Global Tube Packaging Market Information by materials (Laminate, Plastic, Aluminum, and others), by product (Squeeze tubes, Twist tubes, and others) by application (Personal Care, Pharmaceuticals, Food, Consumer goods and others) and region – Forecast to 2022
Tube packaging comprises of a tube body, on one side of the tube there is a tube shoulder and a tube opening so as to fill a semi-solid substance. There are minimum two layers around the wall of the tube consisting of a plastic layer and offset to form a tube interior.
The key drivers of Tube Packaging Market are growth in flexible packaging, innovative packaging, and properties such as high quality printing at lower cost and barrier. The market is witnessing intense competition due to presence of large number of manufacturers. The growth can be attributed to the rising demand for cosmetics and personal care products. The two major restraints of the market are fluctuating raw material prices and economic meltdown.
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The global tube packaging market size is expected to account for USD 8,297.7 million at CAGR of 5.79% by 2022.
Regional Analysis of Global Tube Packaging Market:
Europe and North America contributes largely due to increasing per capita income and consumer spending. However the fastest growing share of APAC is attributed to the rapid urbanization and population growth. The region is seen with increased investment in pharmaceutical infrastructure to support the economic development and changing lifestyles. Emerging nations like China and India contributed to the demand for sustainable and innovative packaging. This further increased the demand for cosmetics & oral care, food & beverage industries. Europe accounted for the largest market share of 36.40% in 2015, with a market value of USD 2,050.8 million and is projected to grow at a CAGR of 5.39% during the forecast period.
The key players of global tube packaging market report include Amcor Limited (Australia), Sonoco Products Company (U.S.), Huhtamaki (Finland), CCL Industries (Canada), Albea Group (Luxembourg), Essel Propack Limited (India), Montebello Packaging (Canada), Unette Corporation (U.S.), World Wide Packaging LLC. (U.S.), Sinclair & Rush, Inc. (U.S.)
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The report for Tube Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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