Overview and Scope
Tube packaging is a cylindrical shape packaging in which the material to be packed is enclosed in various types of materials such as plastic, paper, and aluminum are used for making tube packaging. It is used for packing various gel-like materials such as creams, ointments, gels, and other thick liquids.
Sizing and Forecast
The tube packaging market size has grown strongly in recent years. It will grow from <b>$11.04 billion in 2023 to $12.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the historic period can be attributed to consumer preferences for convenient and easy-to-use packaging, growing demand for compact packaging within the care and oral care industry, considerable expansion in the packaging industry, novel packaging with superior barrier characteristics, cost efficiency option.
The tube packaging market size is expected to see strong growth in the next few years. It will grow to <b>$17.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. </b> The growth in the forecast period can be attributed to shift in end-user attitudes toward ecological packaging, increasing demand for convenience packaging, e-commerce growth, regulations and safety, health and hygiene. Major trends in the forecast period include sustainable competitive advantage gained through innovation and partnerships, innovative dispensing mechanisms, collaboration with design agencies, lightweighting, growing technological developments.
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Segmentation & Regional Insights
The tube packaging market covered in this report is segmented –
1) By Type: Laminated, Aluminum, Plastic
2) By Type Of Package: Squeeze, Twist, Stick, Cartridges, Other Package Ty Pes
3) By Application: Oral Care, Cosmetics, Food & Beverage, Pharmaceuticals, Cleaning Products, Other Applications
<b>North America</b> was the largest region in the tube packaging market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the tube packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growth of the flexible packaging industry is expected to propel the growth of the tube packaging market going forward. Flexible packaging refers to the packaging of products using non-rigid materials. Flexible packaging helps the tube packaging global market to grow by packing consumer and institutional products and in industrial applications, to market, protect, and distribute different products. For instance, according to the Flexible Packaging Association, a US-based association of flexible packaging manufacturers, the flexible packaging industry generated $33.6 billion in sales and it was the second largest packaging segment in the US and generated 19% of the packaging sales in the U.S. Therefore the growth of the flexible packaging industry is driving the growth of the tube packaging market.
Key Industry Players
Major companies operating in the tube packaging market include <b> Albea S.A., Amcor Limited, Essel Propack Limited, Sonoco Products Company, World Wide Packaging Inc., Huhtamaki OYJ, Montebello Packaging, Unette Corporation, Romaco Group, Hoffman Neopac AG, CCL Industries Inc., VisiPak Inc., Sinclair & Rush Inc., M&H Plastics, Berry Global Inc., Tuboplast, Constantia Flexibles Group GmbH, AptarGroup Inc, Viva Group, CTL Packaging USA Inc, Maverick Enterprises Inc., Tubex Holding GmbH & Co KG, Pack-Tubes SAS, Alltub SAS, Lajovic Tuba d.o.o., Linhardt GmbH & Co KG </b>
The tube packaging market report table of contents includes:
1. Executive Summary
2.Tube Packaging Market Characteristics
3. Tube Packaging Market Trends And Strategies
4.Tube Packaging market analysis
5.Tube Packaging Market Size And Growth
6.Tube Packaging Segmentation
7. Tube Packaging Regional And Country Analysis
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27. Tube Packaging Competitive Landscape And Company Profiles
28.Tube Packaging Key Mergers And Acquisitions
29Tube Packaging. Future Outlook and Potential Analysis
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