Tube Packaging Market - Global Industry Analysis

Tube Packaging Market By Raw Material (Aluminum, Plastic, Others), By Product (Laminated Tube, Extruded Plastic Tube, Aluminium Tube), By Application (Personal Care & Oral Care, Healthcare, Food, Consumer Goods & Others) and By Geography – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Published Date: 09-May-2022 Category: Packaging Report Format : PDF Pages: 166 Report Code: ZMR-814 Status : Published

The global Tube Packaging Market was worth around USD 9.46 billion in 2021 and is estimated to grow to about USD 13.57 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.20 percent over the forecast period.

Description

Tube Packaging Market: Industry Prospective

The global Tube Packaging Market was worth around USD 9.46 billion in 2021 and is estimated to grow to about USD 13.57 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.20 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Tube Packaging Market: Overview

Tube packaging is becoming more popular due to its use in areas such as cosmetics and personal care, healthcare, and food. The personal care sector is expected to expand due to rising consumer awareness of personal health and wellness. Growing concern about personal appearance is driving up demand for personal care products, which will drive up demand for tube packaging solutions.

COVID-19 Impact:

During COVID-19, there appears to be a surge in demand for tube packaging for oral care, food & beverage, and pharmaceutical applications for product packaging. As hospitals, pharmaceuticals, and PPE makers respond to the crisis, the demand for tube packaging in the pharmaceutical business is projected to continue firm. Demand for household cleaning products, healthcare, and medical items is not predicted to fall drastically, and retail distribution of these products via online delivery is expected to expand.

Tube Packaging Market: Growth Drivers

The expansion of the flexible packaging industry.

The expansion of the flexible packaging business is a significant driving force in the tube packaging sector. The economic growth of numerous companies such as cosmetics, toiletries, and medicines significantly impacts the flexible packaging industry. Because of the growing middle-class population in the APAC area, this industry is expected to proliferate in the future years. Emerging markets for flexible packaging include India, China, Saudi Arabia, Russia, and Brazil, which are likely to increase rapidly throughout the projection period.

Global Tube Packaging Market

Tube Packaging Market: Restraints

Government regulations are strict.

Various governments worldwide have enacted rigorous regulations to reduce the impact of trash and its toxic by-products on the environment, flora, and fauna. They have also enacted strict legislation to manage consumer and industrial plastic garbage to decrease the amount of solid waste that accumulates in landfills. Regulatory authorities in the United States and Europe levy fines for non-compliance with norms and acts. Using biodegradable raw materials costs more than conventional raw materials. This raises the production cost, so the packaging industry must keep the price low. As companies' profit margins shrink, this becomes a severe market restraint.

Tube Packaging Market: Segmentation

The global Tube Packaging market is segregated based on raw material, application, product, and geography.

By raw material the market is segmented into three divisions: aluminum, plastic, and others. PE is the most utilized plastic in the production of extruded plastic tubes, as evidenced by the increase in production capacity by important players such as Formosa Plastics and Dow. Furthermore, a variety of plastics, including LDPE, MDPE, LLDPE, and HDPE, are used to manufacture the products.

By product, the market is divided into three categories: laminated tubes, extruded plastic tubes, and aluminum tubes. Laminated tubes are constructed of multiple layers of polymers or other materials that act as a significant barrier to light, moisture, and air, extending the shelf life of packaged goods.

By application, the market is segmented into Personal Care & Oral Care, Healthcare, Food, Consumer Goods, and Others. This can be attributed to growing health and wellness awareness and an increase in demand for natural, chemical-free, and organic products.

The Global Tube Packaging Market is segmented into four regions based on geography: North America, Europe, Asia Pacific, and Oceania

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Tube Packaging Market: Regional Landscape

In 2021, the APAC region is predicted to have the largest share of the Tube packaging market. The market in the region is rising due to an increase in demand for small and innovative packs for cosmetics and oral care applications. India, China, and South Korea are establishing themselves as regional manufacturing powerhouses. Growth in the region is also aided by rising population and disposable income levels.

The Middle East and Africa are likewise well-known for their quick development, with the bulk of the population earning well and being inclined toward materialism. Customers in the area are becoming less brand loyal as a result of the availability of significantly cheaper alternatives.

Tube Packaging Market: Competitive Landscape

Tube packaging is a diversified and competitive market with numerous global rivals but few regional and local businesses. Amcor (Switzerland), Albea Group (France), Essel Propack Limited (India), Hoffman Neopack AG (Switzerland), and Huhtamaki Oyj are some of the market's leading companies (Finland).

The tube Packaging market is segmented as follows:

By Raw Material

  • Aluminium
  • Plastic
  • Others

By Product

  • Laminated Tube
  • Extruded Plastic Tube
  • Aluminum Tube

By Application

  • Personal Care & Oral Care
  • Healthcare
  • Food
  • Consumer Goods
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content


Table Of Figures


Table Of Tables

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.

Global Tube Packaging Market

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.

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FrequentlyAsked Questions

The expansion of the flexible packaging business is a significant driving force in the tube packaging sector. The economic growth of numerous companies such as cosmetics, toiletries, and medicines significantly impact the flexible packaging industry. Because of the growing middle-class population in the APAC area, this industry is expected to proliferate in the future years.

According to the Market Research report, the global Tube Packaging Market was worth about 9.46 (USD billion) in 2021 and is predicted to grow to around 13.57 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 6.20 percent.

The APAC region is predicted to have the largest share of the Tube packaging market. The market in the region is rising due to an increase in demand for small and innovative packs for cosmetics and oral care applications. India, China, and South Korea are establishing themselves as regional manufacturing powerhouses. Growth in the region is also aided by rising population and disposable income levels.

Tube packaging is a diversified and competitive market with numerous global rivals but few regional and local businesses. Amcor (Switzerland), Albea Group (France), Essel Propack Limited (India), Hoffman Neopack AG (Switzerland), and Huhtamaki Oyj are some of the market's leading companies (Finland).

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