MarketsandMarkets projects that the tube packaging market size will grow from USD 6,656.5 Million in 2016 to USD 9,304.1 Million by 2021, at a compound annual growth rate (CAGR) of 6.9% from 2016 to 2021. The increase in demand for innovative packaging in various industries is driving the market for tube packaging
Download PDF Brochure @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=128857249
The key players in the tube packaging market are Amcor ltd. (Australia), Albea Group (France), Huhtamaki OYJ (Finland),Constantia Flexible (Austria), Sonoco Product Company (U.S.), VisiPak ltd (U.S.), Essel Propack Ltd (India), Montebello packaging (Canada), and Unette Corporation (U.S.). These players have adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, partnerships & agreements, investments & divestures, and new product launches are some of the major strategies adopted by the market players to achieve growth in the tube packaging market.
The year 2016 witnessed several mergers & acquisitions and expansions & investments in the packaging market by key players in order to expand their geographical footprint and improve the company’s distribution network through the means of vertical acquisitions. New product development was the second-most adopted key strategy adopted by market players to increase their share. The increase in demand for sustainable and innovative packs in emerging markets have encouraged companies to adopt this strategy.
Constantia Flexibles Group (Austria) acquired Lamp San Prospero (Mexico) in October 2016 to strengthen its position in the European pharmaceutical packaging industry. The company operates globally with its broad range of product portfolio and is focused on establishing its operations globally.
Sonoco (Canada) invested USD 20 Million in New Atlanta-area Packaging Center supporting Duracell’s North America Operations in December 2016. Primary packaging equipment will be installed and operated at the new center and will provide packaging materials. The company will also produce retail merchandising display at the same facility. This investment has supported the company’s strategic objective of generating profitable growth in the tube packaging market.
Request for sample report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=128857249
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Address:630 Dundee Road Suite 430
Country: United States