Future Tube Packaging Market Landscape Expected to Witness Significant Growth by 2030 – Travel Adventure Cinema

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The overall tube packaging market was rated at $12.7 billion in 2021 and should reach $20.seven billion by 2030registering a CAGR of 6.3% from 20222030. Tubes are one of the most popular packaging formats in the personal care and cosmetics segment. They are primarily attributed to their convenience, portability, and flexibility to hold and dispense a wide variety of products.. Various factors, such as increasing urbanization, growing millennial population, and increasing consumer disposable incomes are major contributors to the growth of the market.. Increase disposable income and increase awareness about the availability of different cosmetic products; thus creating several opportunities for market players and driving the demand for tube packaging significantly.

Laminated tubes currently dominate the market due to their multilayered barrier structure. These tubes improve the preservation of the productlife by providing excellent barrier properties and minimizing the transfer of oxygen and light, providing protection against bacteria, due to which the demand increases. For example, a laminate tube project from Berry Plastics met the high environmental standards of Burt’s Bees, a personal care products company (extension of the pet care range).

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These tubes are used for dog paw and nose relief lotions and include 60% Publishthe consumer recycles the resin (PCR). The company is investing significantly to bring the total amount of PCR to 72% further, depending on the package size. Additionally, Essel Propack, a Virginiabased company, invested in new tooling to manufacture 60mm laminate tube for Unilevers AX brand shower gel, which is expected to increase the demand for laminate tubes during the forecast period.

Global Tube Packaging Market Dynamics

Drivers: Increase in demand from the cosmetics industry

With the rise of varied and personalized beauty products, the demand for effective product packaging has increased.. This can be attributed to the growing awareness of personal care, which has broadened the consumer base of cosmetic products.. Growing demand for cosmetic products in emerging countries and increasing consumer awareness are driving investment from companies developing innovative packaging solutions. Thus, an increase in the demand for cosmetic products is expected to drive the demand for packaging.

Constraints: Regulations in the packaging industry

The increasing use of plastic in cosmetic tube packaging has several adverse effects on the disposal of plastic in the environment. Therefore, the use of plastics has been banned in various sectors. The increasing use of plastic in cosmetic tube packaging has several adverse effects on the disposal of plastic in the environment. Therefore, the use of plastics has been banned in various sectors.

Moreover, it also leads companies to produce sustainable and environment-friendly products.products that comply with standards and regulations. In December 2018, LAGEENTUBES introduced a revolutionary new process for direct digital printing on GREEN plastic tubes. The tubes are made of sugar cane and are fully recyclable.

Report scope

The study classifies the tube packaging market based on packaging types, material and endregional and global users.

By Outlook Packaging Types (Sales, million USD, 20172030)

  • Squeeze
  • Turn
  • To stick on
  • Cartridges
  • Other types of packaging

By Material Perspectives (Sales, million USD, 20172030)

  • Plastic
  • Paper
  • Aluminum
  • Other materials

By EndUser Outlook (Sales, million USD, 20172030)

  • Cosmetics and toiletries
  • Health and pharmaceuticals
  • Food
  • Adhesive
  • Alternate endinguser sectors

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Outlook by region (Sales, million USD, 20172030)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

The compression segment expected to account for the largest market share by packaging type

Based on packaging type, the global tube packaging market is divided into squeeze, twist, glue, cartridge and other packaging types.. In 2021, the squeeze segment accounted for the largest market share of 61.5% in the global tube packaging market. The squeeze tube packaging segment, due to its excellent barrier protection, high elasticity and ease of packaging, has made it the preferred mode of packaging for viscous liquids, such as toothpaste, paint paint, adhesive, putty, pomades and more.. This has resulted in collapsible tubing finding applications through various endsuser industries, such as cosmetics, food and pharmaceuticals, among others.

Squeezable packaging is increasingly adopted in the cosmetics industry. It provides the endusers with easy handling, and users can easily dispense the right amount of cosmetic product, and it ensures that the content of the product can be stable for a longer period of time.

Asia Pacific represents the highest CAGR over the forecast period

On the basis of region, the global tube packaging market has been segmented into North America, AsiaPacific, Europe, South America, Middle East and Africa. Globally, Asia-Pacific is estimated to have the highest CAGR of 7.1% in the Global Tube Packaging Market Over the Forecast Period. The APAC region is experiencing a higher rate of urbanization.

After Asia-Pacific, Europe is the fastestgrowing region with a CAGR of 6.6% during the forecast period. Cosmetics holds a significant share of all tubes produced in Europe. The outlook for this market segment remains good. For example, Le Couvent des Minimes, a French Haute Parfumerie brand, recently launched a new range of laminated and plastic tubes for cosmetics and personal care.. In addition, rising incomes in Eastern European countries and continued improvement in living standards are likely to further increase the demand for cosmetic products..

Main market players

The tube packaging market is slightly concentrated in nature with few global players operating in the market such as Essel Propack Ltd, Westrock Company, Cpp Global, Amcor Plc, Berry Global Inc..CCL Industries Inc..Visipak Inc..Hct Group, Silgan Plastics, Fischbach Kg, CTL TH Packaging Group SL, Viva Group, Western Container Corporation, Intrapac International Llc, Albéa S.A.and Valk Industries, Inc.. Each company follows its business strategy to achieve the maximum market share.

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