Cardboard Tubs Market: Overview
Paper and cardboard play an important role in packaging industry with their compostable nature and multipurpose applications. Cardboard tubs are especially designed boxes majorly used for packaging goods. They are completely made up of cardboard and are biodegradable. They are available in various capacities ranging from 100 grams to 1 kg. Cardboard tubs can be customized as per the requirement of customer. Cardboard tubs are primarily used in food industry to serve ice creams, popcorns and other food products at various places. Cardboard tubs are also used for the packaging of promotional and premium products. They are highly adaptable as they utilize less material than products of similar specifications. They are available in the market as waxed and plain tubs. Waxed cardboard tubs offers good printability to the manufacturers. The outlook for the global cardboard tubs market is expected to be positive during the next decade.
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Cardboard Tubs Market: Dynamics
The global consumption pattern of food products is changing across the globe. The rising consumption of ice creams, desserts and other such food products is expected to drive the global cardboard tubs market during the forecast period. Cardboard tubs overcome the excess use of plastic-based cups and tubs to pack ice creams, popcorns and other food stuffs. The cardboard tubs are available in various capacities to cater different requirements. In addition, the growing awareness towards the use of sustainable packaging products, the demand for products made up of paper and cardboard is rising at a stellar pace and is expected to show similar trend during the next decade. These factors are expected to drive the global cardboard tubs market during the forecast period. Also, cardboard tubs offer customers an excellent printability which helps branding and promotion of products. In order to attract customers, the companies their logo and promotional strategies on the cardboard tubs. The cardboard tubs are highly cost-effective compared to its counterparts.
Cardboard Tubs Market: Regional Outlook
The ready-to-eat food industry is well established in the U.S. and Canada. The cardboard tubs are readily used in various sectors across the countries. Various food chains are utilizing cardboard tubs to serve their products. These factors are expected to drive the demand for the cardboard tubs market across the region. The growing battle against the use of plastic products across various parts of Europe including Italy, Spain, Germany, the U.K. and France among others is expected to push the growth prospects of more sustainable packaging solution such as cardboard tubs. Similar trends are observed in Australia & New Zealand. China, India, Thailand, and Indonesia among other nations in Asia Pacific region are expected to fuel the demand of cardboard tubs market during the forecast period. Brazil is a country with a high consumption of paper-based products which act as a positive sign for the growth of the cardboard tubs in the Latin America region. MEA region with countries such as South Africa, GCC countries (including Saudi Arabia, Oman, and Qatar among others) are expected to witness below average growth during the forecast period due to less penetration of paper and cardboard products in the region.
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Cardboard Tubs Market: Key Players
Some of the leading players operating in the global cardboard tubs market are:
- Wafer Ltd.
- Alpack Limited
- BCS Foodpak
- GM Packaging
- SKS Bottle & Packaging, Inc.