Strong Growth in the Global Packaging Tubes Market Driven by Sustainability and E-commerce

packaging tubes market
packaging tubes market

The global packaging tubes market is Having a strong compound annual growth rate (CAGR) of 5.0% from 2022 to 2028, it is expected to reach US$ 4.4 billion by 2028 from its predicted US$ 3.2 billion in 2022. According to Future Market Insights (FMI), a comparison and review analysis of market dynamics will be conducted. Important industry variables will be highlighted, along with growing environmental concerns and strict government laws meant to reduce the waste caused by plastic packaging.

Key Market Developments:

Considerable progress has been made in the market, one of which is the development of bioplastics made from biomass sources that are renewable, like vegetable fats and oils, sawdust, straw, and recovered food waste. The notable acquisition of Avery, a horticulture market expert, by CCL Industries Inc. in May 2022.

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:

One key factor fueling market expansion is the pharmaceutical industry’s growing use of tube packaging types. The need for tube packaging solutions has increased due to factors including the increased rivalry between local and multinational brands as well as the introduction of new pharmaceutical companies. These factors have also encouraged creativity in marketing methods.

The aging population and the transition to at-home care have resulted in profitable growth in the global penetration of tubes in the pharmaceutical sector. The market need is further stimulated by the growing preference for laminated tubes, which provide strong barrier protection for pharmaceutical contents and are used to package creams, ointments, and high viscosity goods.

Country-wise Insights:

    1. 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.
    2. 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: 

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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              

    1. Albea S.A.
    2. Essel Propack Ltd.
    3. CCL Industries Inc.
    4. Berry Global Inc.
    5. Ctl-Th Packaging SI
    6. Linhardt GmbH & Co. KG
    7. Montebello Packaging
    8. Huhtamaki Oyj
    9. Interapac International Corporation
    10. Plastube Inc.
    11. Pack-Tubes
    12. Perfektup Ambalaj San. Ve Tic. A.S.
    13. Burhani Group of Industries
    14. Tubapack A.S.
    15. Norway Pack A.S.
    16. Alltub Group
    17. Hoffmann Neopac AG
    18. Tubopress Italia SpA
    19. Lajovic Tuba D.O.O.
    20. 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:       

Nandini Singh Sawlani  

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
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these