The global tube packaging market size was US$ 12.9 billion in 2021. The global tube packaging market size is forecast to reach US$ 21.7 billion by 2030, growing at a compound annual growth rate of compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2030.
A tube is a hollow, cylindrical container composed of plastic, metal, or paperboard that is hollow and cylindrical. In the early days, tubes packaging was used to pack condiments and viscous liquids such as toothpaste, paints, adhesives, ointments, culinary sauces, and cosmetics. Tube packaging is more convenient since it extends the shelf life of the contents, gives flexibility, allows for precise product dispensing, and provides additional protection from microbes, oxygen, and sunlight. Tube packaging creates practical and unique packaging containers that extrude and modify with printing, labeling, punching, slicing, crimping, and other fabrications.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global tube packaging market. The decrease in the production of products led to a decline in the packaging industry. Nevertheless, there was an increase in the demand for oral care, food & beverage, and pharmaceutical applications for product packaging during COVID-19. The rising demand for tube packaging in the pharmaceutical industry remains vital as hospitals, drugs, and PPE manufacturers respond to the crisis. In addition, the need for household cleaning products, healthcare, and medical goods products has increased through online delivery.
Regional Insights
The Asia Pacific region is forecast to have significant growth in the global tube packaging market during the forecast period. As a result of the improving its lifestyle, living standards, the increasing trends in cosmetic and pharmaceutical products, and understanding of health and hygiene. In addition, the need for healthcare and hygiene in the country is also high. Additionally, in China, the growing oral disease has a disadvantage on the government healthcare system and is an even greater economic burden on people. Periodontal diseases are also common in India. Thus, these factors are rising demand for toothpaste and other oral care products that use tube packaging. Thus, these factors are forecast to drive market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global tube packaging market are:
Scope of the Report
The global tube packaging market segmentation focuses on Type, Material, End-User, and Region.
Segmentation based on Type
Segmentation based on Material
Segmentation based on End-User
Segmentation based on Region