Tube Packaging Market Revenues, Profitable Growth & Demand Scenario 2022-2030

 

Tube Packaging Market Key Players

The leading players profiled in the global tube packaging market report include Unette Corporation (U.S.), World Wide Packaging LLC (U.S.), Montebello Packaging (Canada), Huhtamaki (Finland), Essel Propack Ltd (India), Sinclair & Rush, Inc. (U.S.), Sonoco Products Company (U.S.), CCL Industries (Canada), Albea Group (Luxembourg), and Amcor Ltd. (Australia), among others.

Various factors are fuelling the global tube packaging market. As per the recent MRFR market estimates, such factors include the booming pharmaceutical industry, growing demand from the cosmetic industry, innovation in packaging, increasing need in food and healthcare industry, growing consumer awareness about personal health and wellness, growing consciousness about personal appearance, increasing use during COVID-19 crisis, and increasing preference of consumers for sustainable, safe, and convenient packaging.

On the contrary, the volatility in the raw material packaging price may impede the global tube packaging market growth in the forecast period.

Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global tube packaging market based on application, materials, and product.

By material, the global tube packaging market is segmented into aluminum, plastic, laminate, and others. Of these, the laminate segment will lead the market over the forecast period.

By product, the global tube packaging market is segmented into twist tubes, squeeze tubes, and others. Of these, the squeeze tubes will dominate the market over the forecast period.

By application, the global tube packaging market is segmented into consumer goods, food, pharmaceuticals, personal care, and others. Of these, personal care will spearhead the market over the forecast period.

Regional Analysis

By region, the global tube packaging market covers the recent trends and growth opportunities across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, the APAC region will spearhead the market over the forecast period. Manufacturers focusing to launch innovative pack formats, sizes, and functionality, changing lifestyles, increasing purchasing power, growth in oral and skin care & niche categories like baby caregiving and men’s grooming, and South Korea, China, and India emerging as manufacturing hubs are adding to the global tube packaging market growth in the region. Besides, the growing population, the rise in disposable income, the rising middle-class population, and the demand for convenient packaging are also adding to market growth.

In Europe, the tube packaging market is predicted to hold the second-largest share over the forecast period. Innovation of food, pharmaceutical, personal care, and oral care industries with packaging and design, busy lifestyles, growing working population, convenience to carry and use, and constant new product development to cater to the growing need from different end-user industries are adding to the global tube packaging market growth in the region.

In North America, the global tube packaging market is predicted to have healthy growth over the forecast period for the presence of well-established healthcare and personal industries.

In RoW, the global tube packaging market is predicted to have healthy growth over the forecast period.

The global tube packaging market is highly competitive and fragmented with the presence of different well-established international and domestic players. These industry players have used a couple of strategies to stay ahead and also cater to the surging needs of the customers such as partnerships, joint ventures, collaborations, mergers and acquisitions, new product developments, and others.

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