Tube Packaging Market Introduction
Demand for personal care, beauty care, and oral care products is increasing in developing regions such as Asia Pacific and Latin America as well owing to rising hygiene and health awareness among consumers. Further, key vendors are concentrating on capturing larger market share by increasing the number of customers through the introduction of products packed in attractive, convenient, and eco-friendly packages. This allows vendors to differential their product appearance and improves branding and product appeal in the market. In addition, the rising trend of on the go lifestyle is encouraging food producers to offer ready to eat food items in small pack sizes. These factors are expected to present favorable opportunities for vendors operating in the global tube packaging industry.
Fast pace innovations in packaging technologies and designs are boosting the demand for the variety of tube packaging formats across end user verticals. This is driving the global tube packaging market growth worldwide. Additionally, changing consumer buying behavior and preferences for convenient packaging is encouraging end user companies to meet shifting consumer needs. Other factors such as increasing adoption of laminated tubes in the pharmaceutical and cosmetic industry and end user focus to enhance product shelf life is projected to boost the global tube packaging market growth during the forecast period. However, the introduction of stringent government regulation related to the use of plastic and fluctuations in raw material cost is anticipated to have the varying impact of the global tube packaging market size & growth performance.
The global tube packaging market included the various level of segments such as packaging type, applications, end user, and region. Based on packaging type, the tube packaging market has been bifurcated into aluminium tube, laminated tube, plastic tube, and other tubes. By applications, the global tube packaging market is classified into cosmetics & personal care, food, pharmaceuticals, oral care, home care, and other applications. Among these, oral care application segment dominated the overall tube packaging market in terms of revenue in 2018. The end user segment includes large enterprises and small & mid enterprises. Key regions studied in the global tube packaging market are North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, and Middle East & Africa. Of these, Asia Pacific was one of the largest regional markets in 2018 accounted for over 1/3rd of the tube packaging market size. Availability of low-priced raw materials in the region is responsible for market growth.
Tube Packaging Market Competitive Landscape
Major vendors dominating the tube packaging industry are Essel Propack, Sonoco Products Company, Amcor Limited, Huhtamaki OYJ, Consantia Flexibles, VisiPak, Unicep, Albea S.A., Montebello, Unette Corporation, CTL Packaging, IntraPac International Corporation, Worldwide Packaging Inc., M&H Plastics Ltd., and 3D Technopak. Introduction of the tube made from an eco-friendly and flexible material is becoming an emerging trend in the global tube packaging market. Further, key players are focused towards developing advanced packaging products incorporating smart and intelligent packaging technologies to protect the product against counterfeiting.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on tube packaging market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.