Tube Packaging Market 2028: Trends Driving Consumer Preferences

The global tube packaging market was valued at USD 9.91 billion in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The primary driver for this market growth is the increasing demand for tube packaging across various application industries, including cosmetics and personal care, healthcare, and food. As consumers become more aware of personal health and wellness, this awareness is expected to further stimulate the growth of the personal care market. Additionally, a growing focus on personal appearance is contributing to the heightened demand for personal care products, which in turn will elevate the need for tube packaging solutions. The United States stands out as a significant market within the global beauty and personal care sector, largely due to the high spending power of its consumers.

In the U.S., there is a rising demand for organic personal care products, driven by shifting consumer preferences towards natural ingredients. These organic products are typically sold in smaller quantities and at premium prices, creating an increased need for tube packaging that facilitates efficient and precise dispensing.

Gather more insights about the market drivers, restrains and growth of the Tube Packaging Market

Tube Type Segmentation Insights

From a revenue perspective, the squeeze and collapsible segment led the global market, capturing over 71% of the market share in 2020. This segment is anticipated to experience the fastest CAGR from 2021 to 2028, primarily due to its extensive penetration in end-user industries such as personal care, oral care, and healthcare. The plastic squeeze tube is particularly favored because it is lightweight, non-breakable, and leakproof. In healthcare and oral care applications, laminated and aluminum collapsible tubes are predominantly used. Collapsible tubes are designed in a way that they do not regain their original shape after the pressure is released, making them particularly suitable for packaging ointments and creams.

The twist-type segment is also expected to see significant growth over the forecast period. These tubes are commonly utilized for packaging various consumer goods, including gums, adhesives, and paints, as well as soft-solid products like glue, balms, and lipsticks. Key features driving the demand for twist-type packaging include ease of use and precise dispensing capabilities. Furthermore, enhanced barrier protection and reduced storage space requirements position twist-type tubes as ideal solutions for packaging luxury products. However, the limited opportunities for reusability associated with these products may pose challenges to the segment's growth throughout the forecast period.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more