By the end of 2026, The Tube Packaging Market Is Expected To Have Grown to 71.79 billion




 The country's demand for organic personal care products is increasing due to shifting consumer preferences for natural ingredients. Organic products are typically sold in small quantities and at a premium price, which will drive demand for tube packaging because it allows for efficient and precise dispensing. Fluctuating raw material prices, including plastics, aluminum, and other laminates, are expected to stymie market growth. Polyethylene, polyethylene terephthalate, and polypropylene are the most common types of plastic material. The prices of these polymers are highly volatile about crude oil prices.

The global tube packaging market was worth USD 9.91 billion in 2020 and is expected to grow at a CAGR of 6.2 percent from 2021 to 2028. The primary diver for the market is expected to be rising demand for these types of packaging from application industries such as cosmetics and personal care, healthcare, and food.

Growing concern about personal appearance is increasing demand for personal care products, which will increase demand for tube packaging solutions. Because of its high consumer spending power, the United States is a key market in the global beauty and personal care industry.

Increased restrictions on the use of plastic are expected to open up new markets for innovative materials such as bioplastics, aluminum, and others. Plastics such as polylactic acid are made primarily from renewable energy sources such as corn starch, sugarcane, chips, tapioca roots, and other starches.

Distributors are the primary means by which products reach end-users such as pharmaceutical and cosmetics manufacturers. However, many global end-users have established direct contact with manufacturers to reduce costs and ensure a continuous supply. Furthermore, some tube packaging manufacturers have allowed users to order directly from their websites, as these portals allow direct contact between the supplier and customer while also improving the profitability of both parties by reducing distributor costs.

In terms of revenue, the squeeze and collapsible segment dominated the global market in 2020, accounting for more than 71% of the total. Due to higher product penetration in end-user industries such as personal care & oral care and healthcare, the segment is also expected to register the fastest CAGR from 2021 to 2028. Because it is lightweight and non-breathing, the plastic squeeze type is the most commonly used product.

The laminated and aluminum collapsible types are commonly used in healthcare and oral care applications. Collapsible tubes do not revert to their original shape after the pressure is released, making them ideal for the packaging of ointments and creams.

In 2020, The personal care & oral care application segment had the highest revenue share of more than 67 percent. Growing health and wellness awareness, combined with increased demand for chemical-free, organic products, is expected to drive segment growth over the forecast period.

The growing geriatric population, particularly in Europe and North America, is expected to increase demand for anti-aging cosmetic products.

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