A tube is a hollow and cylindrical container, made up of plastic, aluminum or paperboard and is primarily used for containing viscous liquids such as ointment, toothpaste and adhesive among others. During manufacturing and filling processes, both ends of the tube are treated in a different way. There is an oval orifice on one end of the tube body, which can be closed by caps and closures. The other end is folded or sealed after addition of contents. Tube packaging containers are extruded and customized with printing, labeling, punching, slicing, crimping and other fabrications in order to create a functional and unique package.
Some of the key driving factors for tube
packaging market are significant growth in packaging industries
coupled with innovative packaging and excellent barrier properties and trending
mindset of end-users towards sustainable packaging among others. Moreover, this
packaging technique has a wide range of application areas in different segments
of industry which increases scope of its applications. In addition, there are
other geographical drivers which are also responsible for the growth of the
market. However, due to presence of large number of manufacturers, the global
tube packaging market is witnessing intense competition. Hence, in order to
ensure proper growth in the market, major players are likely to adopt certain
key strategies in the future, such as mergers and acquisitions, partnerships
and expansions among others. Global economic meltdown and packaging raw
material price volatility are two major restraints for tube packaging
industry.
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Global tube packaging market can be broadly classified into
different segments based upon materials, applications, product and geography.
By material type, this market is segmented into laminated tubes, aluminium
tubes, plastic tubes and others. Laminated tubes have excellent barrier
property and thus will drive the global tube packaging market even further in
the future. There are different application areas of tube packaging, such as
cosmetics and oral care, food and beverages, pharmaceuticals and consumer
goods. The cosmetics and oral care segment is anticipated to witness huge
growth in the future due to improved lifestyle globally, followed by
pharmaceutical segment. In terms of product types, the market for global tube
packaging is further classified into squeeze tubes, twist tubes and others.
Increasing demand for convenient packaging is likely to drive the market for
squeeze tubes.
The global tube packaging market is significantly large in
Europe and North America, majorly due to increasing per capita income and
consumer spending. Currently, Europe is dominating the market in terms of
revenue. Moreover, Asia Pacific is expected to be the fastest growing segment.
The key factors attributed to the demand for sustainable and innovative
packaging in emerging economies, such as China and India among others.
Moreover, there has been remarkable transition of end-users’s preference from traditional
packaging to innovative packaging in parts of Middle East and Africa, which is
eventually helping the market to develop even further in the future.
Some of the prominent players in the market for global tube
packaging are Sonoco Products Company (U.S.), Essel Propack (India), Visipak (U.S.),
Huhtamaki OYJ (Finland), Amcor Limited (Australia), Albea Group(France),
Montebello Packaging (Canada), Unette Corporation (U.S.) and Worldwide
Packaging (U.S.) among others.
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The following
regional segments are covered comprehensively:
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