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Tube Packaging Market Size Synopsis
The driving factors for the growth of the Tube Packaging Market Size are the increasing preference for tube packaging in several consumer products from industry verticals such as cosmetics, pharmaceuticals, and various other household use products. This is attributed to the superior properties offered by tube packagings, such as convenience, safety, and sustainability. The growing population with busy lifestyles, innovation, and creativity in designs, and packaging are increasing the demand for tube packaging. The increasing demand for personal care and cosmetic products is one of the significant factors contributing to market growth over the review period.
Busy lifestyles, demand for convenient, safe, and sustainable packaging, and convenient use are driving the growth of Tube Packaging Market Size. Preference shifting towards personal hygiene and beautification boost the market growth. However, fluctuations in raw material prices restraint the market.
Key Players
Some of the major player 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.), and Unette Corporation (U.S.).
Market Segmentation
By material, the global Tube Packaging Market Size has been segmented into laminate, plastic, aluminum, and others.
By product, the Tube Packaging Market Size is segmented into Squeeze tubes, Twist tubes, and others.
By application, the global Tube Packaging Market Size has been segmented into personal care, pharmaceuticals, food, consumer goods, and others.
Regional Analysis
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific and RoW. Geographically, Europe has always played a key role in the innovation of food, oral care, personal care, and pharmaceutical industries with design and packaging. Busy lifestyles and growing working population as well as convenience to carry and use driving the Tube Packaging Market Size growth.
APAC is expected to witness the highest growth during the forecast period. Manufacturers focus on launching innovative pack formats, sizes, and functionality with leading pack types of squeezable plastic tubes, glass, and PET in response to consumer demand for convenience. The demand for packaged products is increasing in the Asia Pacific region due to the changing lifestyle and the increasing purchasing power. Moreover, growth in oral and skin care and niche categories such as men’s grooming and baby caregiving are adding an advantage to the growth of the market in the Asia Pacific region.
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