This industry research report outlies the market forecast of tube packaging until 2019. The research report details the market segmentation by end-users (cosmetic and oral care, food and beverages, and pharmaceuticals), and products (squeeze tubes, twist tubes, cartridge, and others). It includes the market shares for Europe, North America, APAC, and ROW. The leading vendors analyzed by this report include Albéa, Amcor, Constantia Flexibles, Essel Propack and Huhtamaki.
Technavio’s market research analysts estimate the global tube packaging market to grow at a CAGR of around 7% between 2015 and 2019. Factors that can be attributed to this market’s growth are growth in the retail sector and the rise in the disposable income of consumers. Europe dominates the global market for tube packaging, accounting for around 34% of the total market share. The region is home to major cosmetic companies like Avon Cosmetics, L’Oréal Haarkosmetik und Parfümerien. Also, the demand for cosmetic and oral care products and the proliferation of renowned retail product manufacturers is propelling growth in this region.
The new market research report from Technavio provides a breakdown and analysis of the tube packaging segments by technology.
“Of late, the market is witnessing the introduction of airless tubes, which offer several economic and aesthetic advantages. Airless packaging retains moisture inside the tube, prevents spilling and contamination. Major demand for this kind of packaging is coming from the pharmaceutical industry. For insatnce, NeoStrata uses LuxeFoil airless packaging tubes for packaging a skin treatment medicine due to the better barrier shied of these tubes,” says Sriram Mohan, Lead Analyst, Transport & Logistics, Technavio Research.
Cosmetic and oral care is the major en-user of the tube packaging market, accounting for more than 51% of the overall market share. Most consumers prefer tube packaging because of the convenience it offers. Squeeze tube packaging holds the highest market share owing to the innovations in the retail network and changing hygiene habits among consumers like brushing twice a day. Moreover, the market saw a 4% rise in the volume of squeeze tube packaging in 2014.
The leading vendors in the global tube packaging market are Amcor, Constantia Flexibles, and Essal Pack. Intense competition prevails in the market, which has led to the introduction of several innovative products like spray tubes and small size tubes in the market.
A more detailed analysis is available in the Technavio report, Global Tube Packaging Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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