Squeeze Tube Packaging Market

Advantages of squeeze tube packaging such as high elasticity and ease of packaging is leading to increasing demand from end-use industries such as personal care, food, and pharmaceutical and this is driving growth of the global squeeze tube packaging market. Squeeze tube packaging manufacturers are focused on developing environment friendly technologies for tubes production. For instance, Albea developed a Greenleaf manufacturing process for laminate tubes that are ultra-light and recyclable which achieves sleeve weight reduction by 17%.

Market Dynamics

Government regulations on packaging is negatively impacting the market growth. For instance, The Federal Food, Drug, and Cosmetic Act (the Act) mandates the need for adequate information related to packaging materials and in European Union under Regulation 1935/2004, packaging materials must be authorized by the European Food Safety Authority (EFSA) prior to being placed on the market.

Asia Pacific is expected to be the fastest growing squeeze tube packaging market during the forecast period, owing to growing demand for pharmaceutical products such as medicated ointments and creams in China, Japan, South Korea, and India. According to International Trade Association (ITA), China is the second-largest pharmaceuticals market in the world with a total pharmaceuticals sales value of US$ 108 billion in 2020. Key players are adopting strategies such as merger and acquisition for business expansion. For instances, in November 2021, Praxis Packaging acquired Unette Corporation to expand its portfolio into liquid, cream, and paste products in tubes, bottles, jars and stick packs.

Key features of the study:

• This report provides in-depth analysis of the global squeeze tube packaging market and provides market size (Billion Tubes) and Cumulative Annual Growth Rate (CAGR) (%) during the forecast period (2022 – 2030), considering 2021, as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
• It profiles leading players in the global squeeze tube packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
• Key companies covered as a part of this study includes Amcor Limited, Essel Propack Limited, Albea S.A., Huhtamaki OYJ, Berry Global Inc., Intrapac International Corporation, Montebello Packaging Inc., and Worldwide Packaging Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology upgradation, market expansion, and marketing tactics
• The global squeeze tube packaging market report caters to various stakeholders in this industry including investors, suppliers, squeeze tube packaging manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global squeeze tube packaging market

Detailed Segmentation:

• Global Squeeze Tube Packaging Market, By Material Type:
  • Aluminum
  • Plastic
  • Laminate
• Global Squeeze Tube Packaging Market, By Application:
  • Oral Care
  • Beauty & Cosmetics
  • Pharmaceuticals
  • Food & Beverages
  • Others
• Global Squeeze Tube Packaging Market, By Geography:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa
• Company Profiles
  • Amcor Limited*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Essel Propack Limited
  • Albea S.A.
  • Huhtamaki OYJ
  • Berry Global Inc.
  • Intrapac International Corporation
  • Montebello Packaging Inc.
  • Worldwide Packaging Inc.