Beyond 2023: A Look into the Future of the Tube Packaging Market, with Forecasts to 2028

 IMARC Group, a leading market research company, has recently released a report titled “Tube Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global tube packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

 

How Big is the Tube Packaging Market?

The global tube packaging market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

What is Tube Packaging?

Tube packaging is a cylindrical or hollow container employed for packaging creams, gels, lotions, and other thick liquids and solids. They provide the contents with an additional layer of protection from sun, abrasion and breakage. Tube packaging is usually processed through extrusion, slicing, punching and crumping and can be customized with personalized labels, colors and designs to provide a functional and unique product. It is usually manufactured using plastic, aluminum, and paperboard. As a result, it finds expansive applications among numerous industries, including personal care, pharmaceuticals, cosmetics, chemical, food and beverages, etc.

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What are the Growth Prospects and Trends in the Tube Packaging Industry?

The global tube packaging market is primarily driven by the rising demand for small-sized packaging solutions for personal care and cosmetic products. Additionally, the growing consciousness among the consumers regarding the hygiene of the products is positively influencing the demand for tube packaging solutions. Due to the multi-layered barrier structure, tube packaging improves the shelf-life of the product and minimizes exposure to oxygen, light, bacteria and other contaminants. Moreover, several product innovations, such as the launch of novel applicators, brushes, sponge heads, and pump caps, to magnify the ease of application and enhance the user experience, are acting as another growth-inducing factor. Various other factors, including rapid urbanization and escalating expenditure capacities of the consumers, are anticipated to further drive the market growth in the coming years.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Tube Packaging Market?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• ALBEA
• Amcor Plc
• Berry Global Inc.
• Clariant AG
• EPL Limited
• Hoffmann Neopac AG
• Huhtamaki OYJ
• Montebello Packaging
• Romaco Group (Truking Group)
• Sonoco Products Company
• VisiPak (Sinclair & Rush Inc.).

What is Included in Market Segmentation?

The report has categorized the market based on type, material type, application and region.

Breakup by Type:

• Squeeze Tubes
• Twist Tubes
• Others

Analysed by Material Type:

• Plastics
• Paper
• Aluminum
• Others

Based on Application:

• Food and Beverages
• Cosmetics
• Pharmaceuticals
• Cleaning Products
• Others

Regional Analysis:

• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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