Global Tube Packaging Market Projected to Yield around 71.79 Billion Tubes by 2026 - Coherent Market Insights

The global tube packaging market growth is primarily driven by the growing flexible packaging industry across the world. Besides this, the augmenting demand for convenient packaging and the rising adoption of tube packaging in the personal care industry are predicted to further accelerate the global market development in the near future.

Tube packaging provides greater versatility for manufacturers. Moreover, tubes can be designed with a variety of heads and external appearances, such as needlepoint tips, slanted needlepoint tips, metallic covers, printed and silkscreen labels, a metal tip applicator, and a brush tip applicator. The tube packaging materials usually comprise plastic, metal, brick cartons, paper, cardboard, and glass, which are utilized in a large number of end-use industries, depending upon the different 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 that help ensure that the product is not contaminated.

Key Analysis of the Global Tube Packaging Market:

• Among the various product types, the squeeze tubes segment accumulated the largest market share of 60.0% in the global tube packaging market in 2017. Convenient transportation, easy handling, lesser cost, and an eco-friendly nature of the squeeze tubes enhance their demand across the world, which in turn, is estimated to propel the global market growth over the forecast timeline.
• The oral care application segment accounted for the largest market share in 2017, owing to the rising living standards and changing lifestyles of people, which result in a higher demand for specialized oral care products and growing concerns regarding oral hygiene.
• Stringent government regulations imposed on the use of tube packaging materials are expected to hinder the global market growth in the near future. Regulatory authorities such as the Food & Drug Administration (FDA) and the European Food Safety Authority (EFSA) have formulated specific guidelines for the global packaging industry. For instance, the Federal Food, Drug, and Cosmetic Act (the Act) mandate the need for adequate information related to packaging materials. Section 501(a) (3) of the Act states that a drug is deemed to be adulterated, ‘if its container is composed, in whole or in part, of any poisonous or deleterious substance, which may render the contents injurious to health’.

• Europe is said to have led the global tube packaging market, with a significant 30.0% market share in 2017, owing to the presence of some major cosmetics companies, such as Avon Cosmetics Ltd., L’Oréal, and The Estée Lauder Companies in the region.

The most prominent players operating in the global tube packaging market include Albea S.A., Amcor Limited, Essel Propack Limited, Sonoco Products Company, World Wide Packaging Inc., Montebello Packaging Inc., VisiPak, Inc., Intrapac International Corporation, and CCL Industries Inc. These manufacturers are currently concentrating on eco-friendly, recyclable tube packaging, with the aim to strengthen its local, as well as global presence.