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Tube Packaging Market Trends

Report ID: GMI10468
Published Date: Jul 2024
Report Format: PDF

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Tube Packaging Market Trends

The tube packaging industry has recently experienced a notable shift towards sustainability, propelled by increasing consumer and regulatory demands for eco-friendly solutions. Companies are placing greater emphasis on creating recyclable, biodegradable, and compostable tube materials to align with rising eco-conscious standards. Industry is seeing a surge in innovations, such as the incorporation of recycled plastics, plant-based materials, and efforts to reduce material usage, all aimed at minimizing environmental impact.

For instance, in October 2023, Berry Global launched its Slimline range of lightweight plastic tube closures, designed to enhance sustainability by reducing greenhouse gas emissions. These closures, available in various sizes and finishes, incorporate recycled materials and support mono-material packaging for easier recycling. This development reflects a broader trend towards eco-friendly and efficient packaging solutions in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for tube packaging was valued at USD 12.75 billion in 2023 and is anticipated to record over 5% CAGR between 2024 and 2032, driven by the rising consumer preference for convenience and portability.

The laminated tubes packaging segment is expected to reach a value over USD 10 billion by 2032, as they offer exceptional barrier protection against moisture, light, and oxygen.

North America tube packaging market accounted for a share of over 30% in 2023 and will expand rapidly through 2032, owing to a well-established packaging sector with advanced technological capabilities.

Albea S.A, Amcor Ltd, Berry Global Inc, CCL Industries Inc., Essel Propack Ltd. (Huhtamaki OYJ), Hoffmann Neopac AG, Sonoco Products Company among others.