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The global plastic tube packaging market is experiencing numerous changes with evolving client expectations such as accessibility in small sizes, acceleration of technological innovation, and shifts in competitive power.
Segmental Analysis
The global plastic tube packaging market is segmented based on type, application, and regions. By type, the market is segmented into squeeze, extruded, twist, rigid tubes, and others. By application, the market is segmented into personal care, pharmaceuticals, food, consumer goods, and others. by region, the global plastic tube packaging market is segmented into North America, Asia Pacific, Europe, and the rest of the world (RoW).
The growing demand for cosmetics, ‘ready to eat’ and ‘on the go’ foods, and medical care are driving the market in the application segment and are expected to show significant growth over the forecast period. The market is dominated by the squeeze and twist segment of the plastic tube packaging market and is estimated to grow further over the forecast period.
Regional Analysis
North America has the largest market share in the global plastic tube packaging market, due to the growing innovation of plastic tube packaging and the high demands for cosmetic, medical and food segments of the market, followed by Europe. Both regions are estimated to show significant growth in the market.
APAC is the fastest growing region due to the rising disposable income and growing purchasing power of the consumers, improving retail and e-commerce market, innovative packaging formats, low raw material prices, and advancing manufacturing policies are the factors creating new business opportunities for leading players in the APAC during the forecast period.
Key Players
Some of the vital players of the global plastic tube packaging market are Sonoco Products Company (U.S.), World Wide Packaging LLC (U.S.), Unette Corporation (U.S.), Sinclair & Rush, Inc. (U.S.), CCL Industries (Canada), Montebello Packaging (Canada), Huhtamaki (Finland), Albea Group (Luxembourg), Essel Propack Ltd (India), Amcor Ltd. (Australia), and others.
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