Mon, 06 Dec 2021

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.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/tube-packaging-market/requestsample

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:

  • Squeeze
  • Twist
  • Stick
  • Cartridges
  • Others

By material, the market is divided into:

By application, the market is divided into:

  • Personal Care and Oral Care
  • Healthcare
  • Food
  • Cleaning Products
  • Consumer Goods
  • Others

By region, the industry is categorised into:

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/tube-packaging-market

Market Trends

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.

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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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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