Global Tube Packaging Market Analysis 2022
The Global Tube Packaging Market is expected to reach $16.93 billion by 2028 growing at a CAGR of 8.6% from 2021 to 2028. Tube packaging is in widespread use for creams, ointments, gels, and even thick liquids. It is used for packaging is used for solids as it offers a layer of protection, preventing the contents from breakage. Tube packaging is a unique and creative way to store products.
Factors such as increasing demand for convenience packaging and growth in flexible packaging are driving the growth of the market. However, stringent government regulations are restraining the growth of the market.
Based on the type of packaging, the squeeze tubes segment is going to have a lucrative growth during the forecast period as they offer excellent barrier properties such as damage proof, non-toxic, and hygienic. They are preferred because they are convenient and easy to use.
The key vendors mentioned are Albea Group, Worldwide Packaging Inc., Auber Packaging Solutions, Visipak., Unicep Packaging, Constantia Flexibles., Sonoco Packaging Company, Montebello Packaging, Intrapac International Corporation., Hoffmann Neopac AG, Essel Propack Ltd., M&H Plastics, CCL Packaging, Unette Corporation, Amcor Ltd., Huhtamaki OYJ., Viva Group, 3D Technopack Ltd, and Alltube Group.
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