Global Squeeze Tube Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Squeeze Tube Packaging Market: Overview
“The global Squeeze Tube Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Squeeze tubes are foldable container commonly made of plastic, which are widely used for packaging applications such as toothpaste, creams, adhesive, paints, caulk, ointments, etc. Squeeze tubes are cylindrical in shape has one end sealed, and other end is enclosed with a cap. The squeeze tubes are majorly used in end use industries such as personal care industry, household goods, pharmaceutical industry, food industry and lubricant industry.
Global Squeeze Tube Packaging Market: Dynamics
Increasing demand for squeeze tube packaging across various end-use industries such as personal care, food, and pharmaceutical, owing to its advantages such as high elasticity, ease of packaging, and reusability is a key factor expected to drive growth of the global market over the forecast period.
In addition, rapidly growing food & beverages and pharmaceutical & personal care industries across the globe is another factor expected to further fuels growth of the target market over the forecast period.
Furthermore, increasing manufacturers focus towards developing environment friendly technologies for tubes production is another factor expected to boost growth of this market in the near future. For instance, Albea developed a Greenleaf tube which is a part of eco-designed Plastic Barrier Laminate tube specifically created to lower the environmental impact versus equivalent offers that result in 34% less carbon footprint impact and achieves sleeve weight reduction by 17%.
Moreover, squeeze tube improves shelf life of the product and reduces packaging cost of the product is another factor expected to support growth of the global market during the forecast period.
However, various government regulations for tube packaging material is a key factor expected to restrain growth of the global market over the forecast period. In addition, availability of substitutes for squeeze tube such as stand up pouches is another factor expected to hamper growth of the target market in the near future.
Increasing preference towards squeeze tubes, as a sustainable form of packaging is expected to create potential revenue opportunities for players operating in the target market over the forecast period. In addition, increasing new product launches and merger and acquisition activities in order to expand geographical footprint and improve product portfolio are some other factors expected to create opportunities for manufacturers operating in this market in the near future.
Global Squeeze Tube Packaging Market: Segment Analysis
On the basis of application, the oral care products segment is expected to register significant growth in terms of revenue over the forecast period, owing to changing consumer’s lifestyle, increasing demand for oral care products, and rising concerns towards oral hygiene.
Global Squeeze Tube Packaging Market: Regional Analysis
The market in Europe is accounted for highest share and is expected to maintain its dominance over the forecast period, owing to increasing demand for personal care products and cosmetics across various countries in the region. The market in Asia Pacific is expected to register fastest growth in terms of revenue over the forecast period, owing to increasing demand for pharmaceutical products and cosmetics across various countries such as China, Japan, South Korea, and India.
Global Squeeze Tube Packaging Market Segmentation:
Segmentation by material type:
Segmentation by application:
- Oral Care
- Beauty & Cosmetics
- Food & Beverages
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amcor Limited
- Essel Propack Limited
- Albea S.A.
- Huhtamäki Oyj
- Berry Global, Inc.
- IntraPac International Corporation
- Montebello Packaging Inc.
- World Wide Packaging LLC
- Maynard & Harris Group Limited
- L. Smith Company
Request for TOC
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
Request for Customization
Don't just take our word. We are trusted by these great companies!