Date: Feb 2022
Tube Packaging Market worth USD 20.7 billion by 2030
The Market Statsville Group (MSG) publishes the new report on the "Tube Packaging Market by Types of Packaging (Squeeze, Twist, Stick, Cartridges, and Other Types of Packaging), by Material (Plastic, Paper, and Aluminum, and Other Materials), by End-User (Cosmetics and Toiletries, Healthcare and Pharmaceutical, Food, Adhesive, and Other End-user Industries), by Region – Global Share and Forecast to 2030". The global tube packaging market size is expected to grow from USD 12.7 billion in 2021 to USD 20.7 billion by 2030, at a CAGR of 6.3% during the forecast period. The increasing demand for practical and user-friendly dispensing solutions and products from consumers is prompting companies to adopt innovative and attractive packaging solutions. Owing to portability, convenience, and ease of use to hold and dispense liquid or pasty products, as well as excellent barrier properties, tubes are one of the most preferred packaging forms in the cosmetic, personal care, healthcare, and pharmaceutical segment. Moreover, companies like Sanner offer plastic tubes that ensure a high-quality appearance for effervescent plastic tubes. Effervescent plastic tubes are mostly used in pharmaceuticals and nutraceuticals products to protect light, moisture, and breakage.
Global Tube Packaging Market Segmentation
The overall tube packaging market has been segmented into the types of packaging, material, end-users, and region.
- By Types of Packaging (Squeeze, Twist, Stick, Cartridges, and Other Types of Packaging)
- By Material (Plastic, Paper, and Aluminum, and Other Materials)
- By End-User (Cosmetics and Toiletries, Healthcare and Pharmaceutical, Food, Adhesive, and Other End-user Industries)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Plastic, by materials, is estimated to hold the largest market share during the forecast period
Based on method, the global tube packaging market is segregated into plastic, paper, and aluminum, and other materials. The plastic segment generated the highest revenue of 73.2% of the global tube packaging market in 2021. Using plastic tubes in various industries, such as cosmetics, personal care, food, and pharmaceutical, leads to less transportation prices and energy waste. This packaging ensures product safety and prolongs shelf life.
The physical memory of the plastic tube causes it to retain the original shape after each squeeze and maintains a high-end look, another driving factor for the market. Furthermore, major players are shifting to recyclable packaging by using reusable and compostable plastic material to strike a balance between better economics and sustainability.
The Asia Pacific accounts for the largest market share in tube packaging market 2021
Based on the regions, the global tube packaging market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 35% in the global tube packaging market and was anticipated to maintain its dominance throughout the forecast period. According to data from the World Bank, major economies like India and China experienced urban population growth. Rapid urbanization and higher per capita incomes across the region have led to higher expenditure in healthcare, cosmetics that account for a considerable share of tube packaging.
Consumers from countries like India are unwilling to commit for a longer period to any cosmetic brand at the beginning, due to which the market has seen a large number of new brands in the market. Luxury brands in India are experiencing double-digit growth in the mini-sized beauty product segment that the customers are trying at the beginning. The other major driver of the market in the region will be the continued growth of the pharmaceutical industry. India remains a lucrative market for generic R&D and manufacturing of pharmaceuticals, owing to its strong capabilities across the value chain.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the tube packaging market. It also consists of the profiles of leading companies such as Westrock Company, Cpp Global, Amcor Plc, Essel Propack Ltd, CCL Industries Inc., Visipak Inc., Hct Group, Silgan Plastics, Fischbach Kg, CTL - TH Packaging Group SL, Berry Global Inc., Viva Group, Intrapac International Llc, Albéa S.A., Western Container Corporation, and Valk Industries, Inc.
Browse complete report: https://www.marketstatsville.com/tube-packaging-market
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.
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