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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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 trade of plastic products is booming, with numerous companies engaging in significant shipments across international waters. Recent data highlights key players, loading and unloading ports, and the scale of transactions, reflecting the dynamic nature of this market segment. Here’s a closer look at some notable transactions in the plastic industry:
This shipment illustrates a strong demand for plastic products and the efficient logistics between the Dominican Republic and Puerto Rico.
This significant import activity underscores Fetzer’s strategic trade relationships within the Americas.
This collaboration highlights strong ties between German manufacturers and U.S. distributors in the scientific and industrial sectors.
These shipments reflect the ongoing demand for plastic products in various U.S. markets.
This transaction highlights the strong trade relationships between European manufacturers and U.S. importers in the beverage industry.
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