Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Squeeze Tube Packaging Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Squeeze Tube Packaging Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Squeeze
Tube Packaging Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Squeeze Tube Packaging Market is offered. In accordance with the report, the global
Squeeze Tube Packaging Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
A
squeeze tube is a void and cylinder-shaped container which acts as a container
of watery components. It is squeezable and is applied for packaging. In the
process of manufacturing and filling a tube, the either ends of the tube are
distinctly treated. One edge of the squeeze tube body consists of an oval
orifice which comprises the cap or closure of the tube. While the other edge is
sealed to prevent leakage after the incorporation of the vicious liquid
component. With the aim of providing uniqueness to the packaging, the tube is
then labeled, printed and processed for aesthetic pleasure.
Market Drivers
The
primary drive for the squeeze tube packaging market arrives from its
significant application in the personal care sector. The soaring craze for
aesthetic pleasure has widened the application of anti-aging creams, sun block
creams and anti-tan packs and also other cosmetic products among men and women
of middle-age apart from makeup products. This drives the demand for compact
packing that can only be satisfied by squeeze tube packaging. The surge in
personal oral care and oral hygiene among the global population is constantly
growing and reaching new heights which is fueling the growth of this market.
The
broadening base of application of squeeze tube packaging in the pharmaceutical
industry is another factor propelling the growth of this market. This kind of
packaging protects the drugs from contamination and shields the drugs from the
negative reaction of exterior temperature like moisture and direct sunlight.
Polyethylene is most common kind of tube packaging used in this sector on
account of its durability, flexibility, feathery properties.
The
convenience associated with the utilization of squeeze tube is augmenting its
market. Squeeze tube packaging improves the life span of the products and can
be produced at a very reasonable price. This type of packaging is reusable and
does not necessitates the need for secondary packaging. Further, the raw
material used in the manufacturing process of squeeze tubes are cheaply
available. All these factors are accelerating the growth of this industry.
Advancement
in technology is augmenting the growth of the squeeze tube packaging market.
Market Restraints
The
availability of products that can replace squeeze tube packaging solutions
which include stand up pouches is threatening the growth of this market.
Moreover,
squeeze tube packaging can only be used small quantities of products. This
packaging format cannot be used for products with larger volumes which is
straining the market prospects of squeeze tube packaging market.
The
various global, regional and local regulations that the tube packaging market
has to face is impeding the growth of this market. The existing trade barriers
in this market is hindering the growth of this market.
Opportunities
Although
the employment of plastic is hindering the market growth, technological
advancement has led to the deployment of bioplastics in tube packaging. This is
aimed towards sustainable packaging concerns which is expected to provide
lucrative opportunities to this market.
Further,
prosperous end use sector namely, the personal care sector, pharmaceutical
industry and the food and beverage sector is expected to thrive and grow
because it is indispensable part of the human civilization which is likely to
create better market for tube packaging in the coming years.
Trends
The
North America and Europe Market dominates the market for squeeze tube packaging
solutions owing to the transitioning living patterns of the consumers in this
region. Europe is estimated to predominate as the leader in this market because
of the craze for personal care and oral care products in this region, the
presence of a good supply chain for this product and the presence of prosperous
end use sectors. The Asia Pacific region is projected to emerge as the fastest
growing region in this market in the forecast period. Such progress is
attributable to rapid industrialization in this region and the constantly
evolving trade activities and the demand for consumable goods. Latin America
and Middle East and Africa is approximated to witness growth in this market
because of the incorporation of diverse economic activities in this region.
Segment Covered:
This market
intelligence report on the global Squeeze Tube Packaging Market encompasses market segments based on material type, end
use industry, end use products and country.
By Material
Type the global Squeeze Tube Packaging Market has been divided into:
q EVOH
q LLDPE
q MDPE
q HDPE
q LDPE
By End Use Industry the global Squeeze
Tube Packaging Market has been divided into:
q Lubricant
Industry
q Food
Industry
q Pharmaceutical
Industry
q Household
Goods
q Personal
Care Products
q Others
By End
Use Products the global Squeeze Tube Packaging Market has been divided into:
q Medications
q Detergents
q Shampoos
q Conditioners
q Liquid
Soap
q Skin
Creams
q Sauce
q Lotions
q Gels
q Others
By country/region,
the global Squeeze Tube Packaging Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Berry
Global Inc
q Albea
S.A.
q Praxis
Packaging
q Amcor
Limited
q Montebello
Packaging Inc
q IntraPac
International Inc
q Essel
ProPack Limited
q Worldwide
Packaging Inc
q Huhtamaki
OYJ
q L.Smith
Company
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Squeeze Tube Packaging Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Berry Global Inc
In November
2017, soft touch laminate tubes were launched by Berry Global Inc. These were
highly resilient and also scuff-resistant. This product was launched to emit
the bottlenecks of traditional soft touch tubes.
Albea S.A.
In October 2019,
the invention of carton-based cosmetic tube took place. It was the result of
the partnership between Albea S.A. and L’Oreal. In this kind of tube packaging,
a significant portion of plastic is substituted by certified paper-like and
bio-based material.
Praxis Packaging
In November
2017, Unette Corporation was acquired by Praxis Packaging. This acquisition was
aimed at the expansion of packages portfolio including squeeze tube packages
for lotions, creams and many more.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Squeeze Tube
Packaging Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Squeeze Tube Packaging Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Squeeze Tube Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Squeeze
Tube Packaging Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Squeeze Tube Packaging Market
v
Identification
of key factors driving investment opportunities in the Squeeze Tube
Packaging Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
