PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1551918
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1551918
The market size for tube packaging reached USD 3.5 billion in 2024 and is projected to reach USD 4.6 billion by 2029, with a CAGR of 5.9% during the forecast period. Due to the increasing consumer demand for packaging that is hygienic, eco-friendly, and simple to use, the market for tube packaging is expected to expand throughout the projected period. Environmental concerns are being addressed by new sustainable materials and designs, and the usage of tubes is growing in sectors like as food, medicine, and cosmetics. The need for robust and adaptable packaging solutions such as tube packaging is further increased by the growth of e-commerce and international shopping.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million/Billion), Volume (Million Units) |
Segments | Type, Packaging Type, Capacity, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, South America, and Middle East & Africa |
By type, aluminium holds the second-largest market share
Aluminum is the second largest segment in the tube packaging market because of its superior barrier properties, which shield contents from light, air, and moisture, thus prolonging shelf life and preserving product quality. Its durability and versatility in shaping make it ideal for premium and sensitive products like pharmaceuticals and cosmetics. Aluminum's recyclability addresses increasing environmental concerns, boosting its appeal in the tube packaging market.
By capacity, up to 50 ml holds the second-largest CAGR
This up to 50 ml segment is growing as a result of the emergence of e-commerce and rising customer demand for small, multipurpose products. This range of tube sizes meets the demand for flexible and reasonably priced packaging options, enabling manufacturers to provide easily accessible and user-friendly products. The usefulness and aesthetic appeal of smaller-sized tubes is improved by advancements in tube design and material.
By application, beauty & cosmetics account for the second-highest CAGR during the forecast period
Beauty & cosmetics application is projected to have the second highest CAGR due to the increased focus on convenience and aesthetics, as well as the growing demand for personal care goods, the beauty and cosmetics industry is expanding significantly. Customers want products like creams, lotions, and serums to have packaging that is both visually appealing and simple to use. This rise is also being driven by improvements in tube packaging that cater to preferences for personalization and sustainability.
By region, the North American tube packaging market holds the third-largest market share
According to the American Dental Association, while most Americans maintain excellent oral health and keep their natural teeth throughout their lives, cavities remain the most common chronic disease among children. Nearly 100 million Americans still do not visit a dentist annually, even though regular check-ups and good oral hygiene can prevent most dental issues. This growing demand for oral care products is anticipated to significantly boost the tube packaging market in North America.
By Company: Tier1: 40%, Tier 2: 25%, Tier3: 35%
By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
By Region: North America: 25%, Europe: 20%, Asia Pacific: 35%, and Middle East & Africa: 15% South America: 10%.
Companies Covered: Albea Group (France), EPL Limited (India), Berry Global Inc. (US), Amcor Plc (Zurich), and Hoffmann Neopak AG (Switzerland) are the key players in the tube packaging market.
Research Coverage
The market study covers the tube packaging market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, capacity, package type, application, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the tube packaging market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall tube packaging market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the tube packaging market