Press release
Tube Packaging Market 2021 Strategic Forecasting – Precise Outlook By 2026
The Tube Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The tube packaging market was valued at USD 8.64 billion in 2019 and is expected to reach USD 12.10 billion by 2025, at a CAGR of 5.46% over the forecast period 2020 - 2025.
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Top Leading Companies of Tube Packaging Market are Amcor PLC, Berry Plastics, Essel Propack Limited, VisiPak Inc., IntraPac International Corporation, CCL Industries, Fischbach KG., Alb-a S.A, Clariant International Ltd., Coveris Holdings SA, CPP Global Holdings Ltd., HCT Packaging Inc., Printpack Inc., Unicep Packaging, Inc., Silgan Holdings Inc., CTL TH Packaging Group SL, Viva Group Inc. and others.
Competitive Landscape:
- March 2018 - Packaging companies, Amcor and SIG, partnered for aluminum sourcing. The collaboration aimed at ensuring the supply chain of aluminum foil meets the statutes of the Aluminum Stewardship Initiative (ASI).
- February 2018 - Berry Global Group, Inc. acquired the Clopay Plastic Products Company, Inc. a subsidiary of Griffon Corporation for USD 475 million in cash on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with the company’s fundamental strategic initiatives.
Key Market Trends:
Plastics to Drive the Market Growth
- Plastic is a prominent material used in tube packaging, due to its low cost, lightweight, flexibility, durability, and other factors. In addition, it is odorless and offers a pleasant appearance.
- As convenience and hygiene are gaining importance across regions, the demand for plastic tubes is propelling, specifically in the cosmetic industry.
- However, over the last decade, the environmental impacts of plastic have resulted in a slowdown of the segment.
Asia-Pacific to Execute a Significant Growth Rate
- The population in Asia-Pacific is increasingly improving its lifestyle and living standards. This factor coupled with the rising trends in cosmetic and pharmaceutical products and awareness for health and hygiene is driving the market in the region.
- Apart from cosmetic demand from the region, Asia-Pacific countries are significantly exporting cosmetic products to the US. According to the International Trade Administration, over 20% of US. global exports are via Asian countries.
- Moreover, the demand for healthcare and hygiene in the country is also high. In China with a population of 1.37 billion, the oral disease has a large burden on the government healthcare system and is an even greater economic burden on individuals. Periodontal diseases are common in India as well. these factors have resulted in an increased demand for toothpaste and other oral care products that use tube packaging.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Tube Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Tube Packaging Market (%),2016 - 2026
- Tube Packaging Market Share, By Brand
- Tube Packaging Market Share, By Company
- Tube Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Tube Packaging Market Value Analysis & Forecast
- Promising Tube Packaging Development by Major Companies
- Detailed Tube Packaging Portfolio of the Major Companies
- Major Deals in the Tube Packaging Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/01091745401/tube-packaging-market-growth-trends-and-forecast-2020-2025?Mode=nm
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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