By 2022, the market for barrier tube packaging will have generated around US$ 11,103.6 million. The net worth of all barrier tube packing equipment expected to be sold globally in 2023 is pegged at around US$ 11,792 million. Market trends study by FMI indicates that the CAGR from 2023 to 2033 is projected to be 6.2%. In addition, if the market continues to grow at this optimistic rate, it is anticipated to reach a value of US$ 21,519.5 million by 2033.
The primary driving forces in the barrier tube packaging market are the rise in hygiene and convenience packaging concerns and the rising need for superior barrier qualities in packaging materials. Growing consumer desire for convenient and innovative packaging has forced manufacturers to innovate novel technologies and products suitable for every end-use industry.
For the packing of viscous liquids like gel, cream, ketchup, etc. tubes are frequently utilized. Since tubes make it easier to utilize a product frequently and effectively, consumers prefer them for items that are used in smaller quantities.
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Volatile products can be carried by barrier tubes. To stop materials from leaking, oxidized producers change the tube’s barrier characteristics. Plastic tubes are frequently used, and producers combine several types of materials to enhance the barrier qualities of tube packing.
Barrier tube packaging is used in a variety of industries, including those that produce food, personal care products, household items, and pharmaceuticals. Due to the low cost of raw materials and the opportunity for the maker to supply products in diverse quantities, tube packing form of packaging is widely preferred by the manufacturers.
Key Manufacturing companies:
- 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.
Key takeaways for the Barrier Tube Packaging Market include:
- Steady Growth: The market has been experiencing consistent growth, with an estimated net worth of approximately US$ 11,792 million in 2023, and a projected CAGR of 6.2% from 2023 to 2033.
- Rising Demand: The increasing demand for barrier tube packaging is driven by its effectiveness in protecting products from moisture, oxygen, and other environmental factors, ensuring product integrity and shelf life.
- Sustainability Focus: Consumers and manufacturers are placing a significant emphasis on sustainable packaging solutions, leading to the development of eco-friendly barrier tube packaging materials and designs.
- Innovation: Ongoing innovations in barrier tube packaging materials and technologies are enhancing their barrier properties, convenience, and aesthetic appeal, further fueling market growth.
- Global Reach: The barrier tube packaging market has a global reach, with a strong presence in various industries such as food and beverages, cosmetics, pharmaceuticals, and more.
- Regulatory Compliance: Stringent regulations and standards regarding packaging materials and environmental impact are influencing packaging choices and driving the adoption of compliant barrier tube packaging solutions.
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Key Segments Covered in the Barrier Tube Packaging Industry Survey
By Type of Material:
- Plastic
- Low-density Polyethylene (LDPE)
- High-density Polyethylene (HDPE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethylene Vinyl Alcohol copolymer (EVOH)
- Metal
- Aluminum
- Tin
By End Use:
- Pharmaceutical industry
- Consumer packaging
- Food packaging
- Personal care
- Construction
- Others (home care, stationery, etc.)
By Geography:
- North America
- Latin America
- Asia Pacific
- The Middle East & Africa
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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