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The tube packaging industry is experiencing dynamic shifts driven by several factors influencing its growth and evolution. Because they are highly versatile and easy to handle, tubes have become very popular throughout the packaging industry. Tube packaging has gained traction owing to versatility because it is widely utilized across various sectors, including the food & beverages industry, among others. The increasing demand for sustainable packaging solutions has been one of the key dynamics shaping this space. A similar desire from beauty product manufacturers for compact yet appealing packages also qualifies as one of these forces in the tube packaging industry. Brands utilize tube packaging to aid in product visibility and marketability on retail shelves. Creams, lotions, and gels are some of the products that can be conveniently carried in tubes due to their portability and ease of use. This has resulted in a rapid increase in demand for personalized, visually appealing tube packaging.
Another crucial factor affecting the trends is improvements made to manufacturing processes used for making tube package materials. There have been advancements in material quality, print technology, and production techniques, driving cost-effective and efficient manufacturing methods within the sector. This is one of the key aspects behind high-quality yet competitive pricing witnessed across this industry. Globalization and international trade are also shaping the dynamics of the tube packaging market. Tubes are very protective and flexible; hence, they are used as means of transportation or as carriers for different products. That created new opportunities for producers of tube packages to enter global markets, thereby expanding their businesses.
Another key driver for the tube packaging market is the pharmaceutical industry. Tubes are considered to be a reliable solution in constant need of safe and tamper-evident packaging for pharmaceutical products. This has driven tube packing industries to develop biodegradable tubes in response to rising awareness about the environmental impacts of plastic and the use of non-renewable materials where bio-degradable materials, papers, and other methods have been used. Bio-plastics are one of the popular raw materials that have recently set their foot in the tube packaging industries. Bio-plastics are not bad for the environment since they are made from agricultural by-products as well as recycled plastics. Manufactured using LDPE or HDPE (Low-Density Polyethylene or High-Density Polyethylene), sugarcane tubes exhibit higher toughness chemical as well as corrosion resistance levels. They can, therefore, be used in tube packaging manufacturing.
Tube Packaging Market Highlights:
Global Tube Packaging Market Overview
The Tube Packaging Market Size was valued at USD 12.96 Billion in 2023. The Tube Packaging industry is projected to grow from USD 13.76 Billion in 2023 to USD 23.11 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period (2024 - 2032). One of the first methods of storing condiments or thick liquids such as toothpaste, paints, adhesives, ointments, culinary sauces, and cosmetics was in tubes. They have been used throughout the history of packaging, and because of their appealing qualities, the market is predicted to expand. Tube packaging is more practical, increases the shelf life of the contents, is flexible, allows for accurate product distribution, and offers extra protection from microbes, air, or sunlight. As consumers become more aware of the need of being sanitary in every aspect, tube packaging has grown significantly in popularity in the flexible packaging industry over time.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Tube Packaging Market Trends
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The growing millennial population will boost the growth of the Market
Tube packaging is a type of packaging that is commonly used for products such as cosmetics, pharmaceuticals, food products, and industrial goods. It consists of a cylindrical tube made of materials such as plastic, aluminum, or paperboard, and it can be customized with various printing and labeling options. Now, regarding the millennial population, they are a large and influential demographic group that currently makes up a significant portion of the global population. As a result, they have significant purchasing power and are known to be interested in products that are sustainable, convenient, and visually appealing. This could potentially drive demand for products that are packaged in tube packaging, especially if those products align with the values and preferences of this demographic.
However, it's also important to consider that the growth of the market is influenced by many other factors, such as the overall demand for the products that are packaged in tubes, the availability and cost of materials, advancements in packaging technology, and the regulatory environment. Therefore, while the growing millennial population may contribute to the growth of the tube packaging market, it's unlikely to be the only factor driving that growth.
