Tube Packaging Market Forecasts to 2030 – Global Analysis By Product (Squeeze Tubes, Twist Tubes and Other Products), Type (Laminated, Aluminum and Other Types), Application and By Geography

Tube Packaging Market Forecasts to 2030 – Global Analysis By Product (Squeeze Tubes, Twist Tubes and Other Products), Type (Laminated, Aluminum and Other Types), Application and By Geography

According to Stratistics MRC, the Global Tube Packaging Market is accounted for $13.2 billion in 2023 and is expected to reach $20.10 billion by 2030 growing at a CAGR of 6.20% during the forecast period. Tube packaging is a popular and versatile form of packaging characterized by its cylindrical shape. Tubes, commonly made of materials like plastic, aluminum, or laminate, are widely used for packaging various products such as cosmetics, pharmaceuticals, and food items. They offer practical benefits, including ease of dispensing, portability, and protection from external elements. The flexibility of tube packaging allows for customizable designs, branding, and convenient sizes, making it an attractive choice for both consumers and manufacturers. Its user-friendly nature, coupled with the ability to minimize product waste, has contributed to the widespread adoption of tube packaging across diverse industries.

According to AstraZeneca Global pharmaceutical sales globally in 2018 were 110 billion USD. According to the International Trade Administration, over 20% of US global exports are via Asian countries. According to the Institute of Scrap Recycling Industries China accounted for 52% of the world’s plastic scrap imports in 2018.

Market Dynamics:

Driver:

Innovation in materials and technology

Innovation in materials and technology is a key driver as it enables manufacturers to enhance product performance, reduce environmental impact, and meet evolving consumer demands. Advanced materials, such as lightweight and sustainable options, contribute to the overall efficiency and eco-friendliness of tube packaging solutions. Technological advancements in manufacturing processes improve production speed and quality, leading to cost-effective solutions. Also, incorporating smart packaging technologies, like RFID tags or interactive QR codes, enhances traceability and consumer engagement.

Restraint:

Logistical challenges

The tube packaging market faces logistical challenges primarily related to transportation and storage. The cylindrical shape of tubes may result in inefficient space utilization during shipping, leading to increased transportation costs. The vulnerability of tubes to damage requires careful handling, potentially slowing down the logistics process. Managing inventory and storage space for tubes can be complex due to their unique shape, making it challenging to optimize warehouse efficiency.

Opportunity:

Food and beverage

The tube packaging market presents a significant opportunity for the food and beverage industry due to its versatility and convenience. Tube packaging offers a practical solution for packaging various food and beverage products, such as sauces, condiments, beverages, and snacks. Its user-friendly design facilitates easy dispensing and portion control, enhancing consumer convenience. Additionally, tube packaging provides an extended shelf life, ensuring product freshness. With customizable options in terms of size, shape, and material, it allows brands to establish a distinctive identity on the shelves.

Threat:

Competition from other packaging formats

Alternatives such as bottles, jars, and pouches compete for market share, offering different shapes, sizes, and materials to meet diverse consumer needs. Tube packaging must continuously innovate in terms of design, functionality, and sustainability to maintain its relevance. The market's ability to adapt to changing consumer preferences and the growing demand for eco-friendly solutions will determine its resilience against rival packaging formats. Vigilance and strategic positioning are crucial for tube packaging manufacturers to effectively navigate this competitive landscape and secure their market position.

Covid-19 Impact:

The COVID-19 pandemic has significantly impacted the tube packaging market as consumer behaviour shifted during lockdowns and social distancing measures. Increased demand for hygiene and health-related products, such as hand sanitizers and pharmaceuticals, led to a surge in tube packaging usage. However, disruptions in the global supply chain and manufacturing processes, coupled with economic uncertainties, posed challenges for the industry. The market also witnessed a shift in preferences towards sustainable and eco-friendly tube packaging solutions as environmental consciousness grew.

The cartridges tubes segment is expected to be the largest during the forecast period

The cartridges tubes segment is experiencing robust growth within the tube packaging market due to its versatility and widespread application in various industries. The demand for cartridge tubes is propelled by their suitability for packaging adhesives, sealants, and pharmaceutical products. The convenience of dispensing and the ability to preserve product integrity make cartridge tubes a preferred choice. Additionally, the increasing focus on sustainable packaging solutions has further boosted the adoption of eco-friendly materials in carton tubes.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

The pharmaceuticals segment is experiencing notable growth in the tube packaging market due to several factors. Increased demand for convenient and portable packaging solutions, coupled with the rising emphasis on product safety and hygiene, has driven pharmaceutical companies to adopt tube packaging. Tubes offer precise dosage control, extended shelf life, and protection against contamination, addressing the stringent requirements of the pharmaceutical industry. Furthermore, the growing prevalence of over-the-counter (OTC) medications and the expansion of pharmaceutical markets in developing regions contribute to the escalating demand for tube packaging solutions.

Region with largest share:

The North American region has experienced substantial growth in the tube packaging market due to their suitability for on-the-go lifestyles. Increasing consumer demand for convenient and portable packaging solutions, along with a rising preference for sustainable and eco-friendly packaging, has driven the adoption of tube packaging in the region. Additionally, advancements in manufacturing technologies and materials have contributed to the versatility and appeal of tube packaging for a wide range of products, from cosmetics to pharmaceuticals.

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth in the tube packaging market, driven by burgeoning industries such as cosmetics, pharmaceuticals, and food and beverages. Rising consumer demand for convenient and sustainable packaging solutions has fuelled the adoption of tubes, known for their portability and eco-friendly attributes. Additionally, increased disposable income and changing lifestyles in emerging economies have contributed to the surge in product consumption, further boosting the demand for tube packaging.

Key players in the market

Some of the key players in Tube Packaging market include Albea S.A, Amcor PLC, Berry Global Inc., CCL Industries Inc., Clariant International Ltd., CPP Global Holdings Ltd., CTL - TH Packaging Group SL, Essel Propack Ltd., Fischbach KG., HCT Packaging Inc., IntraPac International Corporation, Printpack Inc., Silgan Holdings Inc. and Unicep Packaging, Inc.

Key Developments:

In November 2023, Berry Global has introduced a new version of its Omni Xtra polyethylene (PE) cling film designed for fresh food applications. Positioned as an alternative to traditional polyvinyl chloride (PVC) cling films, the newly introduced Omni Xtra+ film builds upon the established use of Omni Xtra in packaging fruit and vegetables, meat and poultry, as well as deli and bakery products.

In October 2023, Clariant, a sustainability-focused specialty chemical company, announced that it has agreed to acquire Lucas Meyer Cosmetics, a leading provider of high value ingredients for the cosmetics and personal care industry, from International Flavors & Fragrances (IFF) for a total cash consideration of USD 810 million (~ CHF 720 million) on a debt-free.

Products Covered:
• Squeeze Tubes
• Twist Tubes
• Collapsible Tubes
• Cartridges Tubes
• Extruded Tubes
• Stick Tubes
• Other Products

Types Covered:
• Laminated
• Aluminum
• Plastic
• Paper
• Other Types

Applications Covered:
• Adhesives
• Cleaning Products
• Cosmetics
• Food & Beverage
• Oral Care
• Paint
• Pharmaceuticals
• Shoe Polish
• Sealants
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements