Global Laminate Tube Packaging Market by Product Types, Application, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global laminate tube packaging market was valued at USD 400 million in 2019 and is projected to reach over USD 1300 billion by 2026, expanding at a CAGR of more than 14% during the forecast period, 2020–2026. The growth of the market is attributed to the rising inclination of customer preference for safe, convenient, and sustainable packaging solution.
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A tube packaging is an empty and tube shaped compartment packaging and is essentially utilized for containing thick fluids, such as balm, toothpaste and adhesive. During assembling and filling forms, the two ends of the tube are treated in a different manner. There is an oval opening toward one side of the cylinder body, which can be shut by caps and closures. The opposite end is folded or fixed after addition of substance. Tube packaging holders are extruded and customized with printing, marking, punching, cutting, creasing and different fabrications so as to make an utilitarian and remarkable package.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising urbanization and growing working population is driving the growth of the market.
- Growing convenience and hygiene adoption among population worldwide is a favorable factor driving the market growth.
- Rising environmental issues due to wastages produced during packaging process is acting as a restraint for the growth of the market.
- Varying packaging regulations across countries is a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.
Competitive Landscape:
Some of the other key players operating in the market include Amcor Ltd., Albea Group, CCL Industries, Sonoco Products Company, Sinclair & Rush Inc., Essel Propack Ltd, Huhtamaki, Montebello Packaging, World Wide Packaging LLC, and Unette Corporation. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
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The Global Laminate Tube Packaging Market has been segmented on the basis of
Product types
- Squeeze Tubes
- Twist Tubes
Applications
- Personal Care
- Food & Beverages
- Pharmaceuticals
- Cleaning Products
Regions
- Asia Pacific
- China
- India
- Japan
- North America
- Canada
Latin America
- Brazil
- Mexico
- Europe
- Germany
- France
- Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- laminate tube packaging market Overview
- Global laminate tube packaging market Analysis and Forecast by Type
- Global laminate tube packaging market Analysis and Forecast by Application
- Global laminate tube packaging market Analysis and Forecast by Sales Channel
- Global laminate tube packaging market Analysis and Forecast by Region
- North America laminate tube packaging market Analysis and Forecast
- Latin America laminate tube packaging market Analysis and Forecast
- Europe laminate tube packaging market Analysis and Forecast
- Asia Pacific laminate tube packaging market Analysis and Forecast
- Middle East & Africa laminate tube packaging market Analysis and Forecast
- Competition Landscape
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