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Tube Packaging Market to 2020 - Projected to Reach $ 8,638.9 Million Led by (Laminated Tubes, Aluminum Tubes, and Plastic Tubes)

Press Release   •   Jan 29, 2018 08:04 EST

The tube packaging market report aims at estimating the market size and future growth potential of the tube packaging market across different segments such as type, material type, application, and region. It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market.

Download Brochure on Tube Packaging Market spread across 241 Pages, Profiling 11 Companies and supported with 148 Tables and 61 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=386744 .

The global tube packaging market has grown exponentially in the last few years and this trend is expected to continue. Increasing disposable incomes of people in developing countries, need of convenient packaging and changing preferences of people towards sustainable packaging techniques drive the growth of the tube packaging market.

Based on Product Type:

  • Squeeze tubes
  • Twist Tubes
  • Other Tubes

Based on Material Type:

  • Laminated Tubes
  • Aluminum Tubes
  • Plastic Tubes
  • Other tubes

Based on Application:

  • Cosmetics & Oral care
  • Food & Beverages
  • Pharmaceuticals
  • Consumer goods

The reason behind this is the high disposable income. The European region formed the largest market for tube packaging market, in terms of volume, having accounted for 12 billion tubes in 2014. Asia-Pacific formed the second-largest market, with a share of 27%. The Asia-Pacific region is projected to be the fastest-growing market for tube packaging from 2015 to 2020.

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Most importantly, the changing mindset of end users has triggered usage of tube in day-to-day life. The global tube packaging market is marked with intense competition due to the presence of a large number of both, big and small firms. Mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.

Companies such as,

  • Essel Propack(India),
  • Sonoco (U.S.),
  • Huhtamaki OYJ(Finland), and
  • Amcor ltd.(Australia)

The market for tube packaging is driven by the growth in the flexible packaging industry along with excellent barrier properties and innovative packaging. The rising population has also encouraged tube packaging market. The global market for tube packaging is projected to grow at a CAGR of 6.65% from 2015, to reach $8,638.9 million by 2020. High disposable income has enabled the end users to spend more on such type of packaging, which facilitate ease of use.

Click now for more Details, Queries, Other Information and Discount on this study “Tube Packaging Market by Type (Squeeze Tube, Twist Tube), Application (Cosmetics & Oral Care, Food & beverages, Pharmaceuticals, Consumer Goods), Material Type (Laminated Tubes, Aluminum Tubes, and Plastic Tubes), & by Region - Trends & Forecasts to 2020” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=386744 .

This report estimates the market size of the global market in terms of value ($million). In this report, the market is broadly segmented based on product type, material, application, and region. Market drivers, restraints, challenges, raw material, and product price trends are discussed in detail. Market share, by participant, for the overall tube packaging market is discussed in detail.

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