Press release
Tube Packaging Market May Set Epic Growth Story 2024 - 2031 | Albea S.A., Amcor Limited, Essel Propack Limited
Tube Packaging Market
The tube packaging market is estimated to be valued at USD 11,342.64 Mn in 2024 and is expected to reach USD 18,261.52 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7% from 2024 to 2031.
Market Dynamics:
The tube packaging market is witnessing high growth owing to increasing demand from beauty and cosmetic industry where tube packaging is widely used to pack products like foundations, lipsticks, eye liners, toothpastes and more. According to statistics, the global beauty and personal care market reached $497 billion in 2020 and is estimated to grow at a CAGR of 5% during 2021-2026. Another key driver fueling the tube packaging market growth is increasing usage of custom tube packaging for branding purposes to attract customers and improve sales. However, strong presence of alternative packaging types is restricting the market growth.
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Major Driver: Increasing Demand for Convenient Packaging from Food and Beverage Industry
The food and beverage industry widely utilizes tube packaging solutions for packaging various products like creams, ointments, toothpastes, gels, and liquids. Tube packaging provides convenient packaging and dispensing solution for viscous products from this industry. It protects the product from external environment and contamination while allowing easy squeeze dispensing. Moreover, tubes utilize materials optimally with minimal wastage of the product. Growing health awareness and consumption of packaged food and drinks has been fueling the demand for better packaging from this industry. Tube packaging satisfactorily meets these requirements, thereby witnessing increased popularity.
Major Opportunity: Advancing Digital Printing Technologies
The digital printing technology for packaging is advancing at a rapid pace. It allows incorporating print capabilities like varying designs, colors and textures on-demand cost-effectively and with high speed. Tube packaging manufacturers are embracing digital printing to enhance product differentiation, brand communication and customer engagement. It helps personalize packaging according to consumers' buying behaviors. For example, customized recipes, dosage guides and application tips can be printed on product tubes. Advanced digital printing solutions like multi-color printing without plates and variable data printing open up opportunities for strengthening brand messaging through unique and personalized tubes. With declining costs, digital printing is poised to drive substantial growth in the tube packaging market.
Major Trend: Growing Focus on Sustainable Tube Packaging Materials
Sustainability has transformed into a key trend across packaging industries. Consumers as well as regulatory bodies worldwide are demanding eco-friendlier solutions from manufacturers. Several tube packaging companies are investing in developing sustainable packaging materials and systems. Bioplastics, paperboard and aluminum are gaining traction as sustainable alternatives to petroleum-based plastics. Research on biodegradable polymers, compostable additives and bio-based resins is ongoing. Manufacturers partner with recyclers to boost collection and manage post-consumer tubes waste. Some promote refill pouch systems for reduced packaging usage. Such initiatives help address the plastic waste problem and align with sustainability goals of FMCG giants and personal care brands. Growing focus on sustainable tubes presents new growth contours for market players.
Top Companies Featured in This Report:
★ Albea S.A.
★ Amcor Limited
★ Essel Propack Limited
★ Sonoco Products Company
★ World Wide Packaging Inc.
★ Montebello Packaging Inc.
★ VisiPak Inc.
★ Intrapac International Corporation
★ Hoffman Neopack AG
★ Huhtamaki Oyj
★
★ CCL Packaging USA.
★ Berry Global Inc.
★ Clariant International Ltd.
★ CPP Global Holdings Ltd.
★ BRK Packwell Pvt.Ltd.
★ HCT Packaging Inc.
★ Viva Group Inc
★ CTL - TH Packaging Group SL
★ Romaco Group
★ Hoffman Neopac AG
Market Segmentation:
By Product Type:
★ By Product Type: Squeeze Tubes , Twist Tubes , Extruded Tubes , Cartridges ,and Others
★ By Material Type: Aluminum , Plastic ,and Laminated
By Applications:
★ By Application: Oral Care , Beauty & Cosmetics , Food , Healthcare & Pharmaceutical ,and Others (Adhesives & Sealants, etc.)
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Tube Packaging Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Tube Packaging Market.
• Explore the Tube Packaging Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Tube Packaging Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Tube Packaging Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Tube Packaging Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
Key Questions Answered:
• What was the size of the Tube Packaging Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Tube Packaging Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Tube Packaging Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Tube Packaging Market?
• Which segments of the Tube Packaging Market are in high demand?
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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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…
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