Tube Packaging Market Segment Insights
Tube Packaging Material Insights
The market segmentation, based on Material, includes Laminate, Plastic, Aluminum, and Others. The Laminate segment holds the majority share in 2022, contributing to the global Tube Packaging revenue. Due to the popularity of laminates, which combine the benefits of both metal and plastic and shield objects from deterioration.
Tube Packaging Product Insights
Based on Product, the market segmentation includes Squeeze tubes, Twist tubes, and Others. The Squeeze tubes segment dominated the market. due to increased product penetration in end-user sectors including healthcare and personal care & oral care. The most often used product is the plastic squeeze kind since it is portable, durable, and leak-proof. The laminated and aluminum collapsible kinds are mostly used in healthcare and dental care applications. Collapsible tubes are more suited for the packing of lotions and ointments since they do not restore their normal shape when the pressure is removed.
Tube Packaging Application Insights
Based on Application, the market segmentation includes ​​​​​​Personal care, Pharmaceuticals, Food, Consumer goods, and Others. The Personal care segment is the largest segment of the market. The category is anticipated to rise due to rising chemical-free, organic product demand and rising health and well-being consciousness. It is anticipated that the growing elderly population, particularly in Europe and North America, would raise demand for cosmetics with anti-aging qualities.
Figure 2: Tube Packaging Market, by Product, 2022 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Tube Packaging Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America has dominated the market revenue share and is expected to continue the leading position in the forecast period. As there is growth in the production of cosmetics in Asian countries, we can positively expect a rise in the market size in Asian countries. Growth in the population also plays a major role in driving the demand for the market, hence countries such as India, China, and South Korea are emerging as production hubs of tube packaging in the global markets.
European countries are innovative in bringing novel techniques into the packaging industries hence driving the market. They have recently produced biodegradable and renewable packaging methods as an alternative to plastic materials.
Figure 3: TUBE PACKAGING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Tube Packaging Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Tube Packaging industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Tube Packaging industry to benefit customers and expand the market sector. Major market players, including Runlab Labware Manufacturing Co Ltd, Goodway Technologies Corporation, Rakhoh Industries Pvt Ltd, BASCO Inc, Cobey Inc, and others, are attempting to increase market demand by funding R&D initiatives.
Goodway Technologies Corporation is a manufacturing company that specializes in the design, engineering, and production of industrial maintenance equipment for a variety of industries. The company offers a wide range of products for industrial maintenance, including tube-cleaning equipment, industrial vacuums, air duct cleaning systems, descaling systems, and surface sanitation equipment. Their products are designed to be effective, efficient, and easy to use. They also offer custom solutions to meet specific customer needs.
BASCO Inc. is a company that specializes in industrial packaging and shipping supplies. The company offers a wide range of products for industrial packaging and shipping, including drums, barrels, pails, containers, bottles, and boxes. They also provide accessories and equipment, such as pumps, mixers, and pallets. Their products are designed to meet various industry needs, including hazardous material transportation, food-grade storage, and general shipping. It serves a variety of industries, including chemicals, pharmaceuticals, food and beverage, and automotive. Their customers include businesses of all sizes, from small startups to large corporations.
List of the Key Companies in the Tube Packaging market include
- Runlab Labware Manufacturing Co Ltd
- Goodway Technologies Corporation
- Rakhoh Industries Pvt Ltd
- BASCO Inc
- Cobey Inc
- Oy Nordic AC Ltd
- Jiaxing Jinyi Solar Energy Technology Co Ltd
- Sebatibogogo Cylinders & Welding Supply Inc
- Patterson Pump Company
- Columbia Analytical Instruments Inc
Tube Packaging Market Segmentation
Tube Packaging Material Outlook
- Laminate
- Plastic
- Aluminum
- Others
Tube Packaging Product Outlook
- Squeeze tubes
- Twist tubes
- Others
Tube Packaging Application Outlook
- Personal care
- Pharmaceuticals
- Food
- Consumer goods
- Others
Tube Packaging Regional Outlook
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North America
- US
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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