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Tube Packaging Market Worth $9.3 Billion By 2021

According to a research report Tube Packaging Market by Type (Squeeze Tubes, Twist Tubes), Application (Cosmetics & Oral Care, Food & Beverages, Pharmaceuticals, Cleaning Products), Material (Laminated, Aluminum, Plastic), and Region - Global Forecast to 2021, published by MarketsandMarkets™, the Tube Packaging Market size is estimated to grow from $6.65 Billion in 2016 to $9.3 Billion by 2021, at a CAGR of 6.9%.

Download PDF Brochure.

The tube packaging market is projected to witness significant growth in the next few years with the increasing demand from the cosmetics industry for tube packaging as tubes protect cosmetic products from bacteria; in addition, squeeze tubes limit the exposure of the content to the outer atmosphere, thus increasing the shelf-life of the products.

Cosmetics & Oral Care Gain Maximum Traction During The Forecast Period

The cosmetics & oral care segment dominated the market in 2015 and is projected to be the fastest-growing end-user sector in the next five years, as a result of the increase in demand for innovative packaging in various industries, which drives the market for tube packaging. Tube packaging is re-closable, non-reactive, allows for easy dispensing, and is available in small packages.

Laminated Segment To Grow At Highest Rate

The laminated segment is projected to grow at the highest CAGR during the forecast period, as a result of the increase in demand for packaging with excellent barrier protection, which is essential for packaging pharmaceutical products. Laminated tubes also minimize the transfer of oxygen and light, thus protecting the substance, which also drives the demand for laminated tubes.

European Region Accounts For Largest Market Share

The UK contributes a major market share in the European tube packaging market. The demand for convenient, safe, and sustainable packaging will drive the market for tube packaging in the UK. Europe is a developed region; with busy lifestyles and growing working population, the demand for convenience and on-the-go food is high, which is driving the market for tube packaging.

The Major Players In The Tube Packaging Market

Include Amcor ltd. (Australia), Albea Group (France), Huhtamaki OYJ (Finland),Constantia Flexible (Austria), Sonoco Product Company (US), VisiPak ltd (US), Essel Propack Ltd (India), Montebello packaging (Canada), and Unette Corporation (US).

Related Reports:

* Stand-Up Pouches Market by Type (Aseptic, Standard, Retort, Hot-filled), Form (Round Bottom, Rollstock, K-Style, Plow/Folded Bottom, Flat Bottom), Closure Type (Top Notch, Zipper, Spout), Application, and Region - Global Forecast to 2023

* Medical Packaging Market by Material (Polymer, Non-woven Fabric, Paper & Paperboard), Packaging Type (Bags & Pouches, Trays, Boxes), Application (Medical Equipment & Tools, Medical Devices, Implants, IVDs), Packing Type, and Region - Forecast to 2022

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Previously in markets:

* Global Chewing Gum Market On Fire.

* Global Chainsaw Market On Fire.

* Automatic Labeling Machine Market On Fire.

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Comments welcome.



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Posted on July 22, 2019


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