Plastic Tube Packaging Market Size, Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023
Summary
Plastic Tube Packaging Market Size, By Type (Squeeze, Extruded, Twist and Others), By Application (Personal Care, Pharmaceuticals, Food, Others) and by Region - Forecast To 2023
Market Highlights
According to IMS Market Prognosis, the global spending on medicine for the year 2011 accounted for USD 956 billion and is estimated to reach USD 1,175-1,205 billion in 2016.
The pharmaceutical sector accounted for 20% of spending on medicine in 2011 and is estimated to account for 30% in 2016.
Key Players
The key players of global Plastic Tube Packaging Market Size, includes Amcor Ltd. (Australia), Albea Group (Luxembourg), CCL Industries (Canada), Sonoco Products Company (U.S.), Sinclair & Rush, Inc. (U.S.), Essel Propack Ltd (India), Huhtamaki (Finland), Montebello Packaging (Canada), World Wide Packaging LLC (U.S.), Unette Corporation (U.S.) and others.
Research Analysis
The development of new and diversified technologies is creating opportunities within the packaging industry. Increasing demand for airless tubes across the globe and the availability of high-quality printing at a low-cost are driving the global Plastic Tube Packaging Market Size, growth. Recent market trends show a very high growth rate for the flexible packaging industry, driving the global Plastic Tube Packaging Market Size,. Very strict and stringent regulatory rules along with high competition from substitute products are restraining the market. The rapid growth rate of the cosmetics and toiletries market in the developing countries is an attractive investment opportunity in the global tube packaging market. Plastic tube demand in beauty is largely defined by Facial moisturizers and cleansers, toothpaste consumption. While future growth may primarily come from Asia and Latin America where the category expands in line with rising modern retail outlets, pack sizing strategies will be key in driving sales across the globe. Geographically, the global tube packaging market is significantly large in Europe and North America due to increasing per capita income and consumer spending. Moreover, Asia Pacific is expected to be the fastest growing segment.
The global Plastic Tube Packaging Market Size is expected to grow at ~6.02% CAGR during the forecast period 2017-2023.
Scope of the report
This study provides an overview of the global Plastic Tube Packaging Market Size,, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Plastic Tube Packaging Market Size, by its product and region.
By Type
- Squeeze
- Extruded
- Twist
- Rigid Tubes
- Others
By Type
- Personal Care
- Pharmaceuticals
- Food
- Consumer Goods
- Others
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
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