Paper Cone Market Is Estimated To Witness High Growth Owing To Opportunity For Use In Packaging Applications

Paper Cone Market

Paper cone is made up of paper wrapped in a cone-like cylindrical shape and can consist of multiple layers of wrapping. Paper cones find extensive usage in various packaging applications primarily for cookies, pastries, nuts, frozen foods and other food items. The cones protect packaged items from damage and leakage during transit and storage. They are widely preferred by packaging companies due to advantages such as lightweight, biodegradability and low cost of manufacturing. Growing food processing industry worldwide is fueling demand for paper cones for primary and secondary food packaging solutions.


The global Paper Cone Market is estimated to be valued at US$ 8.05 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
The opportunity for use of paper cones in packaging applications is driving growth of the market. Paper cones offer protection against damage as well as leakages during handling and transportation of various food items. They are increasingly used for primary and secondary packaging of cookies, nuts, pastries and frozen foods. Their properties such as biodegradability, printability and cost effectiveness make them a preferred choice for food packaging companies. The growing food processing industry worldwide is presenting significant opportunities for paper cone manufacturers. Expanding application scope of paper cones in food as well as non-food packaging domains is projected to propel the market growth over the forecast period.

Porter's Analysis
Threat of new entrants in the paper cone market is moderate as it requires high capital investment to establish a new manufacturing facility. Bargaining power of buyers is moderate since there are many established suppliers. Bargaining power of suppliers is low due to availability of raw materials from numerous suppliers globally. Threat of new substitutes is low as paper cones have a very specific application in ice cream and industrial uses. Competitive rivalry is high as the market is fragmented with presence of numerous regional and global players competing on pricing and product quality.

SWOT Analysis
Strengths: Established distribution channels, focus on sustainability and recyclability of paper cones.

Weaknesses: Sensitivity to fluctuations in raw material prices, capital intensive nature of operations.

Opportunities: Growing demand for eco-friendly packaging solutions, expansion in emerging economies.

Threats: Availability of alternatives like corrugated boxes, stringent environmental regulations.

Key Takeaways
The global Paper Cone Market Size is expected to witness high growth due to rising demand for environment-friendly packaging across industries.
Regional analysis related content comprises The Asia Pacific region is the fastest growing as well as the largest paper cone market globally with countries like India, China, Japan and Indonesia holding major shares. Asia Pacific contributes to over 35% of the global market owing to cheap labor, growing end use industries and easy availability of raw materials in the region. North America and Europe follow Asia Pacific in terms of market share and are expected to witness steady growth on account of rising environmental concerns.

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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