The global tube packaging market was estimated at 36.00 billion tubes in 2017, according to Tube Packaging Market Report, by Product Type (Squeeze Tubes, Twist Tubes, Extruded Tubes, Cartridges, and Others), by Material Type (Aluminum, Plastic, and Laminated), By Application (Oral Care, Beauty & Cosmetics, Food, Healthcare & Pharmaceuticals, and Adhesives & Sealants), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global tube packaging market is projected to reach 71.79 billion tubes by 2026, exhibiting a CAGR of 8.1% during the forecast period. The market growth is driven by the growing flexible packaging industry, which in turn, propels demand for flexible packaging segment in the market. In addition to this, the growing demand for convenient packaging, along with the rising adoption of tube packaging in the personal care industry is expected to boost market growth in the near future.
The packaging materials commonly used include plastic, metal, brick cartons, paper, cardboard, and glass. These materials are used in various end-use industries dependent on packaging requirements. For instance, aluminum and tin are used to store food & beverages in cans. This is due to the corrosion resistant properties of these metals, which ensures that the product is not contaminated. Similarly, alcohol is typically stored and sold in glass bottles, as it looks visually appealing and has a longer shelf life than plastic bottles.
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Key Trends and Analysis of the Tube Packaging Market:
Key Takeaways of the Market:
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