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The global tube packaging market is likely to reach $11.4 billion by 2022

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LONDON, Nov. 28, 2017 /PRNewswire/ — The global tube packaging market is likely to reach $11.4 billion by 2022, growing at a CAGR of 7.4% during the period 2016-2022.

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Essel Propack, Amcor, Sonoco Packaging, Huhtamaki OYJ, and Consantia Flexibles are the leading players in the market. Packing innovations and increased investment of FMCG manufacturers due to better brand and health awareness are the prime factors driving the market. While the laminate tubes segment dominates the global market, the plastic and aluminum segment is expected to witness a healthy growth. In the end-user segment, the health segment is likely to witness maximum YOY growth.

Report Timeline
• Base Year: 2016
• Forecast Year: 2017–2022

Scope of the Report
The report considers the present scenario of the global tube packaging market and includes a detailed study of several growth drivers, trends, and restraints. It also profiles the leading vendors in the market and other key vendors.
The reported considers the sale of major tube packaging manufacturers. The estimates include the sale of tube packs to both established OEMs and a majority of the unorganized market.
The report provides the analysis of the key segments of the market by material type, end-user, geography, country, and vendors. It also provides a detailed analysis of the market size and revenue forecast. It provides the detailed market revenue of each segment such as:

Material Type
• Aluminum
• Plastic
• Laminates
• Others

End Users
• Beauty and cosmetic
• Pharma and health
• Food
• Oral care
• House care

Major Geography
• APAC
Europe
Latin America
• MEA
North America

Key Countries
Canada
China
India
Japan
• US

The global tube packaging market size is estimated to reach $11.43 billion by 2022, growing at a CAGR of 7.43%. Increasing demand of packaged food and changing lifestyle, resulting continuous evolution in wrapping formats are considered as the major drivers for the market.

The report provides a holistic view of the market, the companies involved in, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

Tube Packaging Market Key Vendor Analysis
The market is likely to witness price-based competition

The competitive rivalry among vendors can be termed to be moderate as the demand is expanding, thereby offering significant growth opportunities, especially in the unorganized sector.

Major vendors profiled in the report are as following:
Essel Propack
Amcor
Sonoco
Huhtamaki OYJ
Consantia Flexibles

Other prominent vendors in the market include Albea, VisiPak, Montebello, Unette Corp., Worldwide Packaging, CTL Packaging, IntraPac International, M&H Plastics, Unicep, and 3D Technopak.

Tube Packaging Market Dynamics
Innovations to reinvigorate laminated packaging formats which is likely to drive the market

The shift from rigid to flexible packaging, constrained margins and optimization of packing costs by FMCG vendors, innovations to reinvigorate laminated packing formats are the emerging trends that are likely to drive the market during the forecast period. Further, consumer preferences for variation in pack sizes, rapid growth in demand for beauty and cosmetic products, increased preference for better aesthetics, and reduced oil prices to offer an edge to plastic over paper packing are the crucial factors that are expected to drive the market during the forecast period.

Tube Packaging Market: Segmental Overview
The oral care segment likely to dominate the market

While the laminates segment is likely to dominate the market, the plastics segment will witness an impressable growth followed by the aluminum and other tube types segment. In the end-user segment, the oral care segment dominates the market with more than 50% of the tube packaging market share. The pharma and health segment and the beauty and cosmetics segment are expected to witness higher growth during the forecasted period. The healthcare segment is expected to witness the highest growth during the forecast period.

Tube Packaging Market: Geographical Analysis
The APAC market is likely to have a significant revenue share

The report predicts that the market is expected to witness huge traction in the major regions such as APAC, Europe, North America, and Latin America. The perception of success of tube packaging and its format does depend on the region-specific demographic patterns and consumption habits. APAC is expected to witness the highest growth during the forecast period. Nominal retail value sales and the growing dental hygiene market are among the major factors that are driving the demand in the APAC region. Similarly, the market in Europe is dominated by flexible packaging, and the overall market in the region is anticipated to witness a healthy growth. The tube packaging market in North America is majorly driven by oral care, food, and cosmetics.

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