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The tube and stick packaging market size is forecast to increase by USD 5.57 billion at a CAGR of 7.44% between 2023 and 2028.
The market is experiencing significant growth due to the increasing demand for convenience packaging. This trend is driven by consumers' preference for portable and easy-to-use packaging solutions. Another key factor fueling market growth is the rise in adoption of bioplastic-based packaging, which is gaining popularity due to its eco-friendliness and sustainability. However, stringent regulations on tube and stick packaging, particularly regarding material safety and product labeling, pose a challenge to market growth. Compliance with these regulations requires significant investment in research and development and regulatory approval processes. Overall, the market is expected to continue its growth trajectory, driven by these trends and challenges.
The tube and stick packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market experiences significant growth, particularly In the consumer goods sector, driven by the cosmetic and oral care segment. This segment encompasses products like toothpaste, lip balm, sunscreen, and hand cream. Convenience is a major factor fueling this market expansion. Tube packaging for toothpaste facilitates easy dispensing, while stick packaging for lip balm ensures mess-free application. These advantages cater to consumers' increasing demand for portable and hassle-free products. This trend is expected to continue, underscoring the importance of tube and stick packaging In the consumer goods industry.
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The Cosmetic and oral care segment was valued at USD 5.36 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market In the APAC region has experienced notable growth due to the expanding demand for these packaging solutions in sectors such as cosmetics, pharmaceuticals, and food and beverage. The cosmetics industry's surge is a significant driver, with brands increasingly opting for tube and stick packaging to cater to consumer preferences for convenience and ease of use. Products like lip balms, creams, and lotions benefit significantly from this packaging format. Similarly, the pharmaceutical industry's growth is contributing to the market's expansion, as tube and stick packaging offers advantages in terms of product protection and dosage control. Overall, the APAC region's the market is poised for continued growth, driven by the region's economic development and the increasing demand for innovative packaging solutions.
Our tube and stick packaging market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for convenience packaging is the key driver of the market.
Rise in adoption of bioplastic-based packaging is the upcoming market trend.
Stringent regulations on tube and stick packaging is a key challenge affecting the industry growth.
The tube and stick packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the tube and stick packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, tube and stick packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Amcor Plc - Our company provides tube and stick packaging solutions under the brand name StickPack. This innovative packaging format offers numerous benefits, including convenience, portability, and increased product protection. StickPack is ideal for various industries, including nutraceuticals, food, and cosmetics, providing a sleek and modern alternative to traditional packaging options. With a focus on sustainability, these eco-friendly packages are recyclable and biodegradable, making them an excellent choice for environmentally-conscious consumers. Our tube and stick packaging solutions are designed to meet the unique needs of businesses, ensuring product differentiation and enhanced brand recognition.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Understanding the Dynamics of the market the market encompasses a diverse range of products used in various industries, including personal care, pharmaceutical, healthcare, skincare, food packaging, and advanced packaging solutions. This market is characterized by its ability to cater to the unique requirements of different sectors while maintaining a balance between functionality, sustainability, and aesthetics. In the personal care sector, tube packaging has gained significant popularity due to its versatility. These tubes can accommodate various products, such as creams, ointments, gels, and thick liquids, making them an ideal choice for cosmetic and oral care products. The demand for tube packaging In the oral care segment is particularly high, with toothpaste being the most common application.
The convenience and portability offered by tube packaging make it a preferred choice for consumers, especially In the context of e-commerce and retail outlets. The pharmaceutical and healthcare industries rely on tube and stick packaging for their dermatology and medicines. These packaging solutions ensure the preservation of sensitive formulations, protecting them from external factors and maintaining their efficacy. The use of advanced material technology in tube and stick packaging has led to the development of sustainable packaging solutions, such as bioplastics and recycled materials. These eco-friendly alternatives cater to the growing consumer demand for environmentally friendly packaging. Food packaging is another significant application area for tube and stick packaging.
The use of plastic, paper, aluminum, and metal materials in tube and stick packaging offers various benefits, including shelf appeal, branding, labeling, and decorating. The convenience and portability of these packaging solutions make them suitable for a wide range of eatables, from sauces and spreads to beverages and desserts. Advanced packaging solutions In the tube and stick market cater to the unique needs of high-end consumer products and pharma products. These solutions often incorporate material science and recyclability to create sustainable and recyclable packaging. Digital printing technology is increasingly being used to enhance the visual appeal of these packages, making them more attractive to consumers.
The market is influenced by various factors, including material properties, consumer preferences, and government regulations. The demand for sustainable packaging solutions is driving the market towards the use of recycled materials and bioplastics. Consumer preferences for convenience and portability continue to shape the market, with flexible packaging gaining popularity. Government regulations, particularly In the healthcare sector, are driving the adoption of advanced packaging solutions to ensure the safety and efficacy of products. The raw materials used in tube and stick packaging, such as petroleum, plastics, and resins, significantly impact the market dynamics. The price fluctuations of these raw materials can affect the cost of production and, consequently, the pricing strategy of manufacturers.
The availability and cost of sustainable raw materials, such as bioplastics and recycled materials, are also crucial factors influencing the market. In conclusion, the market is a dynamic and diverse industry that caters to various sectors while addressing the evolving needs of consumers and regulatory bodies. The use of advanced material technology, sustainable packaging solutions, and digital printing technology is transforming the market, offering new opportunities for growth and innovation.
Tube And Stick Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.44% |
Market growth 2024-2028 |
USD 5572.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Key countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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