A number of brands are choosing to package cosmetics and various other items in tubes. It is widely used for thick liquids, gels, ointments and the creams. Since it provides a layer of protection that keeps the contents from breaking, it can also be utilized for solids. Tubes may now store a wider variety of contents due to the development of plastic tubes rather than aluminum ones. Nonetheless, tubes made of cardboard with eco-friendly credentials and aluminum tubes are still widely used. Tubes are increasingly chosen as packing container for many products since tube closures come in a variety of sizes and forms. Apart from their affordability, eco-friendliness, and ability to safeguard active ingredients, they are also highly adaptable and convenient. Thus, the tube packaging market is anticipated to augment with a considerable CAGR during the forecast period.
The growing consumer preference for convenience and ease of use in household products coupled with the rise of e-commerce and online retailing is anticipated to augment the growth of the Tube packaging market within the estimated timeframe. The growing awareness and concern for environmental sustainability along with advancements in packaging technology are also expected to support the market growth. Furthermore, the expanding middle-class population in emerging economies as well as the rising disposable incomes and changing lifestyle patterns is also likely to contribute to the growth of the market in the years to come. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
The global tube packaging market size is estimated to reach USD 18.68 billion by 2033, up from USD 10.73 billion in 2023, at a compound annual growth rate (CAGR) of 5.82% from 2024 to 2033.
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The squeeze and collapsible segment captured largest market share of 72.61% in 2023. Since they are more flexible and are able to hold and dispense more types of products than traditional containers like jars and bottles, as well as being less complicated and costly to build, fill and cap, squeezable and collapsible tubes are becoming much more common in practically every industry today. For all of the above stated reasons along with the superior durability, improved resistance to breakage, airtightness as well as the extended product shelf life; the cosmetics and personal care sectors have substantially increased their usage of plastic squeeze tubes. Squeeze tubes are being used more and more and this has led to the introduction of numerous varieties such as plastic, laminate and metal tubes.
The personal care & oral care segment held largest market share of 62.34% in 2023. This is owing to the increasing consumer awareness and demand for hygiene and grooming products. The innovation and variety in the product formulations and packaging designs within the personal care and oral care industries is also likely to support the segmental growth the market. Companies are continuously launching new products with specialized packaging to maintain efficacy and appeal to consumers.
For instance,
Asia Pacific held largest market share of 34.23% in 2023 and is expected to grow at a fastest CAGR of 7.83% during the forecast period. This is owing to the growing demand for cosmetics and personal care products in economies like Korea, China and India. According to the data by the International Trade Administration, in 2021, South Korea’s cosmetic production reached the pre-pandemic levels, with a 9.8% increase in value from the year before to $14.5 billion. Additionally, the cosmetic exports reached a new high, rising by 21.3 percent to $9.2 billion from the year before. Furthermore, the increasing middle-class population and a growing preference for premium products are also likely to support the regional growth of the market.
North America is expected to grow at a substantial CAGR of 4.89% in 2023. This is due to the increasing demand for demand for pharmaceutical products such as medications, ointments, and creams across the region. Also, the increasing rise of direct-to-consumer brands, particularly in the beauty and personal care sectors along with the growing online shopping trend is further expected to support regional growth of the market in the years to come. Furthermore, the growing demand for convenience and ease of use in packaging as well as increasing use of candles for home décor, relaxation and stress reduction is also expected to support the regional growth of the market in the near future.
Some of the key players in tube packaging market are Albéa Group, Berry Global Inc., Essel Propack Limited, CCL Industries, Huhtamäki Oyj, Amcor plc, Sonoco Products Company, Montebello Packaging, Alltub Group, and Hoffmann Neopac AG, among others.
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