Tube Packaging Market By Type (Twist Tubes, Squeeze Tubes and others), Application (Cosmetics & Oral Care, Food & Beverages, Pharmaceuticals, Cleaning Products, Cosmetics & Oral Care, Pharmaceuticals and Others), Material (Aluminum, Plastic Laminated and Others) - Global Forecast to 2025
Industry Outlook and Trend Analysis
The Tube Packaging Market has been flourishing in the recent years and also tends to grow during the forecast period. Tube packaging is the safest way of packing gel or cream texture commodities and thus it is the most utilized form packaging in the cosmetic and oral care sector. Tubes have made it easier to carry semi liquid forms of commodities without the worry of leaking or breakage. There are new innovations in the market on the regular terms when it comes to packaging; tube has come around to be a very useful one.
Drivers and Restraints
The factor that drives the market towards are the various advancement in the packaging technologies, demand for strong and durable packing materials, rise in the flexible forms of packaging, demand for attractive and more eye catching ways of packaging. The factors that harm the market growth are the cost of packaging and the government policies.
European region contributed the largest share to the market in the recent year due to the developed economy and increasing industrial output. Asia- pacific is a region that depicts the highest potential to grow during the forecast period and also share the third largest share to the market after North America contributing the second largest share.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Sonoco Product Company
Essel Propack Ltd
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?