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.
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.
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.
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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.
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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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