Squeeze Tube Packaging Market Current Scenario and Future Growth Analysis by 2027

Squeeze tubes are collapsible container which are widely used for packaging of toothpaste, adhesive, caulk, creams, paints, ointments, etc. Favorable growth of food & beverages and pharmaceutical & personal care industries globally is driving growth of the tube packaging market. According to International Trade Association report, the worldwide market for pharmaceuticals is expected to reach US$ 1.3 trillion by the end of 2020.

Advantages of squeeze tube packaging such as high elasticity and ease of packaging is leading to increasing demand from end-use industries such as personal care, food, and pharmaceutical and this is driving growth of the global squeeze tube packaging market. Squeeze tube packaging manufacturers are focused on developing environment friendly technologies for tubes production. For instance, Albea developed a Greenleaf manufacturing process for laminate tubes that are ultra-light and recyclable which achieves sleeve weight reduction by 17%.

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Government regulations on packaging is negatively impacting the market growth. For instance, The Federal Food, Drug, and Cosmetic Act (the Act) mandates the need for adequate information related to packaging materials and in European Union under Regulation 1935/2004, packaging materials must be authorized by the European Food Safety Authority (EFSA) prior to being placed on the market.

Detailed Segmentation:

Global Squeeze Tube Packaging Market, By Material Type:
Aluminum
Plastic
Laminate

Global Squeeze Tube Packaging Market, By Application:
Oral Care
Beauty & Cosmetics
Pharmaceuticals
Food & Beverages
Others

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Major players operating in the global squeeze tube packaging market includes Amcor Limited, Essel Propack Limited, Albea S.A., Huhtamaki OYJ, Berry Global Inc., Intrapac International Corporation, Montebello Packaging Inc., and Worldwide Packaging Inc., among others.

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