Summary

Global Tube Packaging Market Trends, Analysis, Growth, Size, Opportunities by Materials (laminate, plastic, aluminum, and others), by Product (squeeze tubes, twist tubes, and others), Application (personal care, pharmaceuticals, food, consumer goods and others) and Region - forecast 2017-2023

Tube Packaging Market Scenario

The tube packaging is extensively used for the products, including cosmetics, pharmaceuticals, various industrial materials, and miscellaneous household products. Over recent years, the tube packaging market has been growing continually. Growth in the personal care industry and the rising demand for cosmetic products are predominantly driving the demand in the tube packaging market.

Considering the colossal traction, the market is witnessing at present, Market Research Future (MRFR) asserts that the global tube packaging market is poised to touch a valuation of USD 8,297.7 MN by 2023, registering 5.79% CAGR throughout the forecast period (2018 – 2023). Increase in the global population, cosmetic industry, and creative packaging are pushing up the growth of the market. 

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Major Players

Key players leading the tube packaging market include

• Albea Group (Luxembourg)
• Amcor Ltd. (Australia)
• CCL Industries (Canada)
• Sinclair & Rush, Inc. (US)
• Sonoco Products Company (US)
• Essel Propack Ltd (India)
• Montebello Packaging (Canada)
• Huhtamaki (Finland)
• Unette Corporation (US)
• World-Wide Packaging LLC (US), among others.

Innovation/ Industry/Related News

June 12, 2019 ----- Colgate (the US), an umbrella brand principally used for oral hygiene products announced that it has finalized the design of a recyclable toothpaste tube that sets a new standard in the packaging industry. First-of-its-kind, the innovation has been recognized for recyclability by The Association of Plastic Recyclers (APR) on June 6th.

This design from Colgate is the first oral care or personal care tube to earn APR recognition. The tube will debut in the US in 2020, rolling out in the selected global markets under the Colgate brand. The company plans to fully convert to recyclable tubes by 2025 when all of its products are in 100% recyclable packaging.

Global Tube Packaging Market   - Segmentation

For a better understanding, the Tube Packaging Market report has been segmented into four key dynamics:

By Materials : laminate, plastic, and aluminum, among others.

By Product    : Squeeze Tubes, and Twist Tubes, among others.

By Application            : Personal Care, Pharmaceuticals, Food, and Consumer Goods, among others.

By Regions   : Asia Pacific, Europe, North America, and Rest-of-the-World.

Tube Packaging Market   - Regional Analysis

North America accounts for the leading region in the global tube packaging market. The market is expected to keep on increasing during the forecast period due to the burgeoning pharmaceutical and healthcare industry. The growth in sectors such as food, oral care, personal care, and pharmaceutical alongside, the innovation in packaging designs drive the growth of the regional market. Besides, the demand for convenience to carry and use products led by the busy lifestyles and growing working population is fostering the growth of the tube packaging market.

Europe stands the second position in the global tube packaging market. The region has gained a stronghold globally, due to the resurging economy and technological advancements in the manufacturing of packaging solutions. Due to the changing lifestyle and the increasing purchasing power, the demand for packaged products is increasing in the region.

The Asia Pacific tube packaging market has emerged as a profitable market, globally. Rapidly developing countries such as India and China, have emerged as a profitable market due to the rapidly expanding drug-producing capabilities. To respond to the augmenting consumer demand for convenient tube packaging, manufacturers focus on launching innovative pack formats, sizes, and functionality.

 

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Table Of Content

1   Executive Summary

2   Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 Assumptions

2.4 Market Structure

3  Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

Continues.......

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