Tube Packaging Market to Expand at 7.25% CAGR, Valued at USD 13.56 Billion in 2023

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Tube Packaging Market Overviews

Tube Packaging Market was valued at USD 13.56 billion in 2023. Global Tube Packaging Market size is estimated to grow at a CAGR of 7.25 % over the forecast period.

Tubes are hollow, cylindrical containers made of plastic, aluminum, or cardboard that hold sticky substances like ointments, toothpaste, and adhesives. Both ends of the tube are treated differently during the manufacturing and filling process. The body of the tube has an oval aperture at one end that can be sealed with a cap and closure. Fold or close the opposite end after adding the contents. Tube packing containers are extruded and then personalized, functional, and unique packaging is created by printing, labeling, stamping, cutting, crimping, and other methods. This tube packaging market report’s segment analysis is studied and prepared on the basis of tube, product, application and region.

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Tube Packaging Market Scope and Methodology:

The rise of diverse businesses such as cosmetics, toiletries, and medicines has a significant impact on the tube packaging market. The business is expected to grow dramatically in the Asia-Pacific area over the next few years, thanks to a flourishing middle-class population. Emerging markets for tube packaging include India, China, Saudi Arabia, Russia, and Brazil, which are predicted to grow substantially throughout the projection period.

Tube Packaging Market Regional Insights

With a market share of 38 % in 2023, the North American region dominated the industry. Many medium-sized firms in the tube packaging market in this region are willing to meet the demands of the consumer industry. Because of the ease of production and printing, laminated tubing and extruded plastic tubing have become the preferred materials in the region. These factors are driving the tube packaging industry in the market forward.

Tube PackagingMarket Segmentation

By Tube, squeeze and collapsible segment dominated the tube packaging market with a 71 % share in 2023. Product penetration is increasing in end-user industries such as personal and oral care, as well as healthcare. Because it is lightweight, shatterproof, and leak-proof, the plastic squeeze type is the most widely used product. The laminated foldable aluminum type is commonly utilized in health and dental care applications. When pressure is released, folding tubes do not return to their previous shape, making them ideal for packing ointments and creams. These reasons are propelling the segment’s expansion in the market.

Tube Packaging Market Key Players

Wilmar International Ltd.
Sime Darby Plantation Berhad
IOI Corporation Berhad
Kuala Lumpur Kepong Berhad
United Plantations Berhad
Kulim (Malaysia) Berhad
IJM Corporation Berhad
PT Sampoerna Agro, Tbk
Univanich Palm Oil Public Company Ltd.
PT. Bakrie Sumatera Plantations tbk

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Key questions answered in the Tube Packaging Market are:

What is Tube Packaging ?
What was the Tube Packaging market size in 2023?
What is the growth rate of the Tube Packaging Market?
Which are the factors expected to drive the Tube Packaging market growth?
What are the different segments of the Tube Packaging Market?
What growth strategies are the players considering to increase their presence in Tube Packaging ?
What are the upcoming industry applications and trends for the Tube Packaging Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Tube Packaging Market?
Who are the leading companies and what are their portfolios in Tube Packaging Market?
What segments are covered in the Tube Packaging Market?
Who are the key players in the Tube Packaging market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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