Tube Packaging Market Outlook
Tube packaging is a cylindrical or hollow container employed for packaging creams, gels, lotions, and other thick liquids and solids. They provide the contents with an additional layer of protection from sun, abrasion and breakage. Tube packaging is usually processed through extrusion, slicing, punching and crumping and can be customized with personalized labels, colors and designs to provide a functional and unique product. It is usually manufactured using plastic, aluminum, and paperboard.
The global tube packaging market size reached US$ 10.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.9 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027.
As a result, it finds expansive applications among numerous industries, including personal care, pharmaceuticals, cosmetics, chemical, food and beverages, etc.
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Tube Packaging Market Trends
The global tube packaging market is primarily driven by the rising demand for small-sized packaging solutions for personal care and cosmetic products. Additionally, the growing consciousness among the consumers regarding the hygiene of the products is positively influencing the demand for tube packaging solutions. Due to the multi-layered barrier structure, tube packaging improves the shelf-life of the product and minimizes exposure to oxygen, light, bacteria and other contaminants.
Moreover, several product innovations, such as the launch of novel applicators, brushes, sponge heads, and pump caps, to magnify the ease of application and enhance the user experience, are acting as another growth-inducing factor. Various other factors, including rapid urbanization and escalating expenditure capacities of the consumers, are anticipated to further drive the market growth in the coming years.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- ALBEA
- Amcor Plc
- Berry Global Inc.
- Clariant AG
- EPL Limited
- Hoffmann Neopac AG
- Huhtamaki OYJ
- Montebello Packaging
- Romaco Group (Truking Group)
- Sonoco Products Company
- VisiPak (Sinclair & Rush Inc.).
Tube Packaging Market Segmentation:
The report has categorized the market based on type, material type and application.
Breakup by Type:
- Squeeze Tubes
- Twist Tubes
- Others
Breakup by Material Type:
- Plastics
- Paper
- Aluminum
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Cleaning Products
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the tube packaging market include Amcor ltd., Albéa group, HuhtamäkiOyj, Constantia Flexible, Sonoco Product Company, VisiPak ltd, EsselPropack Ltd, Montebello Packaging, Unette Corporation, M Plastics Ltd..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Tube Packaging Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/tube-packaging-market/download-sampleMarket DynamicsTube packaging is a significant part of the packaging.
In terms of material, plastic material held maximum share.
It is also being used for solids as it provides a layer of protection, preventing the contents from breakage.
For cosmetic products packaging, players are coming up with new innovative, promotional, retail, and gift ideas to appeal customers such as nano tube laminate, dual nozzle tube, ultra flat, mini pump tube, and many more.
