The global Tube Packaging Market is estimated to be valued at US$ 10585.97 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:-

Tube packaging products typically include laminated or coated paperboard or plastic for tubes and caps or closures made of plastic, metal, or natural rubber materials. Tube packaging offers advantages such as ease of handling, stacking, storing, and transportation as well as providing product safety, portion control, and good aesthetic appeal. These packaging solutions are highly suitable for various industries including oral care, consumer goods, food, pharmaceuticals, and more.

Market key trends:-

One of the key trends in the tube packaging market is the rising demand for sustainable and eco-friendly packaging solutions. Consumers are increasingly looking for packaging made from recyclable or biodegradable materials to reduce environmental footprint. Hence, manufacturers are developing innovative tubes made from raw materials such as paper, aluminum, bio-plastic etc. For instance, Huhtamaki launched EcoLam tubes produced from renewable raw materials that have lesser environmental impact compared to PVC and aluminum tubes. Similarly, VisiPak offers Eco-Tube made from post-consumer recycled paper that provides sustainable packaging solution for personal care and pharmaceutical products.

Segment Analysis:-

The global tube packaging market is segmented into tube type, material, closure type, application, and region. Based on tube type, the market is classified into squeeze tubes,twist tubes, and others. The squeeze tubes segment dominated the market in 2022 due to their high sealing ability which helps retain the product freshness for a longer period of time.

Key Takeaways:-

The Global Tube Packaging Market Growth is expected to witness high, exhibiting CAGR of 4.6% over the forecast period, due to increasing demand for flexible and convenient packaging from end-use industries such as cosmetics & oral care, food & beverages, and pharmaceuticals.

Regional analysis:-

Europe dominated the global tube packaging market with a share of over 30% in 2022. This is attributed to the growth of end-use industries in countries including Germany, U.K, and France. Asia Pacific is anticipated to be the fastest growing region owing to rapid industrialization and increasing population in countries like China and India.

Key players:-

Key players operating in the tube packaging market are Albea S.A., Amcor Limited, Essel Propack Limited, Sonoco Products Company, World Wide Packaging Inc., Montebello Packaging Inc., VisiPak, Inc., Intrapac International Corporation, CCL Industries Inc., Hoffman Neopack AG, Huhtamaki Oyj, and CCL Packaging USA. Amcor Limited is one of the leading players in the market and offers tube packaging solutions for oral care, pharmaceuticals, food, and other applications.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it