Tube Packaging Market by Packaging (Squeeze Tube Packaging, Twist Tube Packaging, Stick Tube Packaging, and Cartridges Tube Packaging), Applications (Cosmetics & Toiletries, Healthcare & Pharmaceutical, Food, Homecare, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

 The global tube packaging market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for innovative packaging solution for cosmetics and food products.

Tubes are usually made from materials such as plastics, aluminum, and paperboard. Creams, lotions, gels and thick liquids are generally stored in tubes. It is a cost-effective way to store cosmetics, medicines, and food products. During the COVID-19 pandemic, the packaging of production decreased due to closedown of manufacturing facilities. However, the demand for tube packaging remain robust in the pharmaceutical industry due to increasing burden on the healthcare sector.                                                                               

 Market Trends, Drivers, Restraints, and Opportunities

• Rising use of packaging in the pharmaceutical industry is estimated to propel the market growth.
• Increasing purchasing power is anticipated to increase the demand for cosmetic products, fueling the market growth.
• The presence of alternative packaging methods can create challenges for the growth of the market.
• Increasing usage of tube packaging in developing countries can provide various opportunities, stimulating the market growth during the forecast period.

Scope of the Report

The report on the global tube packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Tube Packaging Market Segment Insights

Stick segment to hold a significant market share

Based on packaging, the market is divided into squeeze tube packaging, twist tube packaging, stick tube packaging, and cartridges tube packaging. The squeeze tube packaging segment is anticipated to hold a key share of the market in the coming years due to rising demand for flexible packaging solutions. Moreover, this type of packaging is less expensive to manufacture as compared to glass jars and bottles. On the other hand, the stick tube packaging segment is anticipated to expand at a rapid pace during the forecast period.

Aluminum segment is expected to grow at a rapid pace

On the basis of materials, the tube packaging market is segregated into plastics tube packaging, paper tube packaging, and aluminum tube packaging. The paper tube packaging segment is expected to represent a key share of the market in the upcoming years owing to safety and durability, which makes them highly preferable in pharmaceutical, cosmetics, and toiletries industries. However, the aluminum tube packaging segment is anticipated to expand at a rapid pace during the forecast period owing to their recyclability and eco-friendliness.

Healthcare & pharmaceutical segment is expected to grow at a rapid pace

Based on applications, the market is divided into cosmetics & toiletries tube packaging, healthcare & pharmaceutical tube packaging, food tube packaging, and cartridges tube packaging. The cosmetics & toiletries paper tube packaging segment is expected to represent a key share of the market in the upcoming years due to growing demand for innovative packaging solutions. On the other hand, the healthcare & pharmaceutical tube packaging segment is anticipated to expand at a rapid pace during the forecast period. The tube packaging provides safety of product from outside atmosphere.

North America is estimated to account a major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a significant share of the market during the projected period. Wide expansion in term of R&D investment for the development of tube packaging products acts as a major driver of the market growth in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period. The growth of the market in region is attributed to increasing demand for tube packaging in countries such as India and China.

Segments

Segments Covered in the Report

The global tube packaging market has been segmented on the basis of

Packaging

• Squeeze Tube Packaging
• Twist Tube Packaging
• Stick Tube Packaging
• Cartridge Tube packaging

Materials

• Plastic Tube Packaging
• Paper Tube Packaging
• Aluminum Tube Packaging

Applications

• Cosmetics &Toiletries Tube Packaging
• Healthcare &Pharmaceutical Tube Packaging
• Food Tube Packaging
• Homecare Tube Packaging

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Essel Propack Ltd
• VisiPak
• ALEBA
• Sonoco Products Company
• Clariant
• Coveris Holdings SA
• Montebello Packaging
• Huhtamaki OYJ
• Romaco Group
• Unette Corporation
• Berry Global Group, Inc.

Competitive Landscape

Key players competing in the tube packaging market includes Essel Propack Ltd.; VisiPak; ALEBA; Sonoco Products Company; Clariant; Coveris Holdings SA; Montebello Packaging; Huhtamaki OYJ; Romaco Group; Unette Corporation; and Berry Global Group, Inc.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
In March 2018, Amcor and SIG packaging companies joined forces for aluminum sourcing where they aimed to ensure smooth supply chain of aluminum foils to meet the norms of the Aluminum Stewardship Initiative (ASI).