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)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Tube packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it provides protection from dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design with various color schemes and designs influences the preference of customers. Aesthetically appealing packaging is meant to reflect the quality of products and hence, serves both as brand promotion and advertising purposes as well. Packaging is of two types, rigid and flexible. Flexible packaging is any package whose shape can be readily changed to suit consumers’ needs such as bags and pouches. Whereas, rigid packaging include boxes, trays, cans, bottles, and pots and is the dominant segment.
Market Dynamics
The personal care & oral care application segment accounted for the largest revenue share in 2021. Growing awareness regarding health and wellness coupled with higher demand for chemical-free, organic products is expected to drive the segment growth over the forecast period. The increasing geriatric population, especially in the Europe and North America regions, is expected to increase the demand for cosmetic products with anti-aging properties.
North America holds a significant market share in the year 2021 owing to the growing demand from various application industries in this region. The increasing demand for convenient and lightweight packaging is growing the demand for global tube packing market in this region. Plastic-based tube packaging, include laminated tube and extruded plastic tube, is a preferred material type within the country and held a dominant share within the market owing to the convenience in production and printing
On the basis of product type, squeeze tubes accounts for a significant market share in the year 2021. Squeeze tube packaging is used in beauty and cosmetics industry for facial creams, face wash, hair dyes, and others. Growing personal care and cosmetics industry is boosting growth of the squeeze tube packaging segment globally. For instance, in February 2022, L’Oréal has reported a record-breaking year in 2021, with sales growth up 16 percent on a like-for-like basis to US$ 33.17 billion.
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