A deep, cylindrical tube stores thick liquids like adhesive, ointment, creams, caulking, and toothpaste. It is also employed for solids as it offers a layer of protection, preventing the contents from breakage. It is made up of different kinds of materials like plastic, paperboard, or aluminum, etc. Tubes are extensively used in packaging applications. Tube packaging is used in various industries such as printing, punching, labeling, slicing, etc.
The global tube packaging market size was valued at USD 34.90 million in 2019 and is projected to reach USD 53.70 million by 2027, growing at a CAGR of 5.75% during the forecast period, 2020-2027. The significant factors are the increasing consumer preference towards convenience, safe, and sustainable packaging. Additionally, the growing demand from cosmetics & oral care applications and rising innovation in packaging will spur the global tube packaging industry in the future periods. Furthermore, the technological advancements in cosmetic packaging and increasing awareness about the availability of different cosmetics products are assumed to witness remarkable growth of tube packaging. The increase in demand for small and new branded packs for the food and beverage sector is expected to propel the demand for tube packaging over the coming years.
Moreover, the growing demand for compact packaging within the oral care industry and growth in the pharmaceutical sector positively impact the market for tube packaging. Furthermore, the ease of transportation & handling and less cost of tube packaging materials fuel the demand for the tube packaging market. The growing adoption of organic personal care products and changing consumer preferences for natural ingredients will bolster the global tube packaging market growth. In addition, the increasing urbanization, growing millennial population, and rising disposable income propelling the development of the tube packaging market across the globe.
Flexible packaging is a solution that manufacturers turn to for a variety of reasons. For starters, it’s less expensive than rigid packaging. But, it also contributes superior durability and product protection. The rapidly increasing growth of the flexible packaging industry is a significant driver of the global tube packaging industry. As per the Flexible Packaging Association, the US flexible packaging revenue in 2018 was about USD 31.8 billion. The sales proposed to grow at 8.1% to reach USD 293.03 billion by 2022. Flexible packaging is the second largest tube packaging segment in the US, representing 19 % of the total packaging market. The flexible packaging industry is profoundly impacted by the economic growth of various industries such as cosmetics, toiletries, and pharmaceuticals. In the coming years in the APAC region, the industry is predicted to witness a massive increase due to the growing middle-class population. Countries such as China, India, Saudi Arabia, Russia, and Brazil are the emerging markets for flexible packaging and are predicted to witness fast growth during the forecast period. However, the stringent government regulations to minimize the impact of waste and its harmful by-products for the environment’s safety, fauna, and flora are supposed to restrain the market.
Recently, the outbreak of COVID-19 has vigorously affected the packaging industry of developed and developing countries globally. The manufacturing facilities spread across North America, Europe, Asia Pacific, and the World. COVID-19 has also been impacted due to the partial and complete lockdown. However, due to the pandemic, consumption trends have witnessed a shift, and flexible packaging has gained much more importance, mainly because of the hazards attached to non-packaged products. This resulted in higher production and sales volume.
Further, the demand for tube packaging in the pharmaceutical industry is supposed to remain robust as hospitals, drugs, and PPE manufacturers are responding to the crisis. The need for household cleaning products, healthcare, and medical goods does not decrease dramatically. Retail distribution for these types of goods through online channels can be assumed to increase.
The global tube packaging market is segregated into laminated, aluminum, and plastic-based on the type. The laminated segment is estimated to witness the highest growth over the analysis timeframe. It is due to the high demand for laminates to avoid products spoilage. In addition, the laminated tubes are designed using various layers of polymers and different materials. These layers serve as an excellent barrier to light, moisture, and air, leading to the extended shelf life of the goods stored in them.
The aluminum segment will grow significantly due to the rising adoption in pharmaceutical industries to store ointments, gels, and creams. Aluminum tubes are corrosion-resistant, airtight, and impenetrable and thus, provide excellent protection against contamination.
The global tube packaging market is classified into oral care, cosmetics, food & beverage, pharmaceuticals, cleaning products, and others based on the application. The other segment includes shoe polish, paint, adhesives, and sealants. The oral care segment is expected to be the highest revenue share for tube packaging during the forecast period. The segment’s growth is primarily attributed to the increasing demand for compact packaging within the personal care and oral care industry. In addition, the rising awareness regarding health and wellness coupled with the higher consumption of chemical-free organic products drives the market.
The food & beverage segment will witness a lucrative growth rate in the estimated period due to the high product demand for the packaging of liquid and semi-liquid food products, including ketchup, sauces, dressings, creams, salsa, and beverages. In addition, the expanding demand for ready-to-eat and on-the-go foods & drinks coupled with the increase in the consumption of food increase drives the market.
By geography, the global tube packaging market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. It is due to well-established personal care & healthcare industries and increased demand for innovative packs for oral care application.
The Asia Pacific will capture a significant share of the tube packaging market by 2027. Due to the rapidly growing pharmaceutical sector and increasing population & disposable income levels in emerging countries such as India and China.
Companies such as Amcor, Albea Group, Essel Propack Limited, VisiPak, Sonoco Products Company Clariant, Montebello Packaging, Huhtamaki OYJ, Unette Corporation, Romaco Group, and Hoffman Neopac AG are the key players in the global tube packaging market.
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Global Tube Packaging Market
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