Press release
Tube Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
A tube is a hollow and cylindrical container, made up of plastic, aluminum or paperboard and is primarily used for containing viscous liquids such as ointment, toothpaste and adhesive among others. During manufacturing and filling processes, both ends of the tube are treated in a different way. There is an oval orifice on one end of the tube body, which can be closed by caps and closures. The other end is folded or sealed after addition of contents. Tube packaging containers are extruded and customized with printing, labeling, punching, slicing, crimping and other fabrications in order to create a functional and unique package.Some of the key driving factors for tube packaging market are significant growth in packaging industries coupled with innovative packaging and excellent barrier properties and trending mindset of end-users towards sustainable packaging among others. Moreover, this packaging technique has a wide range of application areas in different segments of industry which increases scope of its applications. In addition, there are other geographical drivers which are also responsible for the growth of the market. However, due to presence of large number of manufacturers, the global tube packaging market is witnessing intense competition. Hence, in order to ensure proper growth in the market, major players are likely to adopt certain key strategies in the future, such as mergers and acquisitions, partnerships and expansions among others. Global economic meltdown and packaging raw material price volatility are two major restraints for tube packaging industry.
Get Free Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5354
Global tube packaging market can be broadly classified into different segments based upon materials, applications, product and geography. By material type, this market is segmented into laminated tubes, aluminium tubes, plastic tubes and others. Laminated tubes have excellent barrier property and thus will drive the global tube packaging market even further in the future. There are different application areas of tube packaging, such as cosmetics and oral care, food and beverages, pharmaceuticals and consumer goods. The cosmetics and oral care segment is anticipated to witness huge growth in the future due to improved lifestyle globally, followed by pharmaceutical segment. In terms of product types, the market for global tube packaging is further classified into squeeze tubes, twist tubes and others. Increasing demand for convenient packaging is likely to drive the market for squeeze tubes.
The global tube packaging market is significantly large in Europe and North America, majorly due to increasing per capita income and consumer spending. Currently, Europe is dominating the market in terms of revenue. Moreover, Asia Pacific is expected to be the fastest growing segment. The key factors attributed to the demand for sustainable and innovative packaging in emerging economies, such as China and India among others. Moreover, there has been remarkable transition of end-users’s preference from traditional packaging to innovative packaging in parts of Middle East and Africa, which is eventually helping the market to develop even further in the future.
Some of the prominent players in the market for global tube packaging are Sonoco Products Company (U.S.), Essel Propack (India), Visipak (U.S.), Huhtamaki OYJ (Finland), Amcor Limited (Australia), Albea Group(France), Montebello Packaging (Canada), Unette Corporation (U.S.) and Worldwide Packaging (U.S.) among others.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tube Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023 here
News-ID: 357010 • Views: …
More Releases from Tube Packaging
Japan Tube Packaging In Global Market: Demand, Insights, Analysis, Opportunities …
Researchmoz added Most up-to-date research on "Japan Tube Packaging In Global Market: Demand, Insights, Analysis, Opportunities, Segmentation and Forecast to 2022" to its huge collection of research reports.
The global Tube Packaging market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022.
Japan plays an important role in global market,…
Global Tube Packaging Market Research and Forecast 2015-2019: Featuring Albea Gr …
Albany, NY, Feb 22, 2017: In broader terms, packaging refers to the technology of enclosing a product for the purpose of storage, distribution, sale, and use. Tube packaging comes under the category of flexible packaging. Tube packaging products are made of flexible or easy-yielding materials that can easily change shape based on the nature of the product being packaged. These materials include plastic, aluminum, and paper. These materials undergo a…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
