The global packaging tubes market is poised for remarkable growth, estimated at US$ 3.2 billion in 2022 and projected to reach US$ 4.4 billion by 2028, with a robust compound annual growth rate (CAGR) of 5.0% from 2022 to 2028. Future Market Insights (FMI) predicts a comparison and review analysis of market dynamics, highlighting key industry factors and addressing rising environmental concerns and stringent government regulations aimed at minimizing plastic packaging waste.
Key Market Developments:
The market has witnessed significant advancements, including the introduction of bioplastics derived from renewable biomass sources, such as vegetable fats and oils, sawdust, straw, and recycled food waste. Notably, in May 2022, CCL Industries Inc. acquired Avery, a horticulture market specialist.
See the Data in Action: Access Our Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-6859
Driving Forces in the Pharmaceutical Industry:
The pharmaceutical industry’s increasing adoption of tube packaging formats has emerged as a pivotal driver of market growth. Factors such as intensified competition between multinational brands and local players, along with the entry of new pharmaceutical entrants, have fueled innovation in marketing strategies and propelled the demand for tube packaging solutions.
The global penetration of tubes in the pharmaceutical segment has shown lucrative growth, driven by the ageing population and the shift towards home care. Laminated tubes, offering high barrier protection for pharmaceutical contents, are increasingly preferred for packaging creams, ointments, and high viscosity products, further driving market demand.
Country-wise Insights:
- Germany’s Pharmaceutical Market Dynamics: Germany, the largest market for packaging tubes in Western Europe, is expected to witness significant growth, accounting for approximately 20% of the market share by the end of 2022. The country’s robust pharmaceutical industry, which recorded a sales growth of 5.7% in 2019, reaching US$ 52.5 billion (~EUR 46.4 billion), is poised to drive demand for packaging tubes in the pharmaceutical sector.
- India’s Lucrative Market Position: India emerges as one of the most lucrative markets for packaging tubes, globally ranking third after the U.S. and China, with an estimated market share of 12% by the end of 2022. The burgeoning beauty and personal care industry in India, projected to reach US$ 9.5 – 10.5 billion in 2021, is anticipated to bolster the demand for packaging tubes, reflecting a growth rate of 5-6% over the last five years.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/6859
Industry Growth Drivers:
- Sustainable Packaging Initiatives: The increasing global focus on sustainability and environmental conservation is a significant driver for the growth of the packaging tubes market. As consumers and businesses alike prioritize eco-friendly practices, the demand for packaging solutions that are recyclable, biodegradable, and use minimal resources has surged. Packaging tubes, often made from materials like paperboard or other recyclable plastics, align with these sustainability goals, driving their adoption in various industries.
- E-commerce Boom: The rapid growth of e-commerce has created a substantial demand for effective and secure packaging solutions, propelling the packaging tubes market. Packaging tubes provide durability and protection for a wide range of products during transit, reducing the risk of damage. Their cylindrical shape also makes them convenient for shipping and storage, contributing to their popularity in the e-commerce sector.
- Cosmetics and Personal Care Industry Expansion: The cosmetics and personal care industry’s constant innovation and product launches have led to an increased demand for unique and visually appealing packaging. Packaging tubes offer versatility in design, allowing for eye-catching branding and easy dispensing of products like creams, lotions, and gels. The aesthetics and functionality of packaging tubes make them a preferred choice, driving growth within the cosmetics and personal care segment.
- Pharmaceutical and Healthcare Sector Demand: The pharmaceutical and healthcare industries require packaging solutions that ensure product safety, hygiene, and ease of use. Packaging tubes meet these criteria by offering tamper-evident features, precise dispensing capabilities, and protection from external contaminants. As these industries continue to expand, the demand for reliable and efficient packaging solutions, such as tubes, is expected to grow.
- Customization and Branding Opportunities: Packaging tubes provide ample opportunities for customization, allowing brands to create distinctive and memorable packaging for their products. The ability to print vibrant graphics, logos, and product information directly on the tube enhances brand visibility and consumer recognition. This customization capability is a significant driver as companies seek packaging solutions that not only protect their products but also serve as a powerful marketing tool.
Key Companies Profiled
- Albea S.A.
- Essel Propack Ltd.
- CCL Industries Inc.
- Berry Global Inc.
- Ctl-Th Packaging SI
- Linhardt GmbH & Co. KG
- Montebello Packaging
- Huhtamaki Oyj
- Interapac International Corporation
- Plastube Inc.
- Pack-Tubes
- Perfektup Ambalaj San. Ve Tic. A.S.
- Burhani Group of Industries
- Tubapack A.S.
- Norway Pack A.S.
- Alltub Group
- Hoffmann Neopac AG
- Tubopress Italia SpA
- Lajovic Tuba D.O.O.
- Pirlo GmbH & Co. KG
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-6859
Packaging Tubes Market By Category
By product type:
- Laminated Tubes
- Plastic Barrier
- Aluminum Barrier
- Aluminum Tubes
- Plastic Tubes
By capacity:
- Up to 50 ml
- 51 ml to 100 ml
- 101 ml to 150 ml
- Above 150 ml
By closure type:
- Stand-up Caps
- Nozzle Caps
- Fez Caps
- Flip-top Caps
- Others
By end use:
- Cosmetics
- Hair care
- Skin Care
- Others
- Oral Care
- Commercial
- Sealants & Adhesives
- Lubricants
- Others
- Pharmaceuticals
- Home & Personal Care
- Food
- Others
By region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
- Asia Pacific (APAC)
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
