Tube Packaging Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global tube packaging market size was worth around USD 8 billion in 2019 and is predicted to grow to around USD 11 billion by 2026 with a compound annual growth rate (CAGR) of roughly 7.5% between 2019 and 2026. The report analyzes the global tube packaging market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the tube packaging market.

The tube packaging market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire tube packaging market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of volume (Kilotons) and value (USD billion) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary CXOs of the global tubes packaging market, the market is estimated to witness a substantial growth of nearly 7.5% over the forecast period.
• The market was valued at USD 8 billion, in 2019 and is expected to be valued at over USD 11 billion by 2026.
• By type segmentation, the squeeze tubes category is expected to contribute the largest market share in the global tube packaging market attributed to the features of squeeze tubes such as it protects the product from bacteria and it provides limited exposure of the content so that it is not affected by the outer atmosphere, and thus increases the shelf-life of the products.
• On the basis of material type segment, the laminated tubes category led the market in 2019 and it is anticipated to grow in the future years attributed to the growing demand for laminated tubes from the pharmaceuticals and cosmetic industry.
• By application analysis, the cosmetics & oral care category accounted for the largest market share in 2019 and it is expected to grow during the forthcoming years owing to increasing demand for cosmetics & oral care products. This growth can be attributed to increasing disposable income and improved standard of living.

Key Recommendations from Analysts

• Our analysts recommend that the Asia Pacific region will dominate the global market for tube packaging owing to the growing demand for innovative and sustainable packaging from emerging countries in this area such as China, India, Japan, etc.
• North America is anticipated to boost the market for tube packaging owing to the increasing number of industries and large demand for innovative cosmetic products in this region.
• Due to the advantages of plastic such as it being lightweight and unbreakable, the plastic tubes category is projected to boost the market.
• Owing to the increasing demand from the food industry and healthcare industry, the food & beverages, and pharmaceuticals category is expected to enhance market growth during the upcoming years.
• Owing to the increasing demand for the various packaging industry, availability of the eco-friendly packaging material, and innovations in the packaging may create numerous opportunities in the market over the forecast period.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the tubes packaging industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the tube packaging industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the tube packaging market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the tube packaging industry. The tube packaging market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the tube packaging sector. Key strategic developments in the tubes packaging market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the tubes packaging market are appropriately highlighted in the report.

The tubes packaging market research report delivers an acute valuation and taxonomy of the tubes packaging industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the tubes packaging industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the tube packaging industry is provided for the leading economies of the world.

Tube packaging is used for the packaging of various materials such as gels, ointments, creams, and packaging of solid materials, and even for the packaging of thick liquids. Packaging prevents content breakage as well as maintains the content quality by giving protection against light, oxygen, etc. It is also to mail different types of products including posters, certificates, bottles, etc.

Tube packaging provides excellent barrier properties. The introduction of innovative packaging techniques and rapid industrialization is driving market growth. Additionally, the increasing use of tube packaging in the pharmaceuticals and cosmetic industry is also driving the market growth. However, global economic changes and fluctuating prices of the raw material required for packaging may restrain the tube packaging industry's growth. On the other hand, growing urbanization and increasing disposable income, growing awareness about the availability of different types of packaging material, including eco-friendly packaging material may create ample opportunities in the market.

The tube packaging market is segmented based on type, material type, application, and region. On the basis of type segmentation, the market is classified into twist tubes, squeeze tubes, and others. By material segmentation, the market is divided into plastic tubes, aluminum tubes, laminated tubes, and others. And by application segmentation, the market is bifurcated into cosmetics & oral care, food & beverages, pharmaceuticals, cleaning types, and others.

Some of the essential players operating in the tubes packaging market, but not restricted to include

• Constantia Flexible
• Sonoco Type Company
• Albea Group
• Montebello Packaging
• Worldwide Packaging
• Essel Propack
• Amcor Limited
• Huhtamaki OYJ
• VisiPak ltd
• Unette Corporation

The taxonomy of the tubes packaging industry by its scope and segmentation is as follows:

Global tube packaging Market: By Type Segmentation Analysis

• Twist Tubes
• Squeeze Tubes
• Others

Global tube packaging Market: By Material Type Segmentation Analysis

• Plastic tubes
• Aluminium tubes
• Laminated tubes
• Others

Global tube packaging Market: By Application Segmentation Analysis

• Cosmetics & Oral Care
• Food & Beverages
• Pharmaceuticals
• Cleaning Types
• Others

Global tubes packaging Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa