Squeeze tubes are collapsible container which are widely used for packaging of toothpaste, adhesive, caulk, creams, paints, ointments, etc. Favorable growth of food & beverages and pharmaceutical & personal care industries globally is driving growth of the tube packaging market. According to International Trade Association report, the worldwide market for pharmaceuticals is expected to reach US$ 1.3 trillion by the end of 2020. Total sales of pharmaceuticals in the U.S. was valued US$ 333 billion in 2015 which was triple the size of sale in China. Total U.S. exports in the personal care and cosmetics totaled at US$ 10.4 billion in 2015. Total U.S. exports in the personal care and cosmetics industry grew at an average rate of 15% between 2012 and 2015.
The global squeeze tube packaging market was pegged at 23.11 billion tubes in 2017 and is expected to register a CAGR of 7.72% in terms of volume, during the forecast period (2018 – 2025) to reach 41.64 billion tubes by 2025.
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Key players: Amcor Limited, Essel Propack Limited, Albea S.A., Huhtamaki OYJ, Berry Global Inc., Intrapac International Corporation, Montebello Packaging Inc., and Worldwide Packaging Inc., among others.
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