Tube Packaging Market - Global Industry Analysis

Table Of Content

Methodology

Free Analysis

A tube is a hollow and cylindrical container in nature and it is used initially to store thick liquids such as ointment, adhesive, caulking and toothpaste. The tube is made up of aluminum, paperboard or plastic. Tubes have ended and these both ends treated differently during the manufacturing and filling process. There is an open oval-shaped orifice at the one end and closed using caps or closures after filling process. The other end of the tube is folded or sealed after addition of contents. Tubes are mainly used in packaging applications. The tube packaging is used in different industries like customized printing, punching, and labeling, crimping, slicing and other fabrication industries.

The global demand for tube packaging market is expected to witness significant growth in the cosmetics & oral care segment application in near future. These segments are expected to have a maximum share in terms of value and volume in the global tube packaging market. Increasing consumer demands, disposable incomes, market competition, aggressive pricing, excellent barrier capability and sustainable packaging, these are the major factor that drives the global tube packaging market. Moreover, packaging industries developed new packaging techniques with the innovative mindset of end-users towards sustainable packaging are tend to boost the market in the forecast period. Rapid growing urbanization and low labor cost accelerate the global market. Irregular raw material prices and tough competition are key restraints for the global tube packaging industry and is expected to hamper the growth during the forecast period.

Tube packaging market is segmented on the basis of type, material type, application, and region. On the basis of type, the market is classified into twist tubes, squeeze tubes and others. Squeeze tubes are expected to fuel On the basis of material type, the market is classified into plastic tubes, aluminum tubes, laminated tubes and others. Laminated tubes have excellent barrier quality and are expected to drive the market in the forecast period. On the basis of application, the market is classified into pharmaceuticals, food and beverages, consumer goods and cosmetics and oral care. Cosmetics and oral care division is anticipated to witness maximum growth with rapid urbanization, increased population, changing lifestyle, etc. Pharmaceuticals application segment was leading to a huge demand in 2017.

The report includes a regional overview for the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2017, Europe was the largest market for the tube packaging followed by the Asia Pacific and North America. Changing lifestyle, rapid urbanization, growing consumer demand and the automotive industry is expected to further boost global market growth. Increasing developmental activities in the Asia Pacific in the generation of tube packaging market for casting application is anticipated to drive the market over the forecast period.

The tube packaging industry remains fragmented, with the presence of a large number of companies. Key players profiled in the report include Essel Propack, Amcor Limited, Albea Group, Montebello Packaging, Worldwide Packaging, Huhtamaki OYJ, Constantia Flexible, Sonoco Product Company, VisiPak ltd, and Unette Corporation among others. The major players are engaged in intense research and development of tube packaging. The key players are taking active measures to develop their products and expand their production capabilities in near future.