Global Tube Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global tube packaging market in its upcoming report titled, “Global Tube Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global tube packaging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tube packaging market report has been segmented on the basis of type, material, application and region.

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A tube is a referred to a container which is squeezable and applied for the packing of liquids products. Tube packaging is very popular for wide range of products such as pharmaceuticals, cosmetics, toiletries, and many more. Tube packaging helps to prevents quick contamination and breakage of contents. It is easier to use, covers less packaging and shipping costs with longer shelf life and less product waste.

The tube packaging market is expected to increase significantly owing to the factors such as increasing   consumer preference towards convenience, safe, and sustainable packaging. Cosmetics spending is rising year to year. For both cosmetic brands and consumers, tubes are often a preferred packaging solution. Tubes are portable and enable one-handed application, which is more hygienic for the user. In addition, tubes allow to squeeze out every last drop of product, providing a better value. Tubes are also very easy to recycle, which makes them a great choice for environmentally conscious consumers.

Various market players in the pharmaceutical and skin care market are coming up with advanced natural and sophisticated formulations, which has, in turn, created a demand for protective packaging. Multi- layered lamination tubes provide complex formulas with the required protection to prevent the formulation from any contamination. The acting barrier layers in multi-layered laminate tubes are   made from EVOH plastic resin or aluminium. Plastic tube packaging widely uses EVOH as the barrier material in multi-layered tubes and offers benefits such as regaining its original shape even after getting squeezed during transportation.

In addition, increasing concerns towards environment and the necessity to reduce pollution have resulted in innovations of eco-friendly designs with the minimal use of non-biodegradable materials in packaging. Sustainable tube packaging with light weight, less consumable energy and   less required natural resources, are coming up which generates lower carbon dioxide emissions.

Currently, the market in Europe is dominating the tube packaging market. Countries such as UK and Germany are dominating markets in European region. The Asia Pacific market is expected to register highest CAGR owing to increasing population in the developing countries which is counted as the high dominating customer base for cosmetic products.

Global Tube Packaging Market Segmentation:

Segmentation on the basis of type:

• Squeeze tubes
• Twist tubes
• Others (collapsible and cartridge)

Segmentation on the basis of material:

• Laminated
• Aluminum
• Plastics
• Others (paperboard and green material)

Segmentation on the basis of application:

• Cosmetics & oral care
• Food & beverage
• Pharmaceuticals
• Cleaning products
• Others (shoe polish, paints, adhesives, and sealants)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa