Global Tube Packaging Market Analysis by Size, Share Growth, Demand, Trends & Overview
The?global tube packaging market?is expected to grow at a CAGR of close to 7% during the forecast period. The global tube packaging market is driven by an upsurge in demand for safe packaging. Growing adoption of tube packaging in several industries predominantly in the personal care industry owing to its compact nature is positively impacting the growth of the market during the forecast period. Also, increasing urbanization along with rising disposable income of consumers is further expected to bolster the growth of the market over the next few years.
With the sudden outbreak of the pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different industries such as packaging and cosmetics are also compromised. The global tube packaging market is hit by the pandemic, as the demand is decreased due to lockdowns across major countries in the world.
The global tube packaging market is segmented based on type, material, application, diameter, company, and region. Based on?type, the market can be categorized into squeeze tubes, twist tubes and others. The squeeze tubes segment dominated the market until 2022 and is expected to maintain its leading position in the market during the forecast period as well. This can be ascribed to their excellent barrier like being non-toxic, damage-proof, and hygienic. In addition to this, they are convenient and easy to use, which further influences segmental growth.
In terms of material type, the market is fragmented into laminated tubes, aluminum tubes, plastic tubes, and others. Out of which, the laminated tubes segment is projected to grow at a high CAGR over the next five years on account of its multi-layered barrier structure, which provides excellent barrier properties and also reduces the transfer of oxygen and light.
The major players operating in the tube packaging market are Huhtamaki OYJ, Amcor Ltd., Albea Group, Essel Propack Ltd., Constantia Flexibles, Sonoco Packaging Company, Visipak Inc., Montebello Packaging, Unette Corporation, Worldwide Packaging Inc., Tubapack A.S., Kim Pai Lamitube, Abdos Lamitubes Private Limited, PrimePak Industries Nigeria Ltd, CCL Industries and others. Major companies are adopting organic and inorganic strategies in order to stay competitive in the market such as mergers & acquisitions, partnerships, agreements, collaborations, etc.
The Objective of the Study:
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of the global tube packaging market?using?a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is helpful in providing answers to several critical questions that are important for the industry stakeholders such as?manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute
Details
Base Year
2022
Historical Data
2018?– 2021
Estimated Year
2023
Forecast Period
2024 – 2028
Quantitative Units
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023E-2028F
Report Coverage
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia;
Key companies profiled
Huhtamaki OYJ, Amcor Ltd., Albea Group, Essel Propack Ltd., Constantia Flexibles, Sonoco Packaging Company, Visipak Inc., Montebello Packaging, Unette Corporation, Worldwide Packaging Inc., Tubapack A.S., Kim Pai Lamitube, Abdos Lamitubes Private Limited, PrimePak Industries Nigeria Ltd, CCL Industries.
Customization scope
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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Report Scope:
In this report, the global tube packaging market?has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles:?Detailed analysis of the major companies present in the global tube packaging market.