19-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Tube Packaging Market By Type (Twist Tubes, Squeeze Tubes and Others), and By Material (Plastic Tubes, Aluminum Tubes, Laminated Tubes, and Others), and By Applications (Cosmetics & Oral Care, Food & Beverages, Pharmaceuticals, Cleaning Types, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global tube packaging market in 2019 was above USD 8 billion. The market is expected to grow around a CAGR of 7.5% and is anticipated to reach over USD 11 billion by 2026.
Tube packaging is used for the packaging of creams, gels, ointments, and even thick liquids. This is also used for the packaging of solid materials. Tube packaging provides protection as well as it prevents the contents from breakage. Due to the various advantages of the plastic tubes, it is holding more varied content as compared to aluminum ones. However, aluminum tubes are also used for the packaging of various materials, and demand for the cardboard tubes is also increasing due to its eco-friendly credentials. The tube closures are available in any shape or size, nowadays tubes packaging is the favorable packaging container for the packaging of many items such as beauty products, pharmaceuticals, food products, household products, etc. The advantages of tube packaging are to store, protect, and mail different types of products including bottles, posters, certificates, etc.
Browse the full “Tube Packaging Market By Type (Twist Tubes, Squeeze Tubes, and Others), and By Material (Plastic Tubes, Aluminum Tubes, Laminated Tubes, and Others), and By Applications (Cosmetics & Oral Care, Food & Beverages, Pharmaceuticals, Cleaning Types, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-tube-packaging-market-by-type-twist-tubes-1255
Rapid growth in packaging industries, innovative packaging is the key driving factors for the tube packaging market. Tube packaging possesses excellent barrier properties as well as trending end consumer attitude towards sustainable packaging, which can drive the market in the future years. Moreover, the introduction of innovative packaging techniques such as sponge or brush head can be used in a wide range of applications. In addition, increasing demand for tube packaging from various industries such as cosmetics, food, healthcare, etc. is driving the market growth. However, changes in the global economy and fluctuating prices of the raw material required for packaging, may restraints the tube packaging industry growth. On the other hand, increasing disposable income in the growing urbanization, and growing awareness about the availability of different types of packaging material, growing awareness about eco-friendly packaging material may create ample opportunities in the market.
By type segmentation, the squeeze tubes category is expected to contribute to the largest market share in the global tube packaging market attributed to the increasing demand for squeeze tubes from the packaging industries. The squeeze tube protects the product from bacteria as well as it provides limited exposure of the content so that it is not affected by the outer atmosphere, and thus increases the shelf-life of the products.
On the basis of the material type segment, the laminated tubes category led the market in 2019 and it is anticipated to grow in the future years attributed to the growing demand for the laminated tubes from the pharmaceuticals and cosmetic industry. The laminated tubes minimize the transfer of light and oxygen and thus protect the product quality.
By application analysis, the cosmetics & oral care category was accounted for the largest market share in 2019 and it is expected to grow during the forthcoming years owing to increasing demand for cosmetics & oral care products. This growth can be attributed to increasing disposable income and an improved standard of living.
By geography, in 2019, Europe dominated the market for the tube packaging owing to increasing demand for different types of packaging and increasing per capita income.
Top key players operating in the market are Essel Propack, Amcor Limited, Albea Group, Montebello Packaging, Worldwide Packaging, Huhtamaki OYJ, Constantia Flexible, Sonoco Type Company, VisiPak ltd and Unette Corporation, and others.
This report segments the tube packaging market as follows:
Global tube packaging Market: By Type Segmentation Analysis
Global tube packaging Market: By Material Type Segmentation Analysis
Global tube packaging Market: By Application Segmentation Analysis
Global tube packaging Market: Regional Segmentation Analysis
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