Tube Packaging Market is Booming Market to Grow at Healthy CAGR forecast by 2026

Posted by nileshdbmr on April 13th, 2021

Global tube packaging market is expected to rise from its initial estimated value of USD 7.92 billion in 2018 to an estimated value of USD 13.76 billion by 2026, registering a substantial CAGR in the forecast period of 2020-2026. Tube packaging is a type of a packaging which is used in food &beverages, cosmetic and oral care, pharmaceutical and cleaning products. They are usually in shape of hollow piece, cylindrical and oval.

Key Market Competitors:

Few of the major competitors currently working in the tube packaging market are Amcor Limited, ALBEA, Essel Propack Limited, Huhtamäki, CONSTANTIA, Sonoco Products Company, VisiPak, MONTEBELLO PACKAGING, Unette Corporation, WWP, Hoffmann Neopac AG, CTL Packaging USA, IntraPac International LLC ·,  VIVA Group, Maynard & Harris Plastics, Unicep, ALLTUB and others.

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They are usually used to store gluey liquids. Tube packaging are usually made of materials like aluminium tube, plastic tubes, paper etc. They are available in the sizes between 3ml to 300ml and can be hand out with the hand pressure, Rising demand for small sized packs is the major factor fuelling the market growth.

Segmentation: Global Tube Packaging Market

•          By Type (Squeeze Tubes, Twist Tubes, Stick, Cartridges, Others)
•          By Material Type (Laminated Tubes, Aluminium Tubes, Plastic Tubes, Paper, Others)
•          By Application (Cosmetics & Oral Care, Food &Beverages, Cleaning Products, Pharmaceutical, Others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis:

Global tube packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tube packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Rising prevalence for the small- sized packs in personal care products is driving the growth of this market
•          Technological advancement and development in packaging technology is another factor driving the market
•          Wide applications of packaging technique in different industrial areas is also driving the growth of the market
•          The concern related to hygiene and convenience packaging is emerging which is boosting the demand of plastic tube packaging

Market Restraints:

•          Presence of substitutes is restraining the market growth
•          Strict government rules is restraining the growth of this market