Summary
Global Tube Packaging Market Size, Development, Analysis, Strategies by Materials (laminate, plastic, aluminum, and others), by Product (squeeze tubes, twist tubes, and others), Application (personal care, pharmaceuticals, food, consumer goods and others) and Region - forecast 2017-2023
Tube Packaging Market Size Overview
The thriving personal care industry coupled with the increasing demand for cosmetics is likely to drive the proliferation of the Tube Packaging Market Size, over the assessment period.
The global Tube Packaging Market Size, is set to expand at a CAGR of 5.79% during the forecast period 2017 to 2023. The value of the global market is estimated to reach USD 8,297.7 Mn by the end of 2023.
Key Players
Key players operating in the global Tube Packaging Market Size, are
- Amcor Ltd. (Australia)
- Albea Group (Luxembourg)
- CCL Industries (Canada)
- Sonoco Products Company (U.S.)
- Sinclair & Rush, Inc. (U.S.)
- Essel Propack Ltd (India)
- Huhtamaki (Finland)
- Montebello Packaging (Canada)
- World Wide Packaging LLC (U.S.)
- Unette Corporation (U.S.).
Industry News
In February 2018, Silgan Dispensing Systems, a global supplier of highly engineered pumps and sprayers for consumer goods, launched Amplify™, the company’s new airless pump on the tube.
In August 2018, Kite Packaging Group Ltd. has announced the launch of triangular postal tubes.
Market Segmentation
By material, the global Tube Packaging Market Size has been segmented into laminate, plastic, aluminum, and others.
By product, the Tube Packaging Market Size, is segmented into Squeeze tubes, Twist tubes, and others.
By application, the global Tube Packaging Market Size, has been segmented into personal care, pharmaceuticals, food, consumer goods, and others.
Regional Analysis
The global Tube Packaging Market Size,, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is expected to witnessess significant growth during the forecast period.The increasing demand for sustainable packaging is propelling the expansion of the regional Tube Packaging Market Size,. The trend is forecasted to continue in the foreseeable future.
Asia Pacific is the fastest growing market for tube packaging globally. The growth can be ascribed to the changing consumer behavior pattern that demands convenient packaging. Innovation is the key area of focus for the key manufacturers in the region and endeavors are directed towards innovating product offerings. This, in turn, is expected to augment the Tube Packaging Market Size, in the region. Other factors that are complementing the proliferation of the regional market are changing lifestyle, increasing purchasing power, expansion of the personal care industry, etc.
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