Embedded Files
The tube packaging is extensively used for the products, including cosmetics, pharmaceuticals, various industrial materials, and miscellaneous household products. Over recent years, the Tube Packaging Market Share has been growing continually. Growth in the personal care industry and the rising demand for cosmetic products are predominantly driving the demand in the Tube Packaging Market Share.
Considering the colossal traction, the market is witnessing at present, Market Research Future (MRFR) asserts that the global Tube Packaging Market Share is poised to touch a valuation of USD 8,297.7 MN by 2023, registering 5.79% CAGR throughout the forecast period (2018 – 2023). Increase in the global population, cosmetic industry, and creative packaging are pushing up the growth of the market.
On the other hand, factors that are impeding the growth of the market include the volatility in the price and demand-supply gap in the raw materials required for the production of packaging solutions. Also, the ban on plastic usages as a raw material is a significant factor anticipated to pose challenges to the growth of the Tube Packaging Market Share.
Major Players
Key players leading the Tube Packaging Market Share include
- Albea Group (Luxembourg)
- Amcor Ltd. (Australia)
- CCL Industries (Canada)
- Sinclair & Rush, Inc. (US)
- Sonoco Products Company (US)
- Essel Propack Ltd (India)
- Montebello Packaging (Canada)
- Huhtamaki (Finland)
- Unette Corporation (US)
- World-Wide Packaging LLC (US), among others.
Segmentation
For a better understanding, the Tube Packaging Market Share report has been segmented into four key dynamics:
By Materials : laminate, plastic, and aluminum, among others.
By Product : Squeeze Tubes, and Twist Tubes, among others.
By Application : Personal Care, Pharmaceuticals, Food, and Consumer Goods, among others.
By Regions : Asia Pacific, Europe, North America, and Rest-of-the-World.
Regional Analysis
North America accounts for the leading region in the global Tube Packaging Market Share. The market is expected to keep on increasing during the forecast period due to the burgeoning pharmaceutical and healthcare industry. The growth in sectors such as food, oral care, personal care, and pharmaceutical alongside, the innovation in packaging designs drive the growth of the regional market. Besides, the demand for convenience to carry and use products led by the busy lifestyles and growing working population is fostering the growth of the Tube Packaging Market Share.
Europe stands the second position in the global Tube Packaging Market Share. The region has gained a stronghold globally, due to the resurging economy and technological advancements in the manufacturing of packaging solutions. Due to the changing lifestyle and the increasing purchasing power, the demand for packaged products is increasing in the region. Also, the growth in oral and skin care and niche categories such as baby care is propelling the growth of the market.
The Asia Pacific Tube Packaging Market Share has emerged as a profitable market, globally. Rapidly developing countries such as India and China, have emerged as a profitable market due to the rapidly expanding drug-producing capabilities. To respond to the augmenting consumer demand for convenient tube packaging, manufacturers focus on launching innovative pack formats, sizes, and functionality. The adoption of more stringent regulations aiming at improving the quality and integrity in the production techniques is, in turn, driving the regional market.
Read More :
https://yarabook.com/read-blog/48804
https://sagark.kinja.com/utv-market-value-2020-analysis-and-overview-1842307916?rev=1584092262170
Google Sites
Report abuse