Tube Packaging Market is projected to reach USD 1,584.0 million by 2027

Tube Packaging Market Definition+ Overview

A tube is a hollow, cylindrical pipe made of rubber, aluminum, or paperboard that is mainly used to hold viscous liquids like ointment, toothpaste, and adhesive. Both ends of the tube are handled differently during the assembly and loading processes. Tubes are one of the most widely used packaging formats in the cosmetics and personal care industry, owing to their ease, portability, and ability to accommodate and dispense a wide range of items.

The global Tube Packaging market was valued at USD 1,266.7 million in 2020 and is projected to reach USD 1,584.0 million by 2027, exhibiting a CAGR of 2.9% during the forecast period.The primary driver for the tube packaging market is expected to be rising demand for these forms of packaging from application industries such as cosmetics and personal care, healthcare, and food. Consumer understanding of personal wellbeing and wellbeing is considered to be a driving force behind the personal care market's expansion.

Tube Packaging Market DORC+ Recent News

Driver-   Growth of the flexible packaging industry

The rise of numerous industries such as cosmetics, toiletries, and pharmaceuticals has a significant impact on the flexible packaging industry. Due to the growing middle-class population in the APAC area, this Tube packaging industry is expected to expand dramatically in the coming years.

Restraint: Federal controls are strict.

For the sake of the climate, flora, and fauna, governments in different countries have enacted strict laws to reduce the effects of waste and its toxic by-products. To limit solid waste accumulation in landfills, they have also enacted stringent rules for the disposal of household and industrial plastic waste which is hindering the Tube packaging market growth.

Opportunity-Growth of bio plastic-based packaging

Plastics made from organic biomass sources such as vegetable fats and oils, corn starch, grass, woodchips, sawdust, and recycled food waste are known as bio plastics. Agricultural by-products and recycled plastics can also be used to make bio plastic , bio plastics-based tube packaging items offer the tube packaging industry a significant growth potential over the forecast period.

1. In February 2021, Hoffman Neopack AG introduced a lighter plastic tube solution that uses up to 30% fewer virgin materials. This tube is the newest addition to the company's EcoDesign series of environmentally friendly tubes. It aligns with the packaging industry's vision to reduce carbon footprint and materials waste.
2. In January 2020, Albea Group has started construction of a new facility in Huai’an, Jiangsu province, north of Shanghai, China. The expansion will include the production of new injection, decoration, and assembly equipment to satisfy the increasing demand from both domestic and foreign beauty brands.

Tube Packaging Market Segmentation+ Geographic Overview

By Type-

The squeeze and collapsible category led the global Tube packaging market in terms of sales in 2020, with a share of over 71 % . Since it is lightweight, non-breakable, and leak-proof, the plastic squeeze form is the most commonly used product. Laminated and aluminum collapsible types are often used in healthcare and oral care applications. Over the  forecast period, the twist style segment is expected to grow at a significant rate.

By Product-

Laminated tubes led the Tube packaging industry in terms of sales in 2020, with a market share of more than 44%. Due to the high demand for laminates, which combine the properties of both plastic and metal and thus shield goods from spoilage, the segment will grow at the fastest CAGR from 2021 to 2028. Plastic tubes accounted for the second-largest share of the global tube market, with a steady CAGR predicted over the projected period.

By Application-

The personal care & oral care application section in Tube packaging market accounted for over 67 % of total sales.

With a market share of 32.59 % in 2020, North America led the Tube Packaging market and is predicted to continue to do so in the projected era. The higher market share is due to the presence of well-established personal care and healthcare industries in the area. Over the estimated timeframe, Asia Pacific is expected to be the fastest-growing regional segment.  The growing population and disposable income levels are also contributing to the region’s growth.

Competitive Intelligence

Tube packaging is a diverse and dynamic industry with many major key players and a few regional and local players. Some of the major players in the industry are Amcor (Switzerland), Albea Group (France), Essel Propack Limited (India), Hoffman Neopack AG (Switzerland), and Huhtamaki Oyj (Finland).