Tube Packaging Market: Tube Packaging Market Developments: Shaping the Future of Packaging

Market Overview:

Tube packaging refers to lightweight, flexible packaging solutions that are used for containing and transporting a variety of products like pharmaceuticals, cosmetics, dental products, and food. Tube packaging provides products protection, tampering evidence, and product shelf life extension.

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Major Players Are:

✤ Albea S.A.
✤ Amcor Limited
✤ Essel Propack Limited
✤ Sonoco Products Company
✤ World Wide Packaging Inc.
✤ Montebello Packaging Inc.
✤ VisiPak Inc.
✤ Intrapac International Corporation
✤ CCL Industries Inc.
✤ Hoffman Neopack AG
✤ Huhtamaki Oyj
✤ CCL Packaging USA

Market Dynamics:

The tube packaging market is witnessing high growth owing to increasing demand from the pharmaceutical industry. Pharmaceutical products such as ointments, gels, and pastes require innovative and convenient packaging solutions, fuelling demand for tube packaging. Additionally, rising health awareness and increasing disposable income in developing countries has also led to growth in OTC drug demand, further contributing to market growth. Moreover, tube packaging offers benefits such as resealability, durability and leak resistance which makes them suitable for containing medicines and creams, thus driving their adoption over alternative packaging solutions.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Regional Analysis for Tube Packaging Market:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Major Drivers of Growth in Demand for Flexible Packaging from Food and Beverage Industry

The food and beverage industry has been the primary consumer of flexible packaging over the past few decades. The demand for packaged and processed food has been steadily rising across the world owing to changing lifestyles and consumers preferring convenience over cooking from scratch. Flexible packages allow easy storage, transportation and consumption of foods and beverages on the go.

Rising Consumption of Packaged and Processed Food

With increasing urbanization and dual income households, people have lesser time for cooking and prefer ready-to-eat packaged foods instead. Even in rural areas, consumption of packaged snacks, fruit juices and dairy products is rising rapidly. Food processing companies are introducing various ready-to-eat products catering to these changing consumption patterns and flexible pouches, bags and tubes are ideal packages for them.

Emphasis on Product Freshness and Longer Shelf Life

Flexible packaging offers excellent barrier properties against moisture, oxygen and other external elements compared to traditional rigid containers. This helps manufacturers extend the shelf life of perishable food products without using chemical preservatives. The freshness of foods packaged in multilayer films, laminates or aluminum foils is retained for a longer duration. Flexible tubes in particular are highly effective for products like pastes, creams and butters.

Growth Potential in Developing Markets

While developed economies have reached saturation in terms of packaged food consumption, developing countries still have significant potential for growth. Rising incomes and expanding retail infrastructure in Asia Pacific, Latin America, Middle East and Africa will further accelerate the adoption of flexible packaging formats. International food companies are setting up manufacturing units in these emerging markets to cater to rising local demand.

Major Restrain for Tube Packaging Market Growth

Environmental Concerns related to Plastic Waste

The major restrain for the global tube packaging market growth is the environmental concerns related to plastic waste generation. Plastic packaging materials like plastic bags, pouches and tubes end up in landfills and oceans causing harm to marine life and environment. There is growing public attention on reducing plastic usage and finding sustainable alternatives to combat plastic pollution.

Stringent Regulations on Single-Use Plastics

Many countries and local governments have imposed bans or restrictions on single-use plastic items to reduce plastic litter. For example, European Union has banned various single-use plastic products from 2021 onwards. Canada and some states in the USA have also put regulations on plastic bags and cutlery. Such measures reduce the demand for plastic tubes as well in the affected regions.

Shift Towards Eco-Friendly and Recyclable Materials

Food producers are under increasing pressure from eco-conscious consumers to use sustainable packaging. They are innovating with packaging made from renewable resources, compostable materials or recyclable plastics. Some manufacturers have introduced paper or aluminum tubes and bottles as alternate options. This gradual shift poses a challenge to conventional plastic tube manufacturers.

Major Opportunity for Tube Packaging Market Growth

Increasing Demand for Tube Packaging in Personal Care and Beauty Industry

The personal care industry including skin care, hair care, cosmetics and oral care has emerged as an important end use sector for flexible tube packaging globally. Lightweight and portable plastic tubes offer ideal solution for product storage, application and transportation convenience desired in this industry.

Growing Sales of Premium Cosmetic Products

With rising incomes, more consumers are willing to splurge on premium cosmetic brands and products. Luxury cosmetic companies are catering to this demand through innovative products packaged in squeezable plastic tubes. Their premium image and brand perception is enhanced through attractive tube packaging and appeal. This trend creates lucrative opportunities for suppliers of premium, customized tubes.

Rising Male Grooming Product Segment

The male grooming products category is gaining prominence worldwide driven by changing social outlook. Advanced formulas for shaving creams, gels, aftershaves etc packaged in branded tubes find widespread resonance among young urban men interested in personal care. Many new entrants are entering this largely untapped market through tube packaging innovation.

Global Tube Packaging Market, By Product Type :
Squeeze Tubes
Twist Tubes
Extruded Tubes
Cartridges
Others
Global Tube Packaging Market, By Material Type :
Aluminum
Plastic
Laminated
Global Tube Packaging Market, By Application:
Oral Care
Beauty & Cosmetics
Food
Healthcare & Pharmaceutical
Adhesives & Sealants

Why Choose This Report:

→» A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
→» Data on market value for each section and sub-segment
→» Indicates the region and market segment that is likely to expand the fastest and dominate the market.
→» The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
→» The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.

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FAQ's

What are the key factors hampering growth of the Tube Packaging Market?
What are the major factors driving the Market growth?
Which is the leading component segment in the Market?
Which are the major players operating in the Market?
Which region will lead the Market?

Table of Content (TOC):

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Tube Packaging Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Tube Packaging Industry Impact

Chapter 2 Global Tube Packaging Competition by Types, Applications, and Top Regions and Countries
2.1 Global Tube Packaging (Volume and Value) by Type
2.3 Global Tube Packaging (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Tube Packaging Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Tube Packaging Market Analysis
Chapter 6 East Asia Tube Packaging Market Analysis
Chapter 7 Europe Tube Packaging Market Analysis
Chapter 8 South Asia Tube Packaging Market Analysis
Chapter 9 Southeast Asia Tube Packaging Market Analysis
Chapter 10 Middle East Tube Packaging Market Analysis
Chapter 11 Africa Tube Packaging Market Analysis
Chapter 12 Oceania Tube Packaging Market Analysis
Chapter 13 South America Tube Packaging Market Analysis
Chapter 14 Company Profiles and Key Figures in Tube Packaging Business
Chapter 15 Global Tube Packaging Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued....

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