Tube Packaging Market - Market Size, Trends, Drivers and Forecast 2017-2022

Essel Propack, Amcor, Sonoco Packaging, Huhtamaki OYJ, and Consantia Flexibles are the leading players in the global tube packaging market. The market is likely to reach $11.4 billion by 2022, growing at a CAGR of 7.4% during the period 2016-2022. Packaging innovations and increased investment of FMCG manufacturers due to better brand and health awareness are the prime factors driving the market. While the laminate tubes segment dominates the global tube market, the plastic and aluminum segment is expected to witness a healthy growth. In the end-user segment, the health segment is likely to witness maximum YOY growth.

View report: https://www.arizton.com/reports/logistics-packaging/tube-packaging-market

Major vendors profiled in the report are as following:

Essel Propack
Amcor
Sonoco Packaging
Huhtamaki OYJ
Consantia Flexibles
Other prominent vendors in the market include Albea, VisiPak, Montebello Packaging, Unette Corp., Worldwide Packaging, CTL Packaging, IntraPac International, M&H Plastics, Unicep, and 3D Technopak.

Scope of the Report

The report considers the present scenario of the global tube packaging market and includes a detailed study of several growth drivers, trends, and restraints. It also profiles the leading vendors in the market and other key vendors.

The reported considers the sale of major tube packaging manufacturers. The estimates include the sale of tube packages to both established OEMs and a majority of the unorganized market.

The report provides the analysis of the key segments of the market by material type, end-user, geography, country, and vendors. It also provides a detailed analysis of the market size and revenue forecast. It provides the detailed market revenue of each segment such as:

Material Type

Aluminum
Plastic
Laminates
Others

End Users

Beauty and cosmetic
Pharma and health
Food
Oral care
House care

Major Geography

APAC
Europe
Latin America
MEA
North America

Key Countries

Canada
China
India
Japan
US

Packaging innovations to reinvigorate laminated packaging formats likely to drive the market

The shift from rigid packaging to flexible packaging, constrained margins and optimization of packaging costs by FMCG vendors, packaging innovations to reinvigorate laminated packaging formats are the emerging trends that are likely to drive the market during the forecast period. Further, consumer preferences for variation in pack sizes, rapid growth in demand for beauty and cosmetic products, increased preference for better aesthetics, and reduced oil prices to offer and edge to plastic packaging over paper packaging are the crucial factors that are expected to drive the market during the forecast period.

The oral care segment likely to dominate the market

While the laminates segment is likely to dominate the market, the plastics segment will witness an impressable growth followed by the aluminum and other tube types segment. In the end-user segment, the oral care segment dominates the market with more than 50% of the tube packaging market share. The pharma and health segment and the beauty and cosmetics segment are expected to witness higher growth during the forecasted period. The healthcare segment is expected to witness the highest growth during the forecast period.

View report: https://www.arizton.com/reports/logistics-packaging/tube-packaging-market

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