The Infinium Global Research analyzes the Tube Packaging Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global tube packaging market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of tube packaging. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the tube packaging market during the period. The global tube packaging market is projected to grow at a CAGR of 5.62% over the forecast period of 2019-2025.
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Innovations in packaging have provided new opportunities for various industries to package and sell their products in different quantities and sizes. By tube packaging, the products are sold in small tubes to use them easily and conveniently. The tube packaging market is highly competitive with a large number of companies in the market competing with each other to retain their position.
Many of the key players in the market including Amcor plc, Berry Global, Inc, CCL Industries Inc., Constantia Flexibles Group, HuhtamäkiOyj, Sonoco Products Company are focusing on research and development activities to manufacture products with better functionalities and quality. Mergers and Acquisition strategies are also been observed in the market. Recently, in July 2018 CCL Industries acquired Trefon Americas, which will fulfill the demand of the plastic films for CCL Industries.
Growing Demand from the Cosmetics And Personal Care Industry for Tubes are Majorly Driving the Tube Packaging Market
The growing demand from the cosmetics and personal care industry for tubes are majorly driving the tube packaging market. Many of the cosmetics and personal care products including face creams, hair gel, shaving cream, skin creams, ointments, toothpaste, and others are all packaged in tubes, which makes them easy to use and convenient to store. Moreover, the superior barrier properties of tube packaging are expanding the growth of the tube packaging market.
Furthermore, rapidly growing urbanization, increasing disposable income and changing the lifestyle of consumers are supporting the demand for tube packaging. The products packaged in tubes are used more by the urban population, who try new products in different forms of packaging. However, the strict regulations on the use of plastics due to growing concern regarding the environment are the major restraining factor for the growth of the tube packaging market. Nevertheless, the increasing demand for safe and sustainable packaging is expected to offer lucrative opportunities for the key players in the tube packaging market.
Europe Generated the Highest Revenue for Tube Packaging, Dominating the Global Market
Geographically, Europe generated the highest revenue for tube packaging, dominating the global market. The largest market share of the European region attributed to the increasing innovations in packaging for various verticals including food, personal care, and pharmaceuticals. Moreover, the high urban population, increasing disposable income and busy lifestyle of the consumers are expected to boost the growth of the tube packaging market in this region.
The report on global tube packaging market covers segments such as type, material, and application. On the basis of type, the sub-markets include squeeze tubes, twist tubes, and other types. On the basis of material, the sub-markets include plastic, paper, aluminum, and other materials. On the basis of application, the sub-markets include personal care, healthcare and pharmaceutical, food, home-care, and other applications.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-tube-packaging-market
The report provides profiles of the companies in the market such as Amcor plc, Berry Global, Inc, CCL Industries Inc., Constantia Flexibles Group, HuhtamäkiOyj, Sonoco Products Company, EsselPropack Ltd, Sinclair & Rush, Inc., Montebello Packaging, World Wide Packaging LLC, and Other Companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the tube packaging.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.