Global Squeeze Tube Packaging Market is estimated to be valued at US$ 10.47 Bn in 2021, according to the Global Squeeze Tube Packaging Market Report, by Material Type (Aluminum, Plastic, and Laminate), by Application (Oral Care, Beauty & Cosmetics, Pharmaceuticals, Food & Beverages, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.
Global squeeze tube packaging market was valued at US$ 10.47 Bn in 2021. Squeeze tube packaging market is expected to register a CAGR of 6.01 % over the forecast period (2022–2030), to reach US$ 17.66 Bn by 2030.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/squeeze-tube-packaging-market-2385
Key Trends and Analysis of the Global Squeeze Tube Packaging Market:
- Among material type, plastic tubes segment held significant market share in the global squeeze tube packaging market in 2021. Plastic tubes are made from plastic resin, colored, and shaped into the desired form. The tube is then printed, decorated, and fitted with an injected tube head. The extrusion process produces a seamless tube allowing 360° printing and high quality decoration. Plastic tubes are more versatile and more refined than laminate tubes. Compared to laminate tubes, plastic tubes are less oxygen, water, and light resistant and not suitable for certain products.
Key Takeaways of the Global Squeeze Tube Packaging Market:
- Europe held the largest share of 30.00% in the global squeeze tube packaging market in 2021 and is expected to maintain its dominance over the forecast period. In matured market of Europe, FMCG players are focusing on innovation in several new life-style products in the beauty care and wellness categories. Beauty care products such as anti-ageing creams, complexion correction creams, hair colorants, and cosmetic/ therapeutic toothpastes need vibrant and premium looking tube packaging to stand out in shop shelves, in order to gain competitive edge in the market thereby increasing demand for squeeze packaging in the region.
- Major players operating in the global squeeze tube packaging market include squeeze tube packaging market includes Amcor Limited, Essel Propack Limited, Albea S.A., Huhtamaki OYJ, Berry Global Inc., Intrapac International Corporation, Montebello Packaging Inc., and Worldwide Packaging Inc., among others.
