Tube Packaging Market 2022 by Global Key Players, Business Rising Awareness, Financial Plan and Trends by Forecast 2030

0
0

Tube Packaging Market Overview

The thriving personal care industry coupled with the increasing demand for cosmetics is likely to drive the proliferation of the tube packaging market over the assessment period.

The inclination of consumer demand towards convenient, safe, and sustainable packaging has paved the way for the large-scale adoption of tube packaging solutions. Innovation is the key area of focus for the key players who are coming up with constantly evolving packaging solutions to meet the increasing demand. Other factors that are responsible for aiding the proliferation of the tube packaging market are increasing working population, changing lifestyle, rising demand for creative packaging, etc.

The global tube packaging market 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.

Request Free Sample Copy For This Report @ https://www.marketresearchfuture.com/sample_request/1776  

Key Players 

Key players operating in the global tube packaging market 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, LyondellBasell, a leading plastics, chemicals, and refining company, has announced the acquisition of A. Schulman, Inc., a supplier of high-performance plastic compounds, powders and composites.

In August 2018, Kite Packaging Group Ltd. has announced the launch of triangular postal tubes.

Market Segmentation

By material, the global Tube Packaging Market has been segmented into laminate, plastic, aluminum, and others.

By product, the tube packaging market is segmented into Squeeze tubes, Twist tubes, and others.

By application, the global tube packaging market has been segmented into personal care, pharmaceuticals, food, consumer goods, and others.

Growth in the Pharmaceutical Industry

Increasing demand from the pharmaceutical industry have been increasing overall growth in the tube packaging market. The pharmaceutical packaging plays a major role in reducing disease level by protecting the drugs from direct light, moisture, and damage while handling or storing. Because they are cheap, lightweight, flexible, and unbreakable, It is mostly used in pharmaceutical. Polyethylene is the most commonly used material in this packing. According to the IMS Market Prognosis, the global spending on medicine for the year 2011 accounted for USD 956 billion and is estimated to be more than USD 2,890-3,020billion in the forecasted period. The pharmaceutical sector accounted for 20% of spending on medicine in 2011 and is estimated to account for 35% in 2020.

Regional Analysis

The global tube packaging market, 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. 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 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.

Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/tube-packaging-market-1776

Browse Related Reports:

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Showing 1 result
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.