pune, India -- (SBWIRE) -- 02/04/2019 -- 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 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.

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.

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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

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.

Major vendors profiled in the tube packaging market 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.

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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.

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.

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.

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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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