"Global Tube Packaging Market Insights: Trends, Analysis, and Forecasts for 2024-2032"

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Tube Packaging Market Size, Share & Industry Analysis, By Type (Plastic, Aluminum, Laminate, and Others), By Capacity (Up to 50 ml, 51 ml to 100 ml, 101 ml to 150 ml, and Above 150 ml), By End-Use (Personal Care & Cosmetics [Skin Care, Oral Care, Hair Care, and Body Care], Food, Pharmaceutical, Home Care, and Others), and Regional Forecast, 2024-2032

The global tube packaging market size was valued at USD 9.27 billion in 2023 and is projected to grow from USD 9.74 billion in 2024 to USD 15.16 billion by 2032, exhibiting a CAGR of 5.69% during the forecast period. Tubes are mainly utilized for ointments, creams, gels, and other thick products. Some of the producers also use plastic packaging when they need sturdier packaging. The surging demand for eye-catching and attractive packaging drives the market expansion.

Fortune Business Insights™ mentions this in a report titled, “Tube Packaging Market, 2024-2032.”

Segments

Surging Demand for Laminate Tubes to Propel Segment Growth

Based on type, the market is classified into plastic, aluminum, laminate, and others. The laminate segment accounts for the dominant tube packaging market share. The rising demand for laminate tubes in the cosmetics and personal care industry drives the segment’s dominance.

Growing of Tubes in the Pharmaceutical Sector to Augment Up To 50 ml Segment Growth

By capacity, the market for tube packaging is categorized into up to 50 ml, 51 ml to 100 ml, 101 ml to 150 ml, and above 150 ml. The up to 50 ml segment dominates the market in terms of share. The growing use of tubes in the skin care products packaging and pharmaceutical sector due to the surging use in the trial packs.

Personal Care & Cosmetics Segment to Dominate Due to Surging Demand for Cosmetics Products

On the basis of end-use, the market is divided into personal care & cosmetics, food, pharmaceutical, home care, and others. The personal care & cosmetics segment accounts for the dominant market share. The surging demand for cosmetics products, including creams, lotions, and gels, involving easy-to-use and convenient packaging drives the segment expansion.

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The report offers:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the tube packaging market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Surging Middle Class and Disposable Income to Boost Market Expansion

The surging disposable income and middle class population in the emerging markets boost the growth of the segments, including premium beauty and personal care products. The surging demand for fragrances and grooming products for men is expected to propel the tube packaging market growth during the forecast period.

However, these tubes discharge chemicals from the plastic used in the product, resulting in the absorption of toxic chemicals via skin during use that cause skin irritation may impede market expansion.

Regional Insights

Surging Innovation to Drive Market Growth in Asia Pacific

Asia Pacific accounts for the dominant share in the market for tube packaging. The growth of the region is propelled by the increasing innovation and growing demand for sustainable packaging across Asia Pacific, owing to the awareness among people.

North America is witnessing a significant growth rate due to the increasing demand for personal care products, such as leave-in treatments and shampoo, specifically for runners, swimmers, and workout junkies.

Competitive Landscape

Major Market Players are Providing Innovative Packaging to Lead Market Growth

The tube packaging market is highly competitive and includes key players, such as ALPLA, ALLTUB, and others. These major market players are offering innovative packaging to lead the market, propelling market growth.

Get More Information: https://www.fortunebusinessinsights.com/tube-packaging-market-109633

Key Industry Development

May 2023 – Stora Enso, in partnership with Blue Ocean Closures and AISA, produced a paperboard tube with a fiber-based closure. This new and innovative wood fiber-based concept will help the brand owners raise the renewable material share in their packaging. This new solution consists of over 85% fiber content, which is the highest available portion in a tube design.