Businesses can achieve practical and enduring results which are driven by accurate and timely research. Tube Packaging Market report evaluates the growth rate and the market value based on market dynamics and growth inducing factors. It also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the Material and Packaging industry. Global Tube Packaging Market report provides in-depth market data and forecast by analyzing key business trends and identifying potential growth avenues across the entire value chain. This Tube Packaging Market report has been formed with the vigilant efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.
Global tube packaging market is expected to rise from its initial estimated value of USD 7.92 billion in 2018 to an estimated value of USD 13.76 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
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Market Definition: Global Tube Packaging Market
Tube packaging is a type of a packaging which is used in food &beverages, cosmetic and oral care, pharmaceutical and cleaning products. They are usually in shape of hollow piece, cylindrical and oval. They are usually used to store gluey liquids. Tube packaging are usually made of materials like aluminium tube, plastic tubes, paper etc. They are available in the sizes between 3ml to 300ml and can be hand out with the hand pressure, Rising demand for small sized packs is the major factor fuelling the market growth.
- · Rising prevalence for the small- sized packs in personal care products is driving the growth of this market
- · Technological advancement and development in packaging technology is another factor driving the market
- · Wide applications of packaging technique in different industrial areas is also driving the growth of the market
- · The concern related to hygiene and convenience packaging is emerging which is boosting the demand of plastic tube packaging
- · Presence of substitutes is restraining the market growth
- · Strict government rules is restraining the growth of this market
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Segmentation: Global Tube Packaging Market
- By Type
o Squeeze Tubes
o Twist Tubes
- By Material Type
o Laminated Tubes
o Aluminium Tubes
o Plastic Tubes
- By Application
o Cosmetics & Oral Care
o Food &Beverages
o Cleaning Products
Key Developments in the Market:
- · In January 2018, Veery Global, Inc announced the launch of their new Soft Touch laminate tubes. This new tube increases the visual appearance and brand material by lasting the scuff resistant finish. The main aim of the launch is to extend their portfolio in personal care packaging market
- · In January 2015, Vetroplas announced the launch of their new range of tubes packaging Easy Supply Tube with the help of in-mould labelling technology. They have worked for the three years with the CTL/Tuboplast for this tube. This new tube is a combination of matt and gloss finishes, and photographic CMYK images
Global tube packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tube packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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