The global Tube Packaging market size is expected to be worth around US$ 17.11 billion by 2030, according to a new report by Vision Research Reports.
The global Tube Packaging market size was valued at US$ 10.01 billion in 2020 and is anticipated to grow at a CAGR of 6.6% during forecast period 2021 to 2030.
Rising demand from end-use industries including personal care, cosmetics, and is expected to drive the market growth. Higher consumer awareness about health and wellness is expected to increase the demand for anti-tan, anti-aging, sunblocks, and other creams, which, in turn, is expected to drive the market over the forecast period.
Tube packaging has higher applicability in the healthcare industry owing to its ability to maintain optimal packaging conditions to prolong the shelf life of the packaged products. Thus, the ease of applicability and easy dispensability is expected tocontributeto the rising product demand in healthcare applications. Increasing healthcare spending across the globe is expected to drive the pharmaceutical industry.This is expected to augment market growth.
The Covid-19 pandemic is expected to result in economic instability and thus increasing unemployment forthe short term. As per the International Monetary Fund (IMF), over 170 countries across the world witnessed a decline in per capita income in 2020. This changing income pattern is expected to affect the demand for luxurious or high-end cosmetic products, which, in turn, will have a negative impact on themarket growth. The market is highly competitive and moderately fragmentedwith the presence of multiple global and regional players. Domestic players are constantly challenging global companies, in terms of product development and innovation.
the squeeze and collapsible segment dominated the global market with a share of over 71% in 2020. The segment is also expected to register the fastest CAGR from 2021 to 2028 owing to higher product penetration in the end-user industries, such as personal care & oral care and healthcare. The plastic squeeze type is the most prominently used product as it is lightweight, non-breakable, and leakproof. Healthcare and oral care applications majorly use the laminated and aluminum collapsible type. Collapsible tubes do not regain their original shape after the pressure is released hence they are more suitable for the packaging of ointment and creams.
The twist type segment is expected to witness a significant CAGR over the forecast period. These types are majorly used for packaging consumer goods including gums, adhesives, and paints and soft-solid products including glue, balm, and others. Ease of usability and precise dispensing are the key features driving the demand for twist type. Moreover, improved barrier protection and lower storage capacity make it an ideal solution for the packaging of luxury products. However, limited opportunities related to the reusability of the products are expected to hinder the segment growth over the forecast period.
In terms of revenue, laminated tubes dominated the market with a market share exceeding 44% in 2020. The segment will expand further at the fastest CAGR from 2021 to 2028 due to the high demand for laminates as it combines the properties of both plastic and metal, and thereby protects the products from spoilage.
Laminated tubes are produced using several layers of polymers and other materials. These layers act as an excellent barrier to moisture, light, and air, leading to the increased shelf life of the products stored in them. They are generally available in two types, namely Aluminum Barrier Laminate (ABL) and Plastic Barrier Laminate (PBL) tubes. The ABL products use aluminum foil as a barrier and PBL products have multiple layers of plastic foil as a barrier.
In terms of revenue, the plastic tubes segment held the second-largest share of the global tube market and is expected to grow at a steady CAGR over the forecast period. Plastic tubes are majorly produced with the help of extrusion using monomers including LDPE, LLDPE, MDPE, and HDPE. Some tubes are also co-extruded with multiple layers of these monomers. Constant innovations in material development including biodegradable plastics are expected to drive the segment despite stringent government regulations regarding plastic usage and recycling.
The aluminum product segment is expected to witness considerable growth over the forecast period. Aluminum tubes are corrosion-resistant, airtight, and impermeable and thus, provide excellent protection against contamination. However, the material faces certain challenges including high cost and inability to retain shape after usage, which is expected to hinder the segment growth to some extent.
The personal care & oral care application segment accounted for the largest revenue share of over 67% in 2020. Growing awareness regarding health and wellness coupled with higher demand for chemical-free, organic products is expected to drive the segment growth over the forecast period. The increasing geriatric population, especially in the Europe and North America regions, is expected to increase the demand for cosmetic products with anti-aging properties.
The healthcare application segment held the second-largest revenue share in 2020 and is projected to expand at a steady CAGR during the forecast period. The rise in healthcare spending and the presence of prominent pharmaceutical manufacturing companies, such as Pfizer, Inc. and Johnson & Johnson, in North America is expected to drive the product demand over the forecast period. The food application segment is also likely to have significant growth during the forecast period due to high product demand for the packaging of semi-liquid and liquid food products including sauces, ketchup, dressings, creams, salsa, and beverages.
North America dominated the industry with a revenue share of 32.59% in 2020 and is expected to maintain the leading position over the forecast period. The presence of well-established personal care and healthcare industries in the region is responsible for the higher market share. Asia Pacific is projected to be the fastest-growing regional market over the forecast period. Countries like India, China, and South Korea are emerging as manufacturing hubs in the region. The growing population and disposable income levels are also contributing to the region’s growth.
The market participants in Europe are continuously involved in the new product development to match the increasing demand from various end-user industries. For instance, in October 2019, Stora Enso developed paperboard tube packaging for cosmetic products, which is biodegradable, renewable, and an alternative for traditional plastic packaging.
The Middle East & Africa is also known to be fast-developing region, where most of the population is earning well along with being inclined toward consumerism. The consumers in the region are becoming less brand loyal owing to the availability of comparatively cheaper alternatives. This trend defines that demand for various personal care, healthcare, and packaged food products is rising, which will further bolster the market growth.
Essel Propack Limited
Sonoco Products Company
Hoffman Neopac AG
Tube Type Outlook
Squeeze and Collapsible
Personal Care & Oral Care
Central & South America
Middle East & Africa
The Tube Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Tube Packaging market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Tube Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Tube Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Tube Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Tube Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Tube Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Tube Packaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Tube Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Tube Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Tube Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Tube Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Tube Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Tube Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Tube Packaging market. These factors have benefited the growth of the global market for Tube Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Tube Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Tube Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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