The global tube packaging market is projected to have a considerable CAGR of around 5.9% during the forecast period (2024-2031). The market growth is driven by a growing inclination towards flexible packaging over rigid packaging. Additionally, 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. Furthermore, the market growth is further supported by innovation in the cosmetics industry with the introduction of novel ingredients in cosmetic products, including organic and herbal solutions in cosmetics.
The global tube packaging market is segmented by material type (laminated tubes, aluminum tubes, plastic tubes, and others) and vertical (cosmetic and oral care, food & beverages, pharmaceutical, and others), and geography (North America, Europe, Asia-Pacific, and Rest of the World).
Market Dynamics
- The cosmetic and oral segment held a considerable market owing to the significant rise in the application of various types of tubes such as plastic tubes, and aluminum tubes in the cosmetic industry. The attractive packaging offered by plastic tubes is driving market growth.
- North America is projected to hold a significant share owing to the rising demand for easily moldable tube packaging across the cosmetic and personal care industry and increased per capita consumption in the major countries of the region including the US and Canada.
- Asia-Pacific is projected to hold significant market growth. The regional market is driven by the increasing application of tube packaging in the cosmetic & oral care and food & beverages industry.
- Additionally, the rising income levels and urbanization are promoting the growth of organized retail which led to the demand for innovative and attractive packaging concepts. The rising adoption of flexible packaging is leading to the adoption of plastic tubes in the region.
The key players in the tube packaging 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. The market players are actively adopting different growth strategies such as mergers & acquisitions, capacity expansion, and product innovation among others, contributing significantly to the market growth.
Recent Developments
- In November 2021, EPL and VIcco Labs launched sustainable tube packaging for 'Vicco Turmeric’.
- In May 2023, Stora Enso, Blue Ocean Closures, and AISA developed a paperboard tube with a fiber-based closure. The wood fiber-based concept helps brand owners increase the share of renewable material in the packaging. All components of the tube are designed for recycling. The tube is composed of Stora Enso’s barrier-coated board material Natura Shape and a screw cap designed in collaboration with Blue Ocean Closures with assembly by AISA. The solution contains 85% fiber content. The product is intended for cosmetics and personal care applications.
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