Tube Packaging - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Tube Packaging Market is accounted for $8.27 billion in 2019 and is expected to reach $16.30 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Growth in flexible packaging and increasing demand for convenience packaging are the major factors propelling the market growth. However, the stringent government regulations are hampering the market growth.
Tube packaging is in widespread use for creams, ointments, gels, and even thick liquids. It is also used for solids as it offers a layer of protection, preventing the contents from breakage. Tubes are one of the most popular packaging formats in the cosmetic and personal care segment, primarily attributed to their convenience, portability, and flexibility to hold and dispense a wide variety of products.
Based on the type of packages, the squeeze tubes segment is going to have a lucrative growth during the forecast period due to the excellent barrier properties such as damage proof, non-toxic, and hygienic. They are preferred because they are convenient and easy-to-use. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rise in population, improving its lifestyle and living standards in this region. This factor coupled with the rising trends in cosmetic and pharmaceutical products and awareness for health and hygiene is driving the market in the region.
Some of the key players profiled in the Tube Packaging Market include Worldwide Packaging Inc, Viva Group, Visipak, Unicep Packaging, Unette Corporation, Sonoco Packaging Company, Montebello Packaging, M&H Plastics, Intrapac International Corporation, Huhtamaki OYJ, Hoffmann Neopac AG, Essel Propack Ltd, Ctl Packaging, Constantia Flexibles, CCL Packaging, Auber Packaging Solutions, Amcor Ltd, Alltube Group, Albea Group and 3D Technopack Ltd.
Type of Packages Covered:
• Twist Tubes
• Squeeze Tubes
• Extruded Tube
• Other Types
• Above 40 mm
• 31-40 mm
• 23-30 mm
• 16-22 mm
• Up to 15 mm
• Other Materials
• Cleaning Products
• Food & Beverages
• Cosmetics & Oral Care
• Healthcare & Pharmaceuticals
• Home Care
• Baby Care
• Shaving & Depilatories
• Stationery Items
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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