(MENAFN- EIN Presswire)
Tube Packaging market 2024
The Tube Packaging Market is growing due to rising demand for eco-friendly, cost-effective packaging & convenience in personal care, healthcare, & food sectors.
The growth of Tube Packaging Market is driven by factors such increasing population, disposable income, trends & growth in beauty and cosmetic industry, and growing innovation in packaging solutions.” - SNS InsiderAUSTIN, TX, UNITED STATES, November 11, 2024 /EINPresswire / --
The Tube Packaging Market was valued at USD 11.53 billion in 2023 and is expected to reach USD 19.81 billion by 2032, growing at a CAGR of 6.20% from 2024 to 2032.
Driving Factors behind the Expansion of the Tube Packaging Market
There are a number of pushing factors that favours the expansion of tube packaging market. Sustainability is one of the primary drivers of growth, prompting manufacturers to focus on bio-based raw materials like bioplastics, recyclable polyethylene, and laminated tubes. With tighter environmental regulations and growing consumer demand for greener alternatives, brands have been diving first into sustainable packaging solutions.
The increasing personal care and healthcare products are another factor responsible for market growth. In these industries, tubes are especially popular as they protect the integrity of the product, preventing any contamination and making them convenient for consumers. The upsurge in the interest toward the selfcare, beauty regimens, and health management contribute to the large-scale adoption and utilization of tube packaging for the application of creams, ointments, lotions, etc. Tubes offer the advantage of being lightweight, portable, and easy to store, making them ideal for both consumers and businesses looking to optimize packaging.
Get a Sample Report of Tube Packaging Market@
Key Players Listed in Tube Packaging Market Are:
.Hoffman Neopac AG
.Montebello Packaging
.Sonoco Products Company
.Essel Propack Limited
.Romaco Group
.ALBEA
.Huhtamaki OYJ
.Patterson Pump Company
.Cobey Inc
.VisiPak and other players.
.Segment Analysis
By Material:
The laminated tubes segment dominated the market. Laminated tubes are made from a combination of different materials, typically including layers of plastic, aluminum, and other protective coatings. These tubes offer excellent barrier properties, protecting the contents from moisture, air, and light, which helps preserve the quality of sensitive products such as cosmetics, pharmaceuticals, and food. The versatility, durability, and ability to customize laminated tubes for specific applications have made them the preferred choice for manufacturers across multiple industries.
By Application:
The personal care segment dominated the market, primarily driven by the increasing demand for skincare products, cosmetics, and hair care items. Tube packaging is ideal for these applications due to its convenience, ease of use, and ability to maintain product integrity. Tubes are commonly used for items like toothpaste, lotions, face creams, and sunscreens, as they offer precise dispensing and prevent contamination. The rise in consumer awareness regarding self-care and beauty routines, especially among younger generations, is fueling demand for personal care products, thereby driving the need for packaging solutions that are both functional and aesthetically pleasing.
Do you have any specific queries or need customization research on Tube Packaging Market, Enquire Now@
Key Market Segmentation:
By Material
.Plastic
.Aluminium
.Laminate
.Others
By Product Type
.Squeeze Tubes
.Twist Tubes
.Collapsible Tubes
By Application
.Healthcare
.Personal Care
.Food
.Pharmaceuticals
.Others
Buy Now Enterprise-User PDF of Tube Packaging Market Report@
Key Regional Developments:
North America region dominated the tube packaging market, accounted for more than 35.2% of total market share. This is mainly due to the economic development of the region as industries that significantly drive the market include personal care, healthcare and food processing which utilizes tube packaging for a variety of products. Also, the shifting trends toward sustainable packaging solutions in North America have led the region to dominate the Market. A rising number of regional companies are investing in innovative tube packaging technologies that are environmentally friendly & offer recyclability and biodegradability.
Asia Pacific is growing rapidly during the forecast period, because of fast industrialization in China and India. Increasing number of middle class & disposable income in the region and growing awareness towards personal care & Health care products will act as a growth factor for this segment in the region. Also, the further increase the production habitats in Asia is likely to boost volume market of the lower-cost and high-quality packaging solution.
Recent Developments (2023-2024):
.Hoffman Neopac AG: In 2023, PaperX Tube has launched as a sustainable replacement for plastic packaging solutions. The new tube, which is made from 80% FSC-certified paper, cuts plastic use by 46% and reduces the carbon footprint by 24%. This design helps brands that are environmentally friendly while enhancing product protection and durability.
.Sonoco Products Company: In January 2024, Pringles has partnered with Sonoco and Kellanova Europe to launch a new paper-based tube designed for easier recycling. The redesigned packaging replaces the traditional metal bottom with a paper fiber-based bottom, making the entire tube widely recyclable.
Table of Content
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Tube Packaging Market Segmentation, By Material
8. Tube Packaging Market Segmentation, By Product Type
9. Tube Packaging Market Segmentation, By Application
10. Regional Analysis
11. Company Profile
12. Use Cases and Best Practices
13. Conclusion
Need More Insights on Tube Packaging Market, Request an Analyst Call@
About Us:
SNS Insider stands out as a distinguished market research and insights firm, boasting numerous accolades and a sterling reputation for excellence in service and strategy. Serving as your strategic ally, we specialize in reshaping challenges and uncovering solutions to even the most complex business dilemmas. Harnessing the power of expertise and interpersonal connections, we drive profound consumer insights and elevate client experiences. When you engage our services, you embark on a journey with seasoned and adept professionals. We prioritize collaboration with our clients, recognizing the paramount importance of tailoring each project to their unique requirements. After all, nobody comprehends your customers or community better than you do. Hence, our team adeptly crafts the right inquiries that resonate with your audience, ensuring the collection of unparalleled information.
Contact Us:
Akash Anand – Head of Business Development & Strategy
...
Phone: +1-415-230-0044 (US)
Akash Anand
SNS Insider Pvt. Ltd
+1 415-230-0044
...
Visit us on social media:
Facebook
X
LinkedIn
Instagram
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN11112024003118003196ID1108872187