Tube Packaging Market Analysis Report By Material, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global tube packaging market size was accounted for USD 31.9 billion, in 2018. It is projected to grow at a CAGR of 6.5% during the forecast period, 2019 to 2025. Products like ointments, face creams, essential oils, and toothpaste are packed or stored in cylindrical containers called tubes. There are commonly made up of aluminum, paper, or plastic. Based on different applications, the aforementioned products are packed in tubes made up of different materials, tube packaging containers are used to protect the material from micro-organisms and bacteria, thus, improving its shelf life. This factor is expected to boost the demand for the product from 2019 to 2025.

Demand for personal care and cosmetic products is rising with time. This is anticipated to drive the growth of the global tube packaging market. Generally, toothpaste and face creams are packed in tubes made up of plastic for providing greater flexibility and convenience to end-users. Further, convenient packaging is highly preferred especially for packing pharmaceutical products. It is highly effective in preventing microbial growth over ointments or creams and helps in extending their shelf life. This property is expected to drive market growth over the forecast period. For example, Soframycin is an antibiotic ointment packed in a tube made up of aluminum. This packaging provides ease of applying the ointment and improves its shelf life.

The rising disposable income of consumers and increasing demand for personal care & cosmetic products in developing countries like China, Brazil, and India is anticipated to drive the market growth. Moreover, technologically advanced manufacturing processes are available for manufacturing tubes made up of aluminum, paper, and plastic. For example, Pidilite manufactures a super glue named Fevikwik which is packed in an aluminum tube. The glue inside this aluminum tube does not react with the tube, thus, it is the most suitable material for packaging than other available materials.

Plastic tubes have vast applications in the cosmetic, personal care, and pharmaceuticals industries. These tubes are highly affordable. The majority of the leading manufacturers such as Emami and Hindustan Unilever prefer plastic tubes for packing beauty creams. Moreover, healthcare and pharmaceutical products are packed in recyclable packaging tubes. In addition, leading brands like GSK and Ranbaxy are preferring eco-friendly packaging materials. These factors are expected to proliferate the demand for plastic tubes over the forecast period.

The healthcare application segment is anticipated to grow significantly from 2019 to 2025 owing to the presence of a large number of manufacturers and the high availability of aluminum. Moreover, aluminum is non-toxic, hygienic, and damage-proof. These exceptional properties of aluminum are expected to boost its demand as a packaging material in the healthcare industry.

The Asia Pacific dominated the global market by holding the largest revenue share and it is expected to maintain its dominance over the forecast period owing to increasing disposable income levels and enhanced living standards of consumers in emerging economies such as China and India. For example, Crompton and Syska use hard-bound paper for packing LED bulbs to ensure safe and low-cost packaging.

Material Insights

Based on material the market is segmented into plastic, aluminum, and paper. In 2018, the plastic segment accounted for the largest market share of 40.2%. Manufacturers of FMCG products are focusing on using cheaper materials for manufacturing tubes to cater to increasing populations and large-scale production. Therefore, they are highly preferring plastic tubes to pack face creams, ketchup, toothpaste, and other such products. Furthermore, the rising adoption of technologically advanced production processes to cater to large-scale production is expected to drive market growth over the forecast period.

Nowadays, manufacturers prefer biodegradable and recyclable plastic for manufacturing tubes owing to rising awareness about soil and water pollution. For example, MPack Poland is a European company that offers environment-friendly packaging tubes to leading manufacturers in household chemicals, pharmaceuticals, and cosmetic companies in the regional market.

The paper segment is anticipated to grow at the fastest CAGR of 6.9% from 2o19 to 2025. It consists of hardbound paper. Products like cotton, shuttle corks, and bulbs are lightweight and are packed with paper tubes. These tubes are cheap, recyclable, and environment-friendly. Therefore, they are used as distribution containers by several other industries. For example, in the U.S., Jonesville Paper Tube Corp. offers consumer-specific paper tubes for packaging industrial and retail products.

Application Insights

In 2018, the personal care application segment accounted for the largest market share exceeding 35%. There is high demand for CC and BB creams across the global market. Manufacturers prefer convenient packaging for greater flexibility, thus, expected to proliferate the personal care segment over the forecast period. Moreover, new technologies are incorporated for packing cosmetic accessories like sponge heads and brushes for creating an enhanced shopping experience. This is anticipated to proliferate the product demand over the forecast period. For example, Garnier and Ponds provide a variety of affordable cosmetic products packed in tubes of different sizes.

The healthcare application segment is predicted to grow at the fastest CAGR of 6.8% from 2019 to 2025. Pharmaceutical products especially in dermatology are generally packed in tubes. Ointments/creams with anti-inflammatory, anti-bacterial, and anti-fungal properties are extensively packed in tubes. For example, AstraZeneca reported that sales of pharmaceutical products across the globe accounted for USD 110 billion. Therefore, the growing pharmaceutical and healthcare industry is the major factor anticipated to drive the demand for tube packaging over the forecast period.

Regional Insights

In 2018, Europe accounted for the largest market share of 35%. Rising awareness about health and sanitation and the availability of innovative pharmaceutical and cosmetic products are some of the factors expected to drive growth in the regional market.

Enhanced standard of living and rising disposable income levels are the major factors anticipated to proliferate the growth in emerging economies like China and India. In countries such as Saudi Arabia and South Africa, there has been a high preference for innovative tube packaging and it is expected to grow significantly from 2019 to 2025. For example, Farsali is a hybrid beauty brand in the Asia Pacific, anticipated to introduce a new range of cosmetic products packed in recyclable and environment-friendly plastic tubes.

Tube Packaging Market Share Insights

The presence of leading players in this industry like Essel Propack, Sonoco Products Company, Huhtamaki OYJ, Visipak, Amcor Limited, Montebello Packaging, Albea Group, Worldwide Packaging, and Unette Corporation made the market highly competitive. There are low to moderate entry barriers for new entrants, thus, increasing the number of competitors in this industry.

Furthermore, manufacturers are focusing on strategic initiatives such as M&A and research and development (R&D). For example, in March 2018, SIG and Amcor collaborated to sourcing aluminum foils to meet the regulations of the Aluminum Stewardship Initiative.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global tube packaging market report based on material, application, and region:

• Material Outlook (Revenue, USD Billion, 2015 - 2025)
    • Aluminum
    • Plastic
    • Paper

• Application Outlook (Revenue, USD Billion, 2015 - 2025)
    • Personal Care
    • Healthcare
    • Others
 
• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • India
        • China
    • Central & South America
    • Middle East & Africa (MEA)