Plastic Tube Packaging Market Overview
The global plastic tube packaging market is dynamic and is expected to witness high growth over the forecast period. The growth of the market is influenced by the long-term air quality and climate goals. Some of the key driving factors of the tube packaging market are significant growth in packaging industries coupled with innovative packaging and excellent barrier properties. The increasing adoption of lightweight rigid plastics is one of the key drivers propelling the growth of this market in the coming years. Lightweight packaging is becoming increasingly popular among the consumers as it helps in the significant reduction of transportation and carriage costs, leading to increased profits.
In the packaging industry, the market is growing as packaging items and services are required in various industrial sectors. The new research report about the global plastic tube packaging market published by Market Research Future (MRFR) tallies gains for this market at 6.02% CAGR between 2017 and 2023.
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Major players in the global plastic tube packaging market include
- Albea Group (Luxembourg)
- Amcor Ltd. (Australia)
- CCL Industries (Canada)
- Essel Propack Ltd (India)
- Huhtamaki (Finland)
- Montebello Packaging (Canada)
- Sinclair & Rush Inc. (USA)
- Sonoco Products Company (USA)
- Unette Corporation (USA)
- World Wide Packaging LLC (USA).
Latest Industry News
- Colgate has designed a new recyclable tube that will debut in 2020 at Colgate’s Tom’s of Maine brand in the USA. 12 JUNE 2019
- Uncle Dougie’s organic barbecue sauces are going to hit the market very soon with a new style of plastic tube packaging. 9 JUL 2019
- Cerulean is collaborating with industrial automation specialist Festo to improve tube packing efficiency. Cerulean has plans to improvise the design of its popular FPS-1 tube packer with help from Festo. Festo is helping Cerulean to simplify the design and deliver an improved, future-proof packing solution. 20 JUNE 2019
- Smurfit Kappa Group is preferring to use Caulk Tubes to ensure efficient plastic tube packaging for various products. 10 JUL 2019
- Complying with the state packaging regulations of California, CannaCraft has designed packaging that is both safe and sustainable. The new packaging can seal the vape cartridges themselves. The new packaging is inherently child resistant. It is also eco-friendly packaging as it cuts down the use of excessive, single-use plastic to pack the products in plastic tubes. 14 JUNE 2019
- After launching its product with a new plastic tube packaging, Neopac has earned a certificate at the Perfume, Cosmetics & Design Paris show. The certificate has been awarded for the sustainability of Neopac’s PICEA™ Tube that is being used by the brand Bamse. Trimb Healthcare owns the Bamse brand. 5 FEB 2019
Plastic Tube Packaging Market Segmentation
The global plastic tube packaging market segmentation covers applications and type. MRFR is exploring the features of these segments to understand market trends.
According to the application-based segmentation, this market covers consumer goods, food, personal care, pharmaceuticals, and others. Personal care products include cosmetic products, body lotions, etc. During the forecast period, the personal care segment is likely to hold the largest market share, followed by pharmaceuticals.
By type, the market has been segmented as extruded, rigid tubes, squeeze, twist, and others.
Market Research Analysis
The development of new and diversified technologies is creating opportunities within the packaging industry. Increasing demand for airless tubes across the globe and the availability of high-quality printing at a low-cost are driving the global plastic tube packaging market growth. Recent market trends show a very high growth rate for the flexible packaging industry, driving the global plastic tube packaging market. Very strict and stringent regulatory rules along with high competition from substitute products are restraining the market. The rapid growth rate of the cosmetics and toiletries market in the developing countries is an attractive investment opportunity in the global tube packaging market. Plastic tube demand in beauty is largely defined by Facial moisturizers and cleansers, toothpaste consumption. While future growth may primarily come from Asia and Latin America where the category expands in line with rising modern retail outlets, pack sizing strategies will be key in driving sales across the globe. Geographically, the global tube packaging market is significantly large in Europe and North America due to increasing per capita income and consumer spending. Moreover, Asia Pacific is expected to be the fastest growing segment.
The regional segmentation of the global plastic tube packaging market covers North America, Asia Pacific, Europe, and Rest of the World (RoW).
North America is an important regional market due to heavy industrialization, established industries in various sectors, technological advancement, government norms regarding hygiene, and the presence of key market players. USA and Canada are the topmost country-specific markets in this region.
Europe is another important regional market due to reasons that are more or less the same as those in North America. The grand country-specific markets in this region are Germany, France, Italy, and the UK. Other countries in Europe also aid market growth.
In the Asia Pacific region, the market is rising due to changing lifestyle, the inclination of consumers towards improvement in the food quality (and quality of other products), high density of population, demand for packaged items, an increasing number of modern retail outlets, and rising disposable income. Crucial country-specific markets in the Asia Pacific region are China, India, and Japan. Other countries of the Asia Pacific region also enhance market revenue.
The RoW segment features the countries of Latin America and the Middle East & Africa (MEA). In Latin America, the market is stable as technological advancement in this region is yet to reach the level of North America. In the MEA region, the market is small due to the limited availability of technology and lack of skilled professionals.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List Of Tables
Table 1 Global Plastic Tube Packaging Market: By Region, 2017-2023
Table 2 North America Plastic Tube Packaging Market: By Country, 2017-2023
Table 3 Europe Plastic Tube Packaging Market: By Country, 2017-2023
Table 4 Asia Pacific Plastic Tube Packaging Market: By Country, 2017-2023
Table 5 RoW Plastic Tube Packaging Market: By Country, 2017-2023
Table 6 Global Plastic Tube Packaging Market, By Type, By Regions, 2017-2023
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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