The new report by Expert Market Research titled, ‘Global Tube Packaging Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global tube packaging market, assessing the market based on its segments like applications, manufacturing process and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 9.7 billion
- Forecast CAGR (2021-2026): 6%
- Forecast Market Size (2026): USD 13.8 billion
The growing need for small-sized packaging solutions for personal care and cosmetic items is driving the global tube packaging market. The market is growing due to the increasing use of laminated tube packaging due to its superior properties. It is widely used in various applications, including packaging for cosmetics, toothpaste, and personal care products. Due to the laminated barrier’s ability to prevent the contents from transferring to the tube and prevent it from coming into contact with oxygen, it is increasingly being used for food and pharmaceutical packaging, driving the market’s growth. Laminated tubes combine the properties of plastic and aluminum, making them tamper-resistant and protecting the contents from moisture, air, and light. Due to their lightweight, toxin-free, and hygienic properties, they are widely used in the pharmaceutical industry, thereby boosting the market growth. The increasing demand for tube packaging in the packaging of health and pharmaceutical products, cosmetic packaging is expected to drive market growth in the coming years. Other factors, such as expanding urbanization and rising consumer spending power, are expected to propel the market forward.
Industry Definition and Major Segments
Tube packaging is a flexible container used to package viscous liquids like toothpaste and ointments. It’s commonly made of metal and plastic, with a spherical aperture on one end and a closed end sealed by welding or folding. For convenience and ease of use, tube packaging is designed for dispensing with hand pressure.
By type, the market is divided into:
By material, the market is divided into:
By application, the market is divided into:
- Personal Care and Oral Care
- Cleaning Products
- Consumer Goods
By region, the industry is categorised into:
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/tube-packaging-market
The market is growing due to the rising demand for small items with on-the-go capabilities. Furthermore, tube packing makes specialty products more inexpensive and is utilized by various manufacturers to distribute sample tubes to market their products. This is aiding the market’s growth. The tube can be customized with a variety of heads, such as needlepoint tips, to meet the customer’s needs. In addition, the product’s external appearance might be altered to appeal to customers. The market is growing due to a shift toward sustainable and low-waste lifestyles. Furthermore, the cosmetics industry’s increased desire for attractive and recyclable tube packaging is boosting the market growth. The growing trend of incorporating post-consumer recycled materials in tube packaging is also fueling market growth. In addition, the growing use of solvent-free tube packaging made with mineral microspheres to develop smart packaging materials is boosting the market growth. The introduction of airless technology to safeguard products and extend shelf life while reducing waste in packaging tubes is boosting market growth.
North America dominated the industry due to the region’s established personal care and healthcare industries. The Asia Pacific region is experiencing rapid growth due to the cosmetics and personal care industry’s robust growth. Tube packaging’s market growth is being aided by the expanding purchasing power of emerging middle-class populations in India, China, and Vietnam. Furthermore, the penetration of major cosmetic companies offering free sample products to consumers is increasing the use of tube packaging, which is propelling the industry forward. Additionally, increased internet penetration and the proliferation of online retail platforms are increasing awareness and accessibility of a variety of premium products typically packaged in tube packaging. Africa’s rapid population growth is expected to increase the region’s demand for flexible packaging, further aiding the growth of the market.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Key Market Players
The major players in the market are International Albea Group., EPL Limited, Montebello Packaging, Huhtamäki Oyj, Unette Corporation, VisiPak, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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This post was originally published on Downey Magazine