Tube Packaging Market  Growing Demand by Major Competitor and Strategies Analysis in 2021.

Posted December 27, 2021 by neha_s

Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product.
Market Overview

Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it provides protection from dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design with various color schemes and designs influences the preference of customers. Aesthetically appealing packaging is meant to reflect the quality of products and hence, serves both as brand promotion and advertising purposes as well. Packaging is of two types, rigid and flexible. Flexible packaging is any package whose shape can be readily changed to suit consumers’ needs such as bags and pouches. Whereas, rigid packaging include boxes, trays, cans, bottles, and pots and is the dominant segment.
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Market Dynamics
On the basis of product type, squeeze tubes dominated the global tube packaging market and contributed over 60.0% in 2017, in terms of volume. Squeeze tube packaging is used in beauty and cosmetics industry for facial creams, face wash, hair dyes, and others. Growing personal care and cosmetics industry is boosting growth of the squeeze tube packaging segment globally. For instance, according to L’OREAL 2017 annual report, global beauty market grew by 4-5% from 2016 to 2017 and was valued at US$ 231 billion in 2018.
In 2017, Europe held the dominant position in the global tube packaging market attributing to the high adoption of small-sized packaging in cosmetics and personal care sectors coupled with its large scale usage in oral care products and toiletry products.

Detailed Segmentation:
• Global Tube Packaging Market, By Product Type:
◦ Squeeze Tubes
◦ Twist Tubes
◦ Cartridges
◦ Extruded Tubes
◦ Others
• Global Tube Packaging Market, By Material Type:
◦ Aluminum
◦ Plastic
◦ Laminated

Key companies covered as a part of this study includes Albea S.A., Amcor Limited, Essel Propack Limited, Sonoco Products Company, World Wide Packaging Inc., Montebello Packaging Inc., VisiPak, Inc., Intrapac International Corporation, and CCL Industries Inc.

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Issued By Mr. Shah
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Categories Business
Last Updated December 27, 2021