Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Tube Packaging Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Tube Packaging Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Tube
Packaging Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Tube Packaging Market is offered. In accordance with the report, the global
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
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 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 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 among men and women of middle-age apart from makeup products.
This drives the demand for compact packing that can only be satisfied by tube
packaging. The surge in personal care among the global population is constantly
growing and reaching new heights owing to the urbanization, changing lifestyle
patterns, and improving standard of living. These factors are fueling the
growth of this market.
The
broadening base of application of 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 and affects 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.
A
significant demand of tube packaging comes from the food and beverage sector.
Protective vessels are highly demanded in this sector to avoid food
contamination and wastage. This is empowering the growth of the tube packaging
market.
The
convenience associated with the utilization of tube packaging by the consumers
is bolstering the growth of this market. They are low priced and highly
portable by the consumers and improves the shelf life of the content which is
powering the growth of this market.
Market Restraints
The
volatile prices of the raw materials used in the production of tubes are
negatively affecting the tube packaging market. Plastics like terephthalate and
polyethylene are used in the production process and the prices of this products
are always fluctuating. Aluminum is used in the production which consists of
price fluctuating properties.
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.
Further,
the utilization of plastics and polymers in the production of tubes cause
certain environmental degradation. Moreover, after utilization, these products
are not so easy to dump and causes environmental concerns. The Stringent
regulations of the government that are aimed at regulating the use of plastic
is severely straining 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
At
present, the North America region dominates the market for tube packaging and
is expected to continue its domination. This progress can be traced back to the
growth of the personal care and healthcare sector, the presence of medium scale
and small-scale manufacturers of tube packages, the urge for lightweight and
convenient packaging that assists the production and printing procedure. Europe
is also estimated to witness significant growth in the forecast period in this
market due to the presence of producers of healthcare and personal care
products and the presence of contract manufacturers. As a matter of fact, the Asia Pacific region
is estimated to emerge as the fastest growing region in this market in the
forecast period. This progress can be attributable to the prospering end use
sector in this region and the improvement of standard of living in this region.
Globally, this market is projected to grow at a CAGR of 6.0% in the forecast
period.
Segment Covered:
This market
intelligence report on the global Tube Packaging Market encompasses market segments based on product type,
material type, application and country.
By
Product Type the global Tube Packaging Market has been divided into:
q Aluminium
Tube
q Extruded
Plastic Tube
q Laminated
Tube
By Material Type the global Tube
Packaging Market has been divided into:
q Plastics
q Aluminium
q Bioplastics
q Others
By Application
the global Tube Packaging Market has been divided into:
q Consumer
Goods
q Food
q Healthcare
q Personal
Care and Oral Care
q Others
By country/region,
the global 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 Silgan
Holdings Inc
q Amcor
PLC
q Berry
Global Group Inc
q Covaries
Holdings SA
q Essel
Propack Limited
q CCL
Industries Inc
q Hoffman
Neopac AG
q Romaco
Group
q Montebello
Packaging
q VisiPak
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as 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
Silgan Holdings Inc
In January 2020,
Silgan Holdings Inc made an announcement of signing deal for the acquisition of
Albea’s dispensing business. The contract amount being USD 900 million.
Amcor PLC
In March 2018,
Amcor collaborated with SIG for sourcing of aluminum. The prime objective of
the collaboration was the compatibility of aluminum foil supply chain with
Aluminum Stewardship Initiative’s statutes.
Berry Global Group, Inc
In February
2018, Clopay Plastic Products Company was acquired by Berry Global Group Inc at
an amount of USD 475 million in cash.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the 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 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 Tube Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for 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 Tube Packaging Market
v
Identification
of key factors driving investment opportunities in the 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