The report "Tube packaging Market by Type (Laminated, aluminum, plastic), Application (Oral care, cosmetics, pharmaceuticals, food & beverage, cleaning products), & Region (North America, Europe, APAC, Middle East, and South America) - Global Forecast to 2026", size is expected to grow from USD 11.7 billion in 2021 to USD 14.3 billion by 2026, at a CAGR of 4.2% during the forecast period.
Browse 214 market data Tables and 37 Figures spread through 199 Pages and in-depth TOC on "Tube packaging Market by Type (Laminated, aluminum, plastic), Application (Oral care, cosmetics, pharmaceuticals, food & beverage, cleaning products), & Region (North America, Europe, APAC, Middle East, and South America) - Global Forecast to 2026"
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The growth is due to the rising need for oral care and cosmetics applications all over the world. Additionally, tubes are lightweight and can be effortlessly shipped as they occupy less space. They offer benefits such as protection, compactness, convenience, reliability, and cost-effectiveness. The growth of the global flexible packaging industry is driving the tube packaging market.
The cosmetics segment is likely to be the fastest-growing application in the Tube packaging market during the projected period.
Cosmetics is the speediest-expanding application segment in the Tube packaging market. Enhanced standards of living, coupled with the increasing disposable income of the working middle-class population in developing economies, is likely to push the market in the cosmetics segment. It accounted for a share of about 20.3% of the Tube packaging market, in terms of value, in 2021.
A laminated segment is a fastest and biggest segment for the Tube packaging market
Laminated tubes provide excellent barrier properties and minimize the transfer of oxygen and light. Compared to aluminum tubes, the print on laminated tubes looks clearer and brighter, which increases their aesthetic value. The requirement for such tubes is growing from cosmetics, food, pharmaceutical, household, and industrial applications.
APAC is expected to hold the largest market share in the global tube packaging market due to the growth of emerging economies such as China and India during the forecast period.
APAC accounted for the largest share of the Tube packaging market in 2021. The market in the region is growing because of the increase in demand for small and innovative packs for cosmetics and oral care applications in this region.
Amcor (Switzerland), Albea Group (France), Essel Propack Limited (India), Hoffman Neopack AG (Switzerland), and Huhtamaki Oyj (Finland), are the leading tube packaging manufacturers, globally.
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