, durability and ability to withstand different temperatures which makes them suitable for packing food and beverages.

Key Takeaways
The global Paper Cone Market Demand is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing demand from food and beverages industry.

Regional analysis
Asia Pacific dominates the global market and accounted for over 35% share of global paper cone consumption in 2022. China, India and Japan are some of the fastest growing countries owing to expansion of food & beverages sector in these countries. North America and Europe are other major markets for paper cones due to stringent regulations regarding usage of plastic.

Key players
Key players operating in the paper cone market are Huhtamaki Oyj, Conitex Sonoco, Tubettificio Senese S.r.l., A.C.M.I. S.p.A., PTM Packaging Pvt. Ltd., Sonoco Products Company, Paper Machinery Corporation, Raeed Company, SUNRISE PAPER INDUSTRY CO., LTD., Fujian Minqing Technology Co.,Ltd, Fulistar New Material Technology Co., Ltd., Xinhe Paper Cone Making Machinery Co., Ltd., Global Sources, Jaiding Paper Products Co., Limited, Ace Paper Products Company, Dongguan City Leyu Paper Products Co., Ltd., Jiangyin Golden Bridge Printing & Packaging Machinery Co., Ltd, Shenyang Beizhi Paper Machinery Co., Ltd., KU Sodalamuthu And Co. Pvt Ltd, National Paper Products.

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