Drivers, Restraints, Opportunities, and Challenges in the Tube Packaging Market

Oral Care Application To Lead The Tube Packaging Market During The Forecast Period

Northbrook, IL — (SBWIRE) — 03/26/2022 — The reportTube packaging Market by Type (Laminated, aluminum, plastic), Application (Oral care, cosmetics, pharmaceuticals, food & beverage, cleaning products), & Region (North America, Europe, APAC, Middle East, and South America) – Global Forecast to 2026″, size is expected to grow from USD 9.5 billion in 2021 to USD 13.0 billion by 2026, at a CAGR of 6.6% during the forecast period. The growth is due to the growing demand from oral care and cosmetics application throughout the world. Furthermore, tubes are lightweight and can be easily transported as they occupy less space. They provide benefits such as protection, compactness, convenience, reliability, and cost-effectiveness. The growth of global flexible packaging industry is driving the tube packaging market.

Browse 214 market data Tables and 37 Figures spread through 199 Pages and in-depth TOC on “Tube packaging Market by Type (Laminated, aluminum, plastic), Application (Oral care, cosmetics, pharmaceuticals, food & beverage, cleaning products), & Region (North America, Europe, APAC, Middle East, and South America) – Global Forecast to 2026”

Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128857249

Cosmetics is expected to be the fastest growing application in the Tube packaging market during the forecast period.

Cosmetics is the fastest-growing application segment in the Tube packaging market. Improved standards of living, coupled with the rising disposable income of the working middle-class population in emerging economies, is expected to propel the market in the cosmetics segment. It accounted for a share of about 20.3% of the Tube packaging market, in terms of value, in 2020.

APAC is expected to hold the largest market share in the global tube packaging market during the forecast period.

APAC accounted for the largest share of the Tube packaging market in 2020. The market in the region is growing because of the increase in demand for small and innovative packs for cosmetics and oral care applications in this region.

Amcor (Switzerland), Albea Group (France), Essel Propack Limited (India), Hoffman Neopack AG (Switzerland), and Huhtamaki Oyj (Finland), are the leading tube packaging manufacturers, globally.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

For more information on this press release visit: http://www.sbwire.com/press-releases/drivers-restraints-opportunities-and-challenges-in-the-tube-packaging-market-1354906.htm

Media Relations Contact

Amish Keswani
Telephone: 1-888-600-6441
Email: Click to Email Amish Keswani
Web: https://www.marketsandmarkets.com/Market-Reports/indoor-location-market-989.html