Plastic Tube Packaging Market Know the Latest Innovations and Trends to 2030
Research Reports
Oct 28, 2022
Market Overview:
In addition, the global Plastic tube packaging market is expected to increase at a CAGR of 6.80%, with a value of USD 9,601.40 million over the estimated forecasting year of 2022-2030.
Creams, gels,lotions, and other thick liquids and solids are packaged in tubes, which are cylindrical and hollow containers. They give an extra layer of protection to the contents from the sun, abrasion, and breaking. Extrusion, punching, slicing, and crumpling are common tube packaging processes, and they can be modified with colors, individual labels, and designs to create a practical and unique product. It’s commonly made of plastic, metal, or paperboard, and it has an oval orifice on one end that’s sealed with caps or seal-based closures, while the other end is folded or shut. As a result, it has a wide range of uses in personal care, cosmetics, chemicals, pharmaceuticals, and the food & beverage industries.
Increased urbanization, a growing millennial population, and increased disposable incomes of consumers are all key drivers of the market’s expansion. The growing need for small-sized packaging solutions for personal care and cosmetic items drives the global tube packaging market. As a result, rising public awareness of product hygiene has a beneficial impact on the demand for tube packaging. Tube packaging extends the product’s shelf life and reduces exposure to oxygen, light, bacteria, and other pollutants because of its multi-layered barrier construction.
Product producers are also working on sustainable tube packaging solutions made of reusable and compostable plastic, which will help the plastic tube packaging market flourish. Other factors, such as expanding urbanization and rising consumer spending power, are expected to propel the market further.
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Market Segmentation:
The global market has been segmented into type, application, and regional basis. With the type section, the market is divided into four sections: squeeze, extruded, twist, and others. The plastic tube packaging market is further divided into the application section into four sections: personal care, pharmaceuticals, food, and others. On a regional basis, the market is further classified into five sections Asia-Pacific, North America, South America, Europe, and Middle East & Africa.
Regional Analysis:
In Asia-Pacific, people are increasingly improving their lifestyles and living standards. This, combined with rising trends in cosmetic and pharmaceutical items and increased health and hygiene awareness, is propelling the market in the region. Aside from regional demand for cosmetics, Asia-Pacific countries export many cosmetics to the United States. According to the International Trade Administration, Asian countries account for approximately 20% of US global exports.
Due to its low cost, lightweight, flexibility, durability, and other characteristics, plastic is a popular material for tube packaging. Furthermore, it is odorless and has a pleasing appearance. Plastic tubes are used in various industries, including cosmetics and personal care, food, and pharmaceuticals, to save transportation costs and energy waste. This sort of packaging also protects the goods and extends their shelf life. Plastic tubes are in high demand, especially in the cosmetics business, as convenience and hygiene become more important in different parts of the world.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continue…
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Industrial News:
Due to the vast number of participants, the tube packaging industry is highly fragmented. Furthermore, alliances and innovation can provide a long-term competitive edge. Furthermore, there is a good chance that additional companies will enter the plastic tube packaging market under consideration, escalating the competition.
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