Packaging Tubes Market is projected to reach US$ 4.4 Billion by 2028 with rising demand

The packaging tubes market is anticipated to reach US$ 4.4 Billion in 2028 at a CAGR of 5.0% from US$ 3.2 Billion in 2022. According to a study by Future Market Insights, the market for packaging tubes used in the cosmetics, oral care, and pharmaceutical industries is expected to increase by about US$ 1 billion between 2022 and 2028. These industries are also expected to account for about 4/5 of the global packaging tubes market by that time.

The growth of the market is attributed to the increasing demand for packaging tubes in various end-use industries, such as cosmetics, personal care, food, and pharmaceuticals. Packaging tubes are preferred over other packaging formats due to their lightweight, portability, and ease of use. They are also recyclable and sustainable, which is in line with the growing environmental concerns.

The key players in the packaging tube market are Amcor, Bemis, CCL Industries, Huhtamaki, Sonoco Products Company, and Sealed Air Corporation. These companies are focusing on innovation and the development of new products to meet the growing demand for packaging tubes. They are also expanding their geographical presence to tap new growth opportunities.

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Here are some of the key trends in the packaging tubes market:

The packaging tubes market is a fragmented market with a large number of small and medium-sized players. The key players in the market are focusing on strategic partnerships and acquisitions to expand their product portfolio and geographical reach.

Laminated Tubes Are Most Likely to Outperform Aluminum Tubes in Terms of Adoption & Growth Rate

Immense ease of use, convenience, and portability will collectively enable laminated tubes to witness healthy traction in near future. As consumers are moving away from rigid packaging formats such as plastic and aluminium-based packaging tubes, they are more inclined towards laminated tube packaging, which is expected to push the performance of laminated tubes in the packaging tubes market in next few years. However, the substitutes such as stick packs, pouches, and sachets may limit this growth, with an advantage in terms of price and convenience. Aluminum tubes, though account for the maximum revenue share, are expected to witness a heavy decline in near future.

‘Premium’ Personal & Beauty Care Products Come in Laminated Tubes

Laminated tubes, which were only considered for packaging of hand lotion, toothpaste, and a series of similar products till a decade ago, are increasingly being embraced by a number of beauty and personal care brands. To harness the most of structural, functional, and design flexibility of laminated packaging tubes, brands are using them for packaging almost every beauty and personal care product on retail shelves. ‘Premiumization’ has been a big trend in personal and beauty care industries, which manifests in a wide range of decorating possibilities and a number of material attributes such as texture. Moreover, it also enables manufacturers to include metallics on tubes and closures, and create virtually seamless, 360 degree decorated packaging tubes.

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Technological Intervention to Benefit Laminated Tube Sales

Recently, a beauty care brand introduced a range of products packaged in fully decorated plastic tubes, which are manufactured using the innovative digital print technology in mass scale. The tubes look vibrant and are include seamless structure, tactile embossing, photorealistic images, and cap-to-tube printing. These packaging tubes are likely to attract an exceptionally large female consumer base in near future. Brand owners are foreseen to innovate their existing product offerings with innovative digital print – direct-to-print technology. Also, growing adoption of flexographic printing technology by tube manufacturers is anticipated to contribute to the market growth through 2028.

The shift of a growing number of pharmaceutical players to laminated tube packaging from plastic and Aluminum-based packaging, is conscious and marked, and has been attributed to several noteworthy anti-contamination properties possessed by this packaging tube type. The global market for packaging tubes is witnessing rapid uptake of laminated tubes in the pharmaceutical industry, especially for packaging of OTC products, which is expected to boost the market performance in near future.Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges.

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Packaging Tubes Market By Category

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact: Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected]Browse latest Market Reports: https://www.futuremarketinsights.com/reports