Essel Propack, Amcor, Sonoco Packaging, Huhtamaki OYJ, and Consantia Flexibles are the leading players in the global tube packaging market.

The global market size for tube packaging is estimated to reach $11.43 billion by 2022, growing at a CAGR of 7.43%. Increasing demand of packaged food and changing lifestyle, resulting continuous evolution in packaging formats are considered as the major drivers for the global tube packaging market.

View report: Tube Packaging Market - Global Outlook and Forecast 2017 - 2022
https://www.arizton.com/reports/logistics-packaging/tube-packaging-market

The report provides a holistic view of the global tube packaging market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

The market is likely to witness price-based competition

The competitive rivalry among vendors can be termed to be moderate as the demand is expanding, thereby offering significant growth opportunities, especially in the unorganized sector.

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.

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.

The APAC market is likely to have a significant revenue share

The report predicts that the market is expected to witness huge traction in the major regions such as APAC, Europe, North America, and Latin America. The perception of success of tube packaging and its format does depend on the region-specific demographic patterns and consumption habits. APAC is expected to witness the highest growth during the forecast period. Nominal retail value sales and the growing dental hygiene market are among the major factors that are driving the demand for tube packaging in the APAC region. Similarly, the market in Europe is dominated by flexible packaging, and the overall market in the region is anticipated to witness a healthy growth. The tube packaging market in North America is majorly driven by oral care, food, and cosmetics.

View report: Tube Packaging Market - Global Outlook and Forecast 2017 - 2022
https://www.arizton.com/reports/logistics-packaging/tube-packaging-market

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