Tube Packaging Market Size Will Hit USD 11 Billion by 2026
According to the report, The global tube packaging market in 2019 was above USD 8 billion. The market is expected to grow around a CAGR of 7.5% and is anticipated to reach over USD 11 billion by 2026.
Tube packaging is used for the packaging of creams, gels, ointments, and even thick liquids. This is also used for the packaging of solid materials. Tube packaging provides protection as well as it prevents the contents from breakage. Due to the various advantages of the plastic tubes, it is holding more varied content as compared to aluminum ones. However, aluminum tubes are also used for the packaging of various materials, and demand for the cardboard tubes is also increasing due to its eco-friendly credentials. The tube closures are available in any shape or size, nowadays tubes packaging is the favorable packaging container for the packaging of many items such as beauty products, pharmaceuticals, food products, household products, etc. The advantages of tube packaging are to store, protect, and mail different types of products including bottles, posters, certificates, etc.
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The tube packaging is used for the packaging of various materials such as gels, ointments, creams, and packaging of solid materials and even for the packaging of the thick liquids. Packaging prevents the content breakage as well as it maintains the content quality by giving protection against light, oxygen, etc. It is also to mail different types of products including posters, certificates, bottles, etc.
Tube packaging provides excellent barrier properties. Introduction of innovative packaging techniques and rapid industrialization is driving the market growth. Additionally, increasing use of tube packaging in the pharmaceuticals and cosmetic industry is also driving the market growth. However, global economical changes and fluctuating prices of the raw material required for packaging, may restraints the tube packaging industry growth. On the other hand, growing urbanization and increasing disposable income, growing awareness about the availability of different types of packaging material, including eco-friendly packaging material may create ample opportunities in the market.
The tubes packaging market is segmented based on type, material type, application and region. On the basis of type segmentation, the market is classified into twist tubes, squeeze tubes and others. By material segmentation, the market is divided into plastic tubes, aluminum tubes, laminated tubes and others. And by application segmentation, the market is bifurcated into cosmetics & oral care, food & beverages, pharmaceuticals, cleaning types, and others.
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Some of the essential players operating in the tubes packaging market, but not restricted to include Constantia Flexible, Sonoco Type Company, Albea Group, Montebello Packaging, Worldwide Packaging, Essel Propack, Amcor Limited, Huhtamaki OYJ, VisiPak ltd, Unette Corporation, and others.
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