The invention relates to paper-tube adhesive and a preparation method thereof, which belongs to the technical field of adhesive. The paper-tube adhesive is prepared by mixing emulsion, oxidized lignin, potassium persulfate, ethylene glycol, kaolin powder, aluminum phosphate and water, heating, stirring to facilitate the reaction, cooling to room temperature, continuously stirring, and loading. The emulsion is prepared by heating and mixing water and polyvinyl alcohol, then cooling, adding emulsifier, plasticizer, defoaming agent and the like, continuously adding an initiator, heating, and stirring to facilitate the reaction; and the oxidized lignin is prepared by filtering papermaking black solution, heating and stirring filtrate and a sulfuric acid solution to facilitate the reaction, filtering, mixing filter residues and a sodium hydroxide solution, adding sodium periodate and methyltrioxorhenium, stirring to facilitate the reaction, finally standing, filtering and washing. The paper-tube adhesive is good in water resistance and capable of meeting the production requirement.