May 22, 2024
Tube Packaging Market

Tube Packaging Market Is Expected To Be Flourished By Growing E-Commerce Industry

Tube packaging refers to cylindrical packaging solutions that protect products from damage and contamination during shipment and storage. Tube packaging is commonly used for pastes, gels, lotions, caulks, and other viscous products. These packaging solutions can be made from a variety of materials such as plastic, aluminum, paper, and laminates depending on the product requirements and end-use application. Plastic tube packaging holds the largest market share as plastic provides excellent barrier properties and is cost-effective compared to other materials. Other key advantages of tube packaging include easy application of contents, precise dosage, and re-closability.

The global tube packaging market is estimated to be valued at US$ 10585.97 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The e-commerce industry has experienced tremendous growth over the past few years and is expected to further flourish in the coming years. As e-commerce platforms continue to penetrate the retail sector across regions, the demand for effective and safe packaging solutions is also rising significantly. Tube packaging offers tamper evidence, leak resistance, and prevents product spillage during shipment, making it an ideal choice for e-commerce distribution channels.

Market Dynamics:

Tube Packaging Market is Expected to be Flourished by Growing E-Commerce Industry is one of the key drivers expected to boost the tube packaging market growth over the forecast period. Additionally, rising product innovations in tube packaging designs and materials to enhance performance, appeal, and sustainability will also propel the market forward. For instance, manufacturers are developing tube packaging solutions made from recycled materials to reduce environmental footprint. Rapid urbanization and growing working population have been fueling the demand for convenient packaging across various industries such as cosmetics & personal care, food & beverages, and pharmaceuticals, thus augmenting the tube packaging sales. Furthermore, robust growth of end-use industries and evolving consumer lifestyle and preferences are some other factors anticipated to offer lucrative opportunities for market players during the forecast timeframe.

Segment Analysis

The global tube packaging market is dominated by flexible packaging segment. Flexible packaging is preferred due to properties such as lightweight, easy to handle and print, leak resistance, various sizes and shapes. It provides enhanced product visibility that attracts consumers. Flexibility of material allows tubes to squeeze readily thereby dispensing the contents efficiently. Rigid packaging accounts for a sizable share as well due to its sturdiness in handling viscous products and capability to stand on shelf without support.

PEST Analysis

Political: Stringent packaging regulations in countries worldwide regarding use of recyclable and eco-friendly materials is influencing tube packaging manufacturers to adopt sustainable production practices.
Economic: Rising per capita incomes in developing economies is driving demand for wide range of personal care and healthcare products boosting tube packaging market size.
Social: Growing health awareness among consumers particularly related to oral, skin and hair care is positively impactingmarket growth.
Technological: Advances in printing, decoration and tube forming technologies help manufacturers provide customized tubes with aesthetic designs appealing to customers. Adoption of digital printing is enabling just-in-time production.

Key Takeaways

The global Tube Packaging Market Share is expected to witness high growth over the forecast period driven by expanding end-use industries. The global tube packaging market is estimated to be valued at US$ 10585.97 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030.

Asia Pacific dominates the market currently owing to presence of major personal care producers and consumer base in countries such as China, India. China accounts for the largest share in the region prompted by rising exports of personal care products from the country.

Key players operating in the tube packaging market are 3M Company, Arthrex, Inc., ArthroCare Corporation. Key players are focusing on new product launches, mergers, collaborations and capacity expansions to strengthen their market position. For instance, Arthrex launched new centrifugation systems and arthroscopic shavers. 3M Company expanded its silicone tube capabilities in Canada and Mexico.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it