Tube Packaging Market 2019 To Reach USD 8,297.7 Million By 2023 | Competitive Landscape By Amcor, Albea, CCL, Sonoco, Sinclair & Rush, Huhtamaki, Montebello Packaging, World Wide Packaging and Unette

Global Tube Packaging Market by Materials (laminate, plastic, aluminum, and others), by Product (squeeze tubes, twist tubes, and others), Application (personal care, pharmaceuticals, food, consumer goods and others) and Region - forecast 2017-2023.

Some of the major player operating in the global tube packaging market are Amcor Ltd. (Australia), Albea Group (Luxembourg), CCL Industries (Canada), Sonoco Products Company (U.S.), Sinclair & Rush, Inc. (U.S.), Essel Propack Ltd (India), Huhtamaki (Finland), Montebello Packaging (Canada), World Wide Packaging LLC (U.S.), and Unette Corporation (U.S.).

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Market Insights:

Market Research Future (MRFR)’s new study projects that the global tube packaging market is set to expand at a CAGR of 5.79% during the forecast period 2017 to 2023. The value of the global market is estimated to reach USD 8,297.7 Mn by the end of 2023. The thriving personal care industry coupled with the increasing demand for cosmetics is likely to drive the proliferation of the tube packaging market over the assessment period.

The inclination of consumer demand towards convenient, safe, and sustainable packaging has paved the way for the large-scale adoption of tube packaging solutions. Innovation is the key area of focus for the key players who are coming up with constantly evolving packaging solutions to meet the increasing demand. Other factors that are responsible for aiding the proliferation of the tube packaging market are increasing working population, changing lifestyle, rising demand for creative packaging, etc.

The thriving pharmaceutical industry is fueling demand for tube packaging, and the trend is likely to perpetuate in the upcoming years. Packaging plays a crucial role in the growth of the pharmaceutical industry by protecting the drug from infection, sunlight, etc. As per IMS Market Prognosis, USD 956 Bn was spent on medicines in 2011 which is estimated to reach USD 2,890-3,020 Bn by 2023-end. Nevertheless, price volatility of the raw materials is anticipated to hold the growth of the tube packaging market over the next couple of years.

Industry News:

On Nov 23, 2016 Amcor announced an expansion of their flexible packaging platform in the strategically important Northern China region by the acquisition of Hebei Qite Packing Co. Ltd. with USD 28 million. This acquisition will enhance the attractive platform for growth with new and existing customers in the important Northern part of Asia Pacific region

In February 2018, Silgan Dispensing Systems, a global supplier of highly engineered pumps and sprayers for consumer goods, launched Amplify™, the company’s new airless pump on the tube. The product is designed in partnership with Neopac, a global supplier of tube packaging.

In August 2018, LyondellBasell, a leading plastics, chemicals, and refining company, has announced the acquisition of A. Schulman, Inc., a supplier of high-performance plastic compounds, powders and composites.

In August 2018, Kite Packaging Group Ltd. has announced the launch of triangular postal tubes.

Market Segmentation:

By material, the global tube packaging market has been segmented into laminate, plastic, aluminum, and others.

By product, the tube packaging market is segmented into Squeeze tubes, Twist tubes, and others.

By application, the global tube packaging market has been segmented into personal care, pharmaceuticals, food, consumer goods, and others.

Regional Analysis:

The global tube packaging market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is expected to exhibit significant growth during the forecast period. The boom witnessed in the end-user industries such as food, oral care, personal care, and pharmaceutical is likely to drive the growth of the tube packaging market in the region. The increasing demand for sustainable packaging is propelling the expansion of the regional tube packaging market. The trend is forecasted to continue in the foreseeable future.

Asia Pacific is the fastest growing market for tube packaging globally. The growth can be ascribed to the changing consumer behavior pattern that demands convenient packaging. Innovation is the key area of focus for the key manufacturers in the region and endeavors are directed towards innovating product offerings. This, in turn, is expected to augment the tube packaging market in the region. Other factors that are complementing the proliferation of the regional market are changing lifestyle, increasing purchasing power, expansion of the personal care industry, etc.

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Scope of Report

The report for Global Tube Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions

Table of Contents

1 Executive Summary

2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Drivers
4.1.1 Growth in Pharmaceutical Industry
4.1.2 Increase in Demand From Cosmetic Industry
4.1.3 Innovation in Packaging
4.2 Restraints
4.2.1 Fluctuation in Raw Material Prices
4.3 Opportunity
4.3.1 Scope in the Developing Nations
4.3.2 Impact of Packaging

5 Market Factor Analysis
5.1 Porter's Five Forces Analysis
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Rivalry
5.2 Value Chain Analysis

Continued.......

List of Tables

Table 1 Market Synopsis
Table 2 Global Tube Packaging Market, by Product, 2014-2022 (Usd Million)
Table 3 Global Tube Packaging Market, by Product, 2014-2022 (Usd Million)
Table 4 Global Tube Packaging Market, by Application, 2014-2022 (Usd Million)
Table 5 Global Tube Packaging Market, by Region, 2014-2022 (Usd Million)
Table 6 North America: Tube Packaging Market, by Country, 2014-2022 (Usd Million)
Table 7 North America: Tube Market, by Product, 2014-2022 (Usd Million)
Table 8 North America: Tube Market, by Material, 2014-2022 (Usd Million)
Table 9 North America: Tube Packaging Market, by Application, 2014-2022 (Usd Million)
Table 10 U.s.: Tube Packaging Market, by Product, 2014-2022 (Usd Million)

Continued..........

List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers & Restraints Impact Analysis of Global Metal Packaging Market
Figure 4 Global Spending on Medicines, 2011 and 2016, (Usd Billion)
Figure 5 Porter's Five Forces Analysis of Global Tube Packaging Market
Figure 6 Global Tube Packaging Market, by Product, 2015 (in %)
Figure 7 Global Tube Packaging Market, by Product, 2014 to 2022 (Usd Million)
Figure 8 Global Tube Packaging Market, by Product, 2015 (in %)
Figure 9 Global Tube Packaging Market, by Product, 2014 to 2022 (Usd Million)
Figure 10 Global Tube Packaging Market, by Application, 2015 (%)

Continued.........

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