USD 10.72 billion
Report ID:
SQMIG15H2040 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
122
|Figures:
77
Tube Packaging Market size was valued at USD 11.51 Billion in 2023 and is poised to grow from USD 12.21 Billion in 2024 to USD 19.49 Billion by 2032, growing at a CAGR of 6.10% during the forecast period (2025-2032).
The purpose of the tube packaging market is to meet the packaging needs of various industries by offering a reliable and functional solution. Tube packaging not only provides an attractive appearance but also offers benefits like easy handling, precise dispensing, and extended shelf life. It serves as a convenient packaging option for consumers and plays a crucial role in product branding and marketing. The driving factors for the tube packaging market is the growing demand for convenient and portable packaging solutions. Consumers are increasingly seeking products that are easy to use and carry, and tube packaging fulfills these requirements. There are significant opportunities in the tube packaging market. Manufacturers can leverage technological advancements to improve production processes, enhance packaging design, and incorporate smart features like tamper-evident closures and anti-counterfeiting measures. The global tube packaging market serves the packaging needs of various industries by offering a versatile and convenient packaging solution. While facing challenges such as environmental concerns and intense competition, the market continues to thrive due to driving factors like growing demand for convenience and the rise of e-commerce. The industry has opportunities for innovation, customization, and sustainable practices to meet the evolving demands of consumers and regulatory requirements.
Global Market Size
USD 10.72 billion
Largest Segment
Squeeze
Fastest Growth
Squeeze
Growth Rate
6.10% CAGR
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Global Tube Packaging Market is segmented by Type, Application, Product and region. Based on Type, the market can be segmented into Squeeze and Collapsible, Twist, Others. Based on Application, the market is segmented into Personal Care & Oral Care, Healthcare, Food & Beverages, Consumer Goods, Others. Based on Product, the market is segmented into Aluminum, Plastic, Laminated, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Tube Packaging Market Analysis by Tube Type
In 2022, the squeeze and collapsible segment dominated the global tube packaging market, accounting for over 71% of the market share. This segment is projected to exhibit the fastest compound annual growth rate (CAGR) from 2023 to 2030, primarily due to its increased adoption in end-user industries such as personal care, oral care, and healthcare. Among the different types of squeeze and collapsible tubes, the plastic squeeze type is the most widely used product. It is favored for its lightweight nature, non-breakable properties, and leak proof design. In the healthcare and oral care sectors, laminated and aluminum collapsible tubes are commonly employed. Collapsible tubes, which do not regain their original shape after pressure is released, are particularly suitable for packaging ointments and creams.
The twist type segment is expected to experience significant growth during the forecast period. These tubes are primarily utilized for packaging consumer goods like gums, adhesives, paints, as well as soft-solid products such as lipsticks, balms, and glues. The demand for twist-type tubes is driven by their ease of use and precise dispensing capabilities. Furthermore, they offer improved barrier protection and require less storage capacity, making them an ideal choice for luxury product packaging. However, the limited opportunities for reusability of twist-type tubes may hinder the growth of this segment in the coming years.
Global Tube Packaging Market Analysis by Product
In 2022, the laminated tubes segment dominated the tube packaging market, capturing a market share of over 44%. This segment is projected to maintain its dominance and exhibit the fastest CAGR from 2023 to 2030. The high demand for laminated tubes can be attributed to their ability to combine the advantageous properties of both plastic and metal. By utilizing multiple layers of polymers and other materials, laminated tubes provide excellent protection to products, safeguarding them from spoilage and extending their shelf life. Laminated tubes are available in two main types: Aluminum Barrier Laminate (ABL) and Plastic Barrier Laminate (PBL). ABL tubes employ aluminum foil as a barrier layer, while PBL tubes utilize multiple layers of plastic foil as a barrier. These laminated structures create effective barriers against moisture, light, and air, ensuring the preservation of the enclosed products.
The plastic tubes segment held the second-largest market share in the global tube packaging market. It is expected to witness steady growth over the forecast period. Plastic tubes are predominantly manufactured through extrusion processes using various monomers such as LDPE, LLDPE, MDPE, and HDPE. Some tubes also feature multiple layers of these monomers through co-extrusion. Ongoing innovations in material development, including the introduction of biodegradable plastics, are anticipated to drive the growth of the plastic tubes segment. stringent government regulations pertaining to plastic usage and recycling pose challenges to this segment.
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North America emerged dominant in the tube packaging industry, holding a revenue share of 34.59%. This region is expected to maintain its leading position throughout the forecast period. The strong presence of well-established personal care and healthcare industries in North America contributes to its higher market share. These industries demand significant quantities of tube packaging for their products, driving the market growth in the region.
Asia Pacific is projected to be the fastest-growing regional market in the tube packaging industry. Countries such as India, China, and South Korea are emerging as manufacturing hubs, attracting investments and witnessing rapid industrial growth. The region benefits from a growing population and increasing disposable income levels, which lead to higher consumer spending. As a result, the demand for tube packaging is rising in various end-user industries, contributing to the growth of the market in Asia Pacific.
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Global Tube Packaging Market Drivers
Growing E-commerce Industry
Increasing Consumer Preference for Convenient Packaging
Global Tube Packaging Market Restraints
Environmental Concerns and Regulations
Cost Considerations
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The global tube packaging market is highly competitive, with numerous companies striving to gain a strong foothold in the industry. The competitive landscape is characterized by the presence of both multinational corporations and regional players, each offering a diverse range of tube packaging solutions to cater to various industries. The competition is driven by factors such as product innovation, quality, cost-effectiveness, customization capabilities, and sustainability. The competitive landscape also includes other significant companies such as CCL Industries Inc., Montebello Packaging, Hoffmann Neopac AG, and many more. As the market evolves, companies are expected to continue investing in research and development, sustainability initiatives, and strategic partnerships to stay competitive and meet the evolving demands of consumers and industries.
Top Player’s Company Profiles in Global Tube Packaging Market
Global Tube Packaging Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global tube packaging market analysis, the rising demand for compact and portable packaging, increasing consumer preference for convenient and user-friendly products, and the need for efficient protection and preservation of goods are the prime growth drivers. Regionwise, North America is dominant while Asia Pacific is in close competition. Growth of the E-commerce industry is also projected to help this market witness numerous growth opportunities in the foreseeable future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 10.72 billion |
Market size value in 2031 | USD 18.37 billion |
Growth Rate | 6.10% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Tube Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tube Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tube Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tube Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15H2040
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