Global Tube Packaging Market Size, Share, Growth Analysis, By Tube Type(Squeeze and Collapsible, and Twist), By Product(Laminated, Plastic) - Industry Forecast 2024-2031

Report ID: SQMIG15H2040 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Global Tube Packaging Market News

In May 2022, Huhtamaki Oyj introduced a new sustainable tube packaging concept named "HuskyTube." The packaging solution was made from renewable raw materials and offered recyclability, emphasizing Huhtamaki's commitment to sustainability.

In March 2022, Amcor plc announced the acquisition of Nampak Flexibles, a leading flexible packaging manufacturer in Africa. This strategic acquisition aimed to strengthen Amcor's presence in the African market and expand its tube packaging offerings.

In January 2022, Essel Propack Ltd. launched a new sustainable tube packaging solution called "Green Maple Leaf Tube" made from post-consumer recycled (PCR) resin. The company aimed to promote the use of recycled materials and reduce environmental impact.

In October 2021, Sonoco Products Company unveiled its EnviroSense™ sustainable packaging initiative. As part of this initiative, Sonoco introduced eco-friendly tube packaging options, including recyclable and compostable alternatives, to meet the increasing demand for sustainable packaging solutions.

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Global Tube packaging Market size was valued at USD 10.10 Billion in 2021 and is poised to grow from USD 10.72 Billion in 2022 to USD 17.21 Billion by 2030, at a CAGR of 6.1% during the forecast period (2023-2030).

The global tube packaging market is highly competitive, with numerous companies striving to gain a strong foothold in the industry. The competitive landscape is characterized by the presence of both multinational corporations and regional players, each offering a diverse range of tube packaging solutions to cater to various industries. The competition is driven by factors such as product innovation, quality, cost-effectiveness, customization capabilities, and sustainability. The competitive landscape also includes other significant companies such as CCL Industries Inc., Montebello Packaging, Hoffmann Neopac AG, and many more. As the market evolves, companies are expected to continue investing in research and development, sustainability initiatives, and strategic partnerships to stay competitive and meet the evolving demands of consumers and industries. 'Amcor plc (Australia)', 'Essel Propack Ltd. (India)', 'Huhtamaki Oyj (Finland)', 'Sonoco Products Company (US)', 'Constantia Flexibles Group GmbH (Austria)', 'Montebello Packaging (Canada)', 'CCL Industries Inc. (Canada)', 'Albea Group (France)', 'Albéa Packaging (France)', 'VisiPak (US)', 'Unette Corporation (US)', 'M&H Plastics Ltd. (UK)', 'World Wide Packaging LLC (US)', 'Hoffmann Neopac AG (Switzerland)', 'Viva Healthcare Packaging (Canada)', '3D Packaging Inc. (US)', 'CTL Packaging USA (US)', 'CTL Packaging (France)', 'Auber Packaging Co., Ltd. (China)', 'CTL-TUBEX Ltd. (UK)'

The booming e-commerce sector has been a significant driver for the tube packaging market. As online shopping continues to gain popularity, the demand for compact and secure packaging solutions for various products, including cosmetics and personal care items, has increased. Tube packaging provides an efficient and lightweight option for online shipments, driving its demand.

Customization and Personalization: In 2022, customization and personalization emerged as key trends in the tube packaging market. Companies are offering options for customized designs, colors, and printing on tubes to create a unique brand identity and enhance consumer engagement.

North America emerged dominant in the tube packaging industry, holding a revenue share of 34.59%. This region is expected to maintain its leading position throughout the forecast period. The strong presence of well-established personal care and healthcare industries in North America contributes to its higher market share. These industries demand significant quantities of tube packaging for their products, driving the market growth in the region.

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Global Tube Packaging Market Size, Share, Growth Analysis, By Tube Type(Squeeze and Collapsible, and Twist), By Product(Laminated, Plastic) - Industry Forecast 2024-2031

Global Tube Packaging Market News

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