Packaging industry has taken a new turn in the recent years. Apart from protection and product preservation, more emphasis is given on product communication, branding and many such functions that focus on product visibility. Composite cardboard tubes are one such packaging type that play a vital role in enhancing the appeal and image of a particular product for the customer, simultaneously providing protection and augmenting shelf presence. Composite cardboard tubes are usually used for packaging of premium and promotional items.
They are a highly adaptable packaging form as they use comparatively less material than cardboard boxes of similar specifications. In addition, composite cardboard tubes are robust, tough to crush and are characterized by their shape retaining property. Owing to these aspects they are highly preferred for logistics.
According to the recent research carried out by XploreMR, demand for composite cardboard tubes is expected to rise at a value CAGR of 5.7% throughout the period of forecast, 2017-2026. Increasing focus on product promotion and branding is expected to play a major role in the growth in demand of composite cardboard tubes across regions.
The overall demand for composite cardboard tubes is increasing at a steady pace across the globe. However, this type of packaging is expected to witness high demand for Asia Pacific excluding Japan (APEJ) region in the due course. Emerging economies in this region are marked with increasing number of end user companies that use composite cardboard tubes.
Composite Cardboard Tubes Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)Buy Now
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