Oct 14, 2024
Packaging Tubes Market is Expected to Progress at a CAGR of 3.4% from 2024 to 2034 | FMI – FMIBlog
The global packaging tubes market is poised for significant growth, with its market size estimated to be worth USD 4,737.3 million in 2024 and anticipated to reach a value of USD 6,640 million by
The global packaging tubes market is poised for significant growth, with its market size estimated to be worth USD 4,737.3 million in 2024 and anticipated to reach a value of USD 6,640 million by 2034. This expansion represents a CAGR of 3.4% over the forecast period from 2024 to 2034.
In 2023, the revenue generated by packaging tubes was USD 4,623.9 million, and the industry is expected to show a year-over-year (Y-o-Y) growth of 2.5% in 2024.
A major driver of this growth is the widespread use of laminated tubes in the cosmetic and beauty products industry, where these tubes capture 56.3% of the total market share. The popularity of laminated tubes is attributed to their superior barrier properties, which offer robust protection against various external and environmental factors.
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By capacity, tubes ranging from 51 to 100 ml are set to dominate the market, capturing more than 40% of the total market share during the assessment period. Their affordability and convenient portability make them a preferred choice for travel and on-the-go use.
Rising Popularity of Beauty and Personal Care Products Drives Growth in Packaging Tubes Market
The global beauty and personal care industry is experiencing remarkable growth, fueled by a growing emphasis on quality and brand value across all generations. As consumers become increasingly discerning about the cosmetics and personal care products they purchase, the demand for premium packaging solutions is on the rise.
The hair and skin care sectors, in particular, are witnessing significant year-over-year growth. Cosmetic products such as lotions, creams, conditioners, and shampoos are driving high sales volumes, which, in turn, are contributing to the booming market for packaging tubes. According to the Personal Care Products Council (PCPC), the personal care products industry is a key contributor to the U.S. economy, adding USD 2.6 billion in 2022 alone.
A noteworthy trend in the packaging sector is the growing popularity of shiny tubes with sophisticated metallic effects and intricate designs, such as realistic photo prints, and matte or glossy finishes. These features are helping the laminated tubes segment to distinguish itself in a highly competitive market.
Beyond their aesthetic appeal, laminated tubes also offer consumers added convenience, ease of use, and a soft touch, making them an increasingly preferred choice for packaging personal care products.
Key Takeaways from the Enterprise Packaging Tubes Market Report
Competitive Landscape
Key players in the packing tube business are creating and bringing new goods into the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate and work with local brands and start-up enterprises to produce new products.
Key Players in Packaging Tubes Manufacturers
Key Developments in the Packaging Tubes Market
Packaging Tubes Market Segmentation
By Product Type:
In terms of product type, the industry is divided into aluminum tubes, laminated tubes and plastic co-extrusion tubes. The aluminum barrier laminated (ABL) tubes is further divided into aluminum foil and plastic barrier laminated (PBL) tubes into ethylene vinyl alcohol (EVOH) and polyester (PET).
By Capacity:
In terms of capacity, the industry is divided into less than 50 ml, 51 to 100 ml, 101 to 150 ml and Above 150 ml.
By End Use:
Some of end use industries related to packaging tubes market include cosmetics, oral care, commercial & industrial, pharmaceuticals, home and other personal care, food and others. The others segment is further sub-categorized into paints, crayons and shoe polish.
By Region:
Key countries of North America, Latin America, East Asia, South Asia, Europe, Oceania, Middle East and Africa are covered.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Broaden Your Knowledge: Retrieve the Old Source for This Report!Rising Popularity of Beauty and Personal Care Products Drives Growth in Packaging Tubes MarketKey Takeaways from the Enterprise Packaging Tubes Market ReportCompetitive LandscapeKey Players in Packaging Tubes ManufacturersKey Developments in the Packaging Tubes MarketPackaging Tubes Market SegmentationBy Product Type:By Capacity:By End Use:By Region:About Future Market Insights (FMI) Contact Us: For Sales Enquiries: Website: