The market for barrier tube packaging generated US$ 11,103.6 Million in 2022 and is anticipated to grow at a CAGR of 6.2% to reach US$ 20,263.3 Million by 2032.
The main drivers propelling the barrier tube packaging market are the rise in hygiene and convenience packaging concerns as well as the requirement for superior barrier qualities in packaging materials. Manufacturers have been forced by the growing need for convenient and inventive packaging to develop novel technologies and products that are suitable for all end markets.
Get a Sample PDF of the Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-3737
Barrier Tube Packaging Market: Market Dynamics
The need of making packaging more user-friendly has led to the evolution of tube packaging. Barrier tube packaging is co-related to the flexible packaging market. Flexible packaging is estimated to be about US$ 238 billion and is expected to grow at a CAGR of 5.2% over the forecast period. On the backdrop of the convenience offered by the tube packaging the use of the tubes for packaging of viscous fluids influences the barrier tube packaging market. The need for improving the shelf life and efficiency in the usage of products has widened the area of application for barrier tubes.
The ability of barrier tube to provide protection against moisture, light, heat, etc. is an important factor contributing to the growth of the barrier tube packaging market. However, the inability of the barrier tubes to offer bulk packaging can limit the growth in barrier tube packaging market. Moreover, the presence of substitutes of barrier tube packaging such as stand up pouches which are as cheap and efficient as barrier tube for utilization of viscous fluids can hamper the barrier tube packaging market.
The rising concern of the regulatory authorities on the backdrop of increasing plastic waste can resist the growth of the barrier tube packaging market. However being a sustainable form of packaging can open new opportunities for barrier tube packaging market over the forecast period.
North America is expected to lead the barrier tube packaging market over the forecast period due to the barrier tube packaging being aligned with the consumption pattern in the region. Latin America and APEJ region is expected to exhibit rapid growth for the barrier tube packaging market owing to the changing lifestyle of the consumers in the region. Western Europe and Japan region is anticipated to contribute the significant amount of revenue for barrier tube packaging market attributing to the significant per capita expense on the packaging. While the demand for barrier tube packaging market in Eastern Europe and MEA region is expected to be sluggish.
Barrier Tube Packaging Market – Key Players:
Some major players of the barrier tube packaging market are Essel Propack Limited, Ampac Holdings, LLC, Montebello Packaging, Viva IML Tubes, Uflex Limited, Tubapack, a.s., IntraPac International Corporation, Tekni-Plex, Inc., Skypack India Pvt Ltd, Guangzhou Amy Plastic Tube Co., Ltd., Shenzhen Unique Pack Products Co., Ltd., Yangzhou Zhongjidingsheng Trading Co., Ltd., Rego Packing Industry Co., Ltd., Nantong YouRong Equipment Co., Ltd., etc.
Have burning questions? Get answers from our analyst today! https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-3737
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
Tailor-Made for You – Customize and Order! https://www.futuremarketinsights.com/customization-available/rep-gb-3737
Barrier Tube Packaging Market: Market Segmentation
Barrier tube packaging market can be segmented by the types of materials used and end-use industry.
Based on the types of materials used, barrier tube packaging market can be segmented into:
- Plastic
- LDPE
- HDPE
- PP
- PA
- EVOH
- Metal
- Aluminum
- Tin
Based on the end use industry barrier tube packaging market can be segmented into:
- Pharmaceutical industry
- Consumer packaging
- Food packaging
- Personal care
- Construction
- Others (home care, stationery, etc.)
Regionally global barrier tube packaging market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
