LONDON, GREATER LONDON, UNITED KINGDOM,27th Sept 2024 — The tube packaging market has experienced robust growth in recent years, expanding from $11.04 billion in 2023 to $12.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to consumer preferences for convenient and easy-to-use packaging, growing demand for compact packaging within the care and oral care industry, considerable expansion in the packaging industry, novel packaging with superior barrier characteristics, cost-efficiency option.
What Is The Estimated Market Size Of The Global Tube Packaging Market And Its Annual Growth Rate?
The tube packaging market is projected to continue its strong growth, reaching $17.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to shift in end-user attitudes toward ecological packaging, increasing demand for convenience packaging, e-commerce growth, regulations and safety, health and hygiene.
Growth Driver Of The Tube Packaging Market
The growth of the flexible packaging industry is expected to propel the growth of the tube packaging market going forward. Flexible packaging refers to the packaging of products using non-rigid materials. Flexible packaging helps the tube packaging global market to grow by packing consumer and institutional products and in industrial applications, to market, protect, and distribute different products.
Who Are The Leading Competitors In The Tube Packaging Market Share?
Key players in the market include Albea S.A., Amcor Limited, Essel Propack Limited, Sonoco Products Company, World Wide Packaging Inc., Huhtamaki OYJ, Montebello Packaging, Unette Corporation, Romaco Group, Hoffman Neopac AG, CCL Industries Inc., VisiPak Inc., Sinclair & Rush Inc., M&H Plastics, Berry Global Inc., Tuboplast, Constantia Flexibles Group GmbH, AptarGroup Inc., Viva Group, CTL Packaging USA Inc., Maverick Enterprises Inc., Tubex Holding GmbH & Co KG, Pack-Tubes SAS, Alltub SAS, Lajovic Tuba d.o.o., Linhardt GmbH & Co KG.
What Are The Dominant Trends In Tube Packaging Market Growth?
Major companies operating in the market are focused on developing strategic partnerships to drive revenues in the market. Strategic partnerships can help tube packaging companies enhance their product offerings and expand their market reach through collaborative ventures with complementary businesses.
How Is The Global Tube Packaging Market Segmented?
1) By Type: Laminated, Aluminum, Plastic
2) By Type Of Package: Squeeze, Twist, Stick, Cartridges, Other Package Ty Pes
3) By Application: Oral Care, Cosmetics, Food & Beverage, Pharmaceuticals, Cleaning Products, Other Applications
Geographical Insights: North America Leading The Tube Packaging Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Tube Packaging Market Definition
Tube packaging is a cylindrical shape packaging in which the material to be packed is enclosed in various types of materials such as plastic, paper, and aluminum are used for making tube packaging. It is used for packing various gel-like materials such as creams, ointments, gels, and other thick liquids.
Tube Packaging Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global tube packaging market report covering trends, opportunities, strategies, and more
The Tube Packaging Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on tube packaging market size, tube packaging market drivers and trends, tube packaging market major players and tube packaging market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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