The tube packaging market is gaining momentum due to factors like growth in flexible packaging industry and increase in demand for small size packs for cosmetic and personal care products. Improved standards of living, coupled with rising disposable income of working middle-class population in emerging economies is expected to drive growth of cosmetics & oral care industry.
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The cosmetics & oral care segment is estimated to dominate application segment of tube packaging market and is projected to be fastest-growing segment during forecast period. Tube packaging market projected to grow at a CAGR of 6.9% during forecast period of 2016 to 2021 and reach USD 9.30 billion by 2021.
Europe dominated market, with a share of 37% in 2015; this market is driven by increasing competition, aggressive pricing, rising consumer spending, excellent barrier properties in tubes and sustainable packaging.
Complete report on Tube Packaging Market spread across 209 Pages, Profiling 11 Companies and supported with 202 Tables and 44 Figures is now available at http://www.rnrmarketresearch.com/tube-packaging-market-by-type-squeeze-tube-twist-tube-application-cosmetics-oral-care-food-beverages-pharmaceuticals-consumer-goods-material-type-laminated-tubes-aluminum-tubes-and-pl-market-report.html .
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The reason behind this is the high disposable income. The European region formed the largest market for tube packaging market, in terms of volume, having accounted for 12 billion tubes in 2014.
Asia-Pacific formed the second-largest market, with a share of 27%. The Asia-Pacific region is projected to be the fastest-growing market for tube packaging from 2015 to 2020.
Based on Product Type:
- Squeeze tubes
- Twist Tubes
- Other Tubes
Based on Material Type:
- Laminated Tubes
- Aluminum Tubes
- Plastic Tubes
- Other tubes
Based on Application:
- Cosmetics & Oral care
- Food & Beverages
- Consumer goods
The market for tube packaging is driven by the growth in the flexible packaging industry along with excellent barrier properties and innovative packaging. The rising population has also encouraged tube packaging market.
High disposable income has enabled the end users to spend more on such type of packaging, which facilitate ease of use.
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Most importantly, the changing mindset of end users has triggered usage of tube in day-to-day life. The global tube packaging market is marked with intense competition due to the presence of a large number of both, big and small firms.
Mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.
Companies such as, Essel Propack(India), Sonoco (U.S.), Huhtamaki OYJ(Finland), and Amcor ltd.(Australia) are some of the prominent companies in tube packaging market.
Click now for more Details, Queries, Other Information and this study “Tube Packaging Market by Type (Squeeze Tube, Twist Tube), Application (Cosmetics & Oral Care, Food & beverages, Pharmaceuticals, Consumer Goods), Material Type (Laminated Tubes, Aluminum Tubes, and Plastic Tubes), & by Region - Trends & Forecasts to 2020” report @ www.rnrmarketresearch.com/contacts/discount?rname=386744 .
This report estimates the market size of the global market in terms of value ($million). In this report, the market is broadly segmented based on product type, material, application, and region.
Market drivers, restraints, challenges, raw material, and product price trends are discussed in detail. Market share, by participant, for the overall tube packaging market is discussed in detail.
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