The tube packaging is expected to grow significantly in the coming years. The major factors driving growth of the market include, increasing cosmetics spending and emergence of multi-layered laminated tubes. In addition, increasing demand of sustainable packaging is another factor that is expected to fuel growth of the global tube packaging market.
The global tube packaging market report has been segmented on the basis of type, material, application and region.
On the basis of type, the global tube packaging market is segmented into squeeze tubes, twist tubes and other (collapsible and cartridge). In terms of revenue, the squeeze tubes segment is expected to dominate during the forecast period owing to barrier properties such as damage proof, non-toxic, and hygienic. In addition, they are convenient and easy-to-use.
On the basis of application, the global tube packaging market is segmented into cosmetics & oral care, food & beverage, pharmaceuticals, cleaning products and others (shoe polish, paints, adhesives, and sealants). The cosmetics & oral care segment is expected to grow at the highest CAGR during the forecast period. The major driving factor are rising standards of living. In addition, rising disposable income of the working middle-class population in emerging economies.
On the basis of material, the global tube packaging market is segmented into laminated, aluminium, plastics and others (paperboard and green material). The laminated tubes segment is expected to grow at the highest rate during the forecast period owing to multi-layered barrier structure, which provides excellent barrier properties and minimizes the transfer of oxygen and light.
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The market in Europe currently dominates the global tube packaging market. The market in countries such as UK and Germany dominates Europe tube packaging market. The Asia Pacific market is expected to register highest CAGR owing to increasing population in the developing countries and growing consumer preference in various countries in the region.
The key players included in the global tube packaging market include, Amcor ltd., Albéa group, Huhtamäki Oyj, Constantia Flexible, Sonoco Product Company, VisiPak ltd., Essel Propack Ltd, Montebello Packaging, Unette Corporation and M&H Plastics Ltd.