Tube Packaging Market Forecasted Growth and Eco-Friendly Innovations Surge from 2023 to 2028
Dublin, Feb. 01, 2024 (GLOBE NEWSWIRE) -- The "Tube Packaging Market - Forecasts from 2023 to 2028" report has been added to * ResearchAndMarkets.com's* offering.
The global tube packaging market is poised for significant growth, with eco-friendly and sustainable innovations at the forefront of the industry's expansion. A comprehensive research study has been released, providing an in-depth analysis of this dynamic market which is projected to achieve a robust CAGR of 4.92%.
This detailed report offers invaluable insights into the burgeoning market's trajectory from a valuation of US$9.309 billion in 2021 to an anticipated US$13.032 billion by 2028. Driven by market demands and technological advancements, the tube packaging sector is witnessing a surge in sustainable packaging solutions and strategic industry partnerships.
*Key Factors Influencing Tube Packaging Market Growth*
· An increased demand for sustainable and recyclable packaging solutions, with consumer preferences heavily leaning towards eco-friendly alternatives.
· The transformation in manufacturing technology, paving the way for innovative packaging materials and designs.
· A significant shift in consumer habits towards convenient, yet aesthetically appealing packaging options.
*Advancements in Sustainable Packaging*
Notable market trends reveal a strong consumer propensity towards sustainability, which is revolutionizing the tube packaging sector. Innovations ranging from the use of biopolymers to recyclable aluminum tubes are a response to the escalating environmental concerns and regulatory standards for product safety and ecological impact.
*Regional Market Highlights and Industrial Developments*
In the Asia Pacific region, India is emerging as a pivotal market for tube packaging, buoyed by industrial growth, increased consumer purchasing power, and heightened demand for personal care products. Cooperation among market leaders is fostering a culture of innovation, particularly in sustainable packaging.
*Recent Industry Developments:*
· Innovation in fiber-based tube closures by Stora Enso and partners, exemplifying a commitment to reducing plastic usage.
· Albéa's advancement towards mono-material recyclable packaging solutions in the dental care arena.
· Hoffmann Neopac's launch of PaperX Tube series, significantly cutting down on plastic content.
· UFlex's pioneering KRAFTIKA tubes, crafted from FSC-certified virgin kraft paper, addressing packaging sustainability.
*Market Segmentation Analysis*
The report provides an exhaustive segmentation of the tube packaging market to help stakeholders understand key opportunities:
· *By Material:* Plastic, Paper, Aluminum, Others
· *By Type of Package:* Squeeze, Twist, Cartridges, Stick, Others
· *By Application:* Healthcare & Pharmaceutical, Cosmetics & Toiletries, Food, Homecare, Others
· *By Geography:* North America, Europe, Asia Pacific, Middle East, Africa, and South America
This research publication presents a thorough analysis of the industry's competitive landscape, offering stakeholders a strategic advantage in the ever-evolving tube packaging market. Emerging trends, growth factors, and regional market dynamics provide a cohesive picture of the opportunities that lie within this sector through to 2028.
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 155
Forecast Period 2021 - 2028
Estimated Market Value (USD) in 2021 $9.31 Billion
Forecasted Market Value (USD) by 2028 $13.03 Billion
Compound Annual Growth Rate 4.9%
Regions Covered Global*Companies Profiled*
· Berry Global Inc.
· Amcor Plc
· CCL Industries
· EPL Limited
· Hoffmann Neopac AG
· Huhtamaki (Huhtamaki Oyj)
· Montebello (Crown Paper Group)
· VisiPak (Sinclair & Rish, Inc.)
· Unette(Praxis Packaging)
· Romaco Group (Truking Group)
For more information about this report visit https://www.researchandmarkets.com/r/oiw1ln
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
*Attachment*
· Tube Packaging Market
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