Tube packaging has emerged as a preferred choice of packaging due to its lightweight and recyclable properties. Providing better product protection along with enhanced shelf appeal, tubes have revolutionized packaging across various industries including cosmetics, oral care, food and beverages. The burgeoning demand for sustainable and convenient packaging from consumers has propelled the tube packaging market.
Global Tube Packaging Market is estimated to be valued at US$ 11,342.64 Mn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 To 2031
Tubes provide efficient product dispensation along with longer shelf life, thereby minimizing wastage. They ensure easy portability and storage of products. The growing preference for tubes as they are aesthetically appealing and enhance brand visibility has accelerated their use in the packaging domain.
Key Takeaways
Key players operating in the Tube Packaging are Amcor Limited, Prepack Thailand Co., Ltd., Berry Plastics, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles Gmbh, and AR Packaging Group. Key players have undertaken initiatives such as capacity expansion, new product launches and mergers and acquisitions to sturdy their position in the market.
The burgeoning cosmetic and personal care products around the globe has amplified the need for innovative packaging solutions. Tube Packaging Market Growth with features like single dose packaging and multi-layer laminate construction caters well to the expanding personal care industry.
The accelerating growth of end use industries along with rising disposable incomes in emerging economies has fueled the adoption of tube packaging across international markets. Key players are strengthening their global footprint with expansion strategies focused in Asia Pacific and Latin America.
Market key trends
Sustainable Tube Packaging Market Challenges And Opportunities is gaining increased prominence as companies focus on developing eco-friendly product portfolios. Brands are opting for paper tubes and plastic tubes incorporated with recycled content to reduce carbon footprint. Advancements in tube laminate structures have led to enhanced barrier protection against moisture, gas and light. compounds. The introduction of squeezable and flexible tubes with ergonomic designs and enhanced product dispensing have augmented the application scope of tubes in various industries.
Porter’s Analysis
Threat of new entrants: Packaging industry requires high capital investment for establishing production facilities.
Bargaining power of buyers: The tube packaging market has large number of buyers including food, personal care, pharmaceuticals and other industries. However, individual buyers have low bargaining power compared to suppliers due to fragmented demand.
Bargaining power of suppliers: Major raw material suppliers for tube packaging include plastic resin, paper & paperboard manufacturers. They have moderate bargaining power due to availability of substitute materials.
Threat of new substitutes: Substitute packaging materials like cans, bottles, pouches pose minimal threat due to weightage, cost and sustainability benefits of tubes.
Competitive rivalry: Intense competition exists among top players to gain market share through product innovation, brand building and expansion into emerging markets.
Geographical regions with high market value concentration include North America and Europe. Developed markets in these regions account for over 50% of global tube packaging demand led by food, cosmetics and daily consumer goods industries. Asia Pacific region is expected to be the fastest growing market during the forecast period due to rising disposable incomes, growing middle class population and shifting lifestyle trends in countries like India and China. Established players are expanding manufacturing footprint in Asia to capture future growth opportunities.
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- *Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn