The global market for tube packaging is projected to have considerable CAGR of around 5.9% during the forecast period.  The major factors that propels the tube packaging market include growing inclination towards flexible packaging over rigid packaging is supporting the growth of the global plastic tubes market. Flexible packaging with lamination of the aluminium film is finding a speedy growth in the plastic packaging industry. Along with this, the continuous increase in the demand for plastic tubes in the packaging of cosmetic and food & beverage products is significantly supporting market growth across the globe. Moreover, the market growth is further supported by the innovation in the cosmetics industry with the introduction of novel ingredients in cosmetic products, including organic and herbal solutions in cosmetics. These factors are constantly driving the growth of the cosmetics industry, which in turn, is offering growth to the global tube packaging market. Despite such market driving factors, the environmental concerns associated with plastics is a major factor that impedes global market growth.

 Segmental Outlook  

The global tube packaging market is segmented based on material type and vertical. Based on material type, the market is segmented into laminated tubes, aluminum tubes, plastic tubes and others. The plastic tubes segment is projected to have significant share in the tube packaging market. Plastics tubes are used for the packaging of lubricants, greases and performance synthetic oils for movable high temperature applications such as combustible engines which has liquid properties like low viscosity.The pharmaceutical industry has significant use of plastics tubes as pharmaceutical packaging has an essential contribution in the various end-user application of pharmaceutical manufacturing, contract packaging, retail pharmacies and other.  On the basis of vertical the market is further segregated into cosmetic and oral care, food & beverages, pharmaceutical, and others.

 Global tube packaging Market Share by Vertical, 2019(%)

Global tube packaging market to be driven by cosmetic and oral care vertical

Among vertical, the cosmetic and oral segment held a considerable growth in the market owing to the significant rise in the application of various type of tubes such as plastic tubes, aluminum tubes in cosmetic industry. The plastic tubes deliver attractive packaging solutions in the cosmetic industry as it has properties such as clear, durable, satin-finish, flexible, lightweight, and durability. The cosmetic industry uses plastic as a material of choice for tube packaging that is future used for manufacturing shatterproof and spill-proof bottles, jars, tubes, caps, and closures. The properties of plastic tubes including unbreakable, airtight containers, availability in varied sizes & shapes also contribute majorly to its popularity in the cosmetic industry for packaging purposes. Wide ranges of laminated plastic tubes are available in the market that is designed specially to create ideal solutions in the beauty and cosmetics industry for the product packaging. Plastic tubes offer a broad range of new features such as dispensing systems and various options which aids in enhancing the shelf appeal of cosmetic products.

Regional Outlook 

Geographically, the global tube packaging market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to hold significant share in the global tube packaging market.The key factors that are making a considerable contribution towards the growth of th tube packaging  market in the region include the rising demand of easily moldable tube packaging across the cosmetic and personal care industry in the region along with increased per capita consumption in the major countries of the region including the US and Canada.  Moreover, North America is known to motivate manufacturers of the region to produce a high-end pharmaceutical packaging solution within the region.

Global tube packaging Market Growth, by Region 2020-2026

Asia-Pacific to hold a considerable growth in the global tube packaging market

Geographically, Asia-Pacific is projected to hold a significant market growth in the global tube packaging market. The market is mainly driven by the increasing application of tube packaging in cosmetic & oral care and food & beverages industry in the region. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Apart from those nations, South Korea, Australia, Thailand, and Indonesia will play a major contributor to the market. There is an increasing application of flexible plastic packaging in pharmaceutical, food & beverage and personal care products across the countries, including China and India. Rising income levels, urbanization are promoting the growth of organized retail which led to the demand for innovative and attractive packaging concepts. As per the International Brand Equity Foundation (IBEF), based on the materials used for packaging, polymers would account for the majority of the share in packaging. This rising adoption of flexible packaging is leading the adoption of plastic tubes owing to its durability, cost-effectiveness and ease of use. 

 Market Players Outlook

The key players in the tube packaging market contributing significantly by providing different resin types of products and increasing their geographical presence across the globe. The key players of the market include Albéa Services S.A.S., CCL Industries Corp., Hoffmann Neopac AG, Huhtamäki Oyj, ALLTUB SAS, Amcor PLC, and IntraPac International LLC,  and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global tube packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.