Tube Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
Albany, NY -- (SBWIRE) -- 02/15/2016 -- A recent market research report by Transparency Market research presents an in-depth analysis of the global tube packaging market. The research report, titled "Tube Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023", provide insights into the market, including product segmentation, market drivers and challenges, geographical segmentation, and competitive analysis.
The substantial growth of the packaging industry, along with the excellent barrier properties of tube packaging and rising preference of consumers for sustainable packaging, is one of the major factors propelling the global tube packaging market throughout the forecast period. Nevertheless, the market is expected to witness stiff competition in the forecast period due to the presence of several major players operating in the global tube packaging market.
On the basis of material type, the global market for tube packaging has been classified into plastic tubes, laminate tubes, aluminum tubes, and others. Among these, the laminated tube segment is expected to lead the growth of the global tube packaging market in the forecast period. On the basis of application, the global tube packaging market has been divided into food and beverages, cosmetics and oral care, consumer goods, and pharmaceuticals. Among all the applications, the cosmetics and oral care segment is projected to witness high growth owing to the improving lifestyles of consumers across the globe. The cosmetics and oral care segment is followed by pharmaceuticals, which is also expected to fuel the growth of the overall market in the next few years. On the basis of product type, the global market has been segmented into twist tubes, squeeze tubes, and others. The rising preference for convenient packaging is projected to boost the demand for squeeze tubes in the global market.
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The research report on the global tube packaging market has been segmented on the basis of geography into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Among these regions, Europe accounts for the highest share in the global market, followed by North America. The high growth of the market in these two regions can be attributed to the increasing consumer spending and rising per capita income. On the other hand, the Asia Pacific tube packaging market is expected to grow rapidly owing to the rising demand for innovative and sustainable packaging in developing nations such as India and China. The growing demand for innovative packaging in several parts of the Middle East and Africa is a major factor that is estimated to boost the demand for tube packaging in this region throughout the forecast period.
The research report further covers a competitive analysis of the global tube packaging market including the company profile, product portfolio, financial overview, business strategies, mergers and acquisitions, and recent developments. Some of the major players operating in this market are Essel Propack, Sonoco Products Company, Amcor Limited, Worldwide Packaging, Albea Group, Unette Corporation, Visipak, Montebello Packaging, and Huhtamaki OYJ.
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