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The tube packaging market size is estimated to increase by USD 4.87 billion and grow at a CAGR of 7.44% between 2023 and 2028. Market expansion hinges on several factors, notably rising demand across diverse end-user sectors, continual technological innovations in manufacturing, and a notable transition from rigid to flexible packaging solutions. However, challenges loom, encompassing stringent regulatory frameworks tied to tube packaging, elevated production costs, and intricate supply chain management dynamics within the global market. These hurdles necessitate strategic adaptations and operational efficiencies to navigate effectively. Despite obstacles, the market's potential remains robust, propelled by evolving consumer preferences and industry advancements. By leveraging innovative approaches to compliance, cost management, and supply chain optimization, stakeholders can unlock opportunities for sustainable growth and market penetration in the competitive landscape.
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The cosmetic and oral care segment is estimated to witness significant growth during the forecast period. Factors such as convenience, portability, and ease of use are significantly driving the growth of the cosmetic and oral care segment in the global market. One of the main advantages is that it offers precise dosing, which prevents wastage and provides a better user experience.
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The cosmetic and oral care segment was the largest segment and was valued at USD 5.06 billion in 2018. Several vendors are offering different types to cater to a broad audience segment. One of the main examples of such vendors includes Essel Propack, a leading global supplier of laminated tubes and the largest global specialty packaging company catering to the beauty products and oral care industry, offers its products under the brand name FlexiPack, which provides customization in terms of the shape, size, and aesthetics and are designed for functionality and design. Hence, such product innovations are expected to drive the growth of this segment which in turn will drive the global industry during the forecast period.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors for the significant growth of the global transplant box market in APAC is the factors such as the easy availability of resources and raw materials such as paper and paper pulp, plastic, low labor prices, the growth of the manufacturing industries in China, India, Vietnam, Australia, and Japan, and the growing consumer base. Additionally, there is an increase in foreign direct investments (FDI) in APAC countries than other countries at the global level, which has significantly contributed to the growth. Hence, such factors are expected to drive the global market growth in the region during the forecast period.
In the realm of packaging solutions, tube packaging emerges as a versatile choice, catering to various applications, notably cosmetics and oral care products. Its adaptability extends to different sectors, including the beauty and personal care industry, where it offers compactness, convenience, and reliability for packaging needs. Tube packaging also finds relevance in personal health and wellness, particularly for organic personal care products requiring small quantities and efficient dispensing. With the flexibility of digital printing and the sustainability of recyclable and lightweight materials, such as plastics and laminated tubes, it ensures both aesthetic appeal and environmental responsibility. From pharmaceuticals to culinary sauces, tube packaging serves diverse needs, making it an indispensable solution in various sectors, including healthcare and automotive industries.
One of the key factors driving the global market growth is the technological advancements in manufacturing processes. There is significant growth in the global market due to several technological advancements processes, resulting in an increase in manufacturing efficiency, reduced manufacturing costs, and improved product quality, collectively driving the growth of the market. Additionally, there is a growing adoption of modern extrusion technology in the manufacturing process, which has led to high-speed production, lower energy consumption, and reduced material usage.
Further, in packaging, innovations like tubes and cores have played a crucial role. Tubes and cores, essential components in industries such as adhesive tapes, plastic films, and printing, have benefited from these advancements. They provide robust support and protection, ensuring the integrity of rolled materials during storage and transportation. The adoption of advanced materials and manufacturing techniques in tubes and cores enhances their durability and functionality, further bolstering their contribution to market growth.
A key factor shaping the global market growth is the growing demand for customized tube packaging. There is an increasing demand for customization as end-users are increasingly looking for products that cater to their individual needs and preferences, and personalized ones. One of the main features of customized ones is that it enables companies to differentiate their products in a competitive market by offering unique branding opportunities to build brand loyalty.
Moreover, factors such as the growing popularity of e-commerce channels, which offer personalized shopping experiences and ease of access for consumers are significantly driving this trend in the global market. Additionally, several brands are using social media platforms to promote their product offerings with the help of various influencers. Hence, such factors are expected to drive the global market during the forecast period.
The high cost of production is one of the key challenges hindering global market growth. Packaging tubes are made with expensive machinery, raw materials, and labor. This can raise the cost of production overall and affect the ASP of the product, making it less appealing to customers. Some of the key components which increase the manufacturing costs are the use of expensive machinery, raw materials, and labor, resulting in the high ASP of the product, which makes it less attractive to end-users.
As a result, several vendors in the market are pricing their products so high in order to cover the manufacturing costs and hence, resulting in reduced demand leading to lower sales volume. Therefore, this leads to low market share which can also hinder significant future investments by vendors. Hence, such factors are expected to hinder the global market growth during the forecast period.
The market research 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is witnessing a surge in demand, driven by diverse applications ranging from cosmetics and oral care to paints and culinary sauces. Notable trends include a preference for compactness and reliability, alongside the adoption of digital printing for enhanced customization. Environmentally conscious consumers are driving the shift towards recyclable and lightweight packaging solutions such as pouches and sachets, particularly in the flexible packaging industry. With a focus on efficient dispensing and barrier protection, tube packaging caters to various sectors including food, healthcare, and automotive. Innovations in bioplastics and monomers facilitate biodegradability and corrosion resistance, meeting the demands of modern consumers while promoting sustainability.
Moreover, in the ever-evolving landscape of tube packaging, a plethora of applications emerge, ranging from cosmetics and oral care to food products and industrial goods. The emphasis on sustainability drives the adoption of recyclable packaging, particularly in single-use packets for items like toothpaste and adhesives. Versatile containers, bottles, and boxes cater to diverse needs across industries, offering efficient dispensing and storage solutions for ointments, creams, and gums. With a focus on innovation, materials like polylactic acid derived from corn starch and sugarcane pave the way for biodegradable options, ensuring non-toxicity and recyclability. Tube packaging plays a pivotal role in the personal care and healthcare sectors, addressing the needs of the geriatric population with anti-aging properties and precise dispensing, while also meeting the stringent requirements of pharmaceutical and food manufacturing companies.
Furthermore, in the realm of packaging solutions, tube packaging stands out as a versatile option catering to a wide array of applications, including cosmetics and oral care products. Its adaptability extends to various materials such as aluminum and paperboard, ensuring durability and sustainability. From drums and barrels to pails and pumps, tube packaging offers efficient storage and dispensing solutions for both consumer goods and industrial chemicals. The beauty and personal care industry benefits from its ability to provide precise dispensing of ointments, creams, and lipsticks, while healthcare and pharmaceutical sectors rely on its hygiene and safety features for packaging semi-liquid and liquid products like ointment and glue. With a focus on reusability and corrosion resistance, tube packaging remains indispensable across various applications, ensuring product integrity and consumer satisfaction.
Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
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 4.87 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Albea Services SAS, ALLTUB S.A.S., Amcor Plc, Antilla Propack, Berry Global Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, Cores and Tubes Ltd., CTLpack Vitoria Gasteiz. SAU, EPL Ltd., Excel Tubes and Cones, Hoffmann Neopac AG, Huhtamaki Oyj, KAPCONES, Montebello Packaging, Prutha Packaging Pvt. Ltd., Sinclair and Rush Inc., Skypack India Pvt. Ltd., Smurfit Kappa Group, Sonoco Products Co., and World Wide Packaging LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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