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The global tube packaging market exhibited moderate growth during 2015-2020. Tube packaging refers to cylindrical and hollow containers used for packaging creams, lotions, gels and other thick liquids and solids. They provide the contents with an additional layer of protection from sun, abrasion and breakage. Tube packaging is usually processed through extrusion, slicing, punching and crumping and can be customized with personalized labels, colors and designs to provide a functional and unique product. It is usually manufactured using plastic, aluminum and paperboard and consist of an oval orifice on one end, which is closed using caps or seal-based closures, and the other end is either folded or sealed. As a result, it finds extensive applications across various industries, including personal care, cosmetics, chemical, pharmaceuticals and food and beverage.
The global tube packaging market is primarily being driven by the rising demand for small-sized packaging solutions for personal care and cosmetic products. In line with this, increasing consciousness among the masses regarding the hygiene of the products is also positively impacting the requirement for tube packaging. Due to the multi-layered barrier structure, tube packaging improves the shelf-life of the product and minimizes exposure to oxygen, light, bacteria and other contaminants. Additionally, various product innovations, such as the launch of novel applicators, brushes, sponge heads and pump caps to increase the ease of application and improve the user experience, are acting as other growth-inducing factors. Product manufacturers are also developing sustainable tube packaging solutions produced using reusable and compostable plastic material, thereby favoring the market growth. Other factors, including rapid urbanization, along with increasing expenditure capacities of the consumers, are anticipated to drive the market further. Looking forward, IMARC Group expects the global tube packaging market to grow at a CAGR of around 6% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global tube packaging market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, material type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being ALBEA, Amcor Plc, Berry Global Inc., Clariant AG, EPL Limited, Hoffmann Neopac AG, Huhtamaki OYJ, Montebello Packaging, Romaco Group (Truking Group), Sonoco Products Company and VisiPak (Sinclair & Rush Inc.).
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