Tube Packaging Market Research Report - Forecast to 2023
Global Tube Packaging Market by Materials (laminate, plastic, aluminum, and others), by Product (squeeze tubes, twist tubes, and others), Application (personal care, pharmaceuticals, food, consumer goods and others) and Region - forecast 2017-2023. Synopsis of Tube Packaging Market The tube packaging popular in many products including pharmaceuticals, cosmetics, and miscellaneous household products. Growth in the personal care industry and rising demand for cosmetic products are the primary factors driving the demand for the tube packaging market. Additionally, increasing demand for small sized packs as well as advances in manufacturing processes are fueling market growth. The tube packaging market is expected to witness a high growth as a result of the increase in consumer preference for convenient, safe, and sustainable packaging. Innovation in designs and packaging, busy lifestyles, and growing working population as well as convenience are driving the tube packaging market. Various factor are driving the market growth such as increase in the global population, growth in the cosmetic industry, and creative packaging are attracting more customers. However, banned raw material cost and the usage of plastic likely to hinder the growth of this market over the review period. The report provides information on the global tube packaging market and forecast from 2017 to 2023. Request Report Sample @ https://www.marketresearchfuture.com/sample_request/1776
Global Tube Packaging Market by Materials (laminate, plastic, aluminum, and others), by Product (squeeze tubes, twist tubes, and others), Application (personal care, pharmaceuticals, food, consumer goods and others) and Region - forecast 2017-2023.
Synopsis of Tube Packaging Market
The tube packaging popular in many products including pharmaceuticals, cosmetics, and miscellaneous household products. Growth in the personal care industry and rising demand for cosmetic products are the primary factors driving the demand for the tube packaging market. Additionally, increasing demand for small sized packs as well as advances in manufacturing processes are fueling market growth. The tube packaging market is expected to witness a high growth as a result of the increase in consumer preference for convenient, safe, and sustainable packaging.
Innovation in designs and packaging, busy lifestyles, and growing working population as well as convenience are driving the tube packaging market. Various factor are driving the market growth such as increase in the global population, growth in the cosmetic industry, and creative packaging are attracting more customers. However, banned raw material cost and the usage of plastic likely to hinder the growth of this market over the review period. The report provides information on the global tube packaging market and forecast from 2017 to 2023.
Request Report Sample @ https://www.marketresearchfuture.com/sample_request/1776
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<strong>Tube</strong> <strong>Packaging</strong> <strong>Market</strong><br />
Growth in the Pharmaceutical Industry<br />
Increasing demand from the pharmaceutical industry is fuelling the overall growth in the tube packaging market. The pharmaceutical packaging plays a major role<br />
in reducing disease level by protecting the drugs from direct light, moisture, and damage while handling or s<strong>to</strong>ring. It is mostly used in pharmaceutical because<br />
they are cheap, lightweight, flexible, and unbreakable. Polyethylene is the most commonly used material in this packing. According <strong>to</strong> the IMS <strong>Market</strong> Prognosis,<br />
the global spending on medicine for the year 2011 accounted for USD 956 billion and is estimated <strong>to</strong> be more than USD 2,890-3,020billion in the forecasted<br />
period. The pharmaceutical sec<strong>to</strong>r accounted for 20% of spending on medicine in 2011 and is estimated <strong>to</strong> account for 35% in 2020.<br />
Regional Analysis:<br />
On the basis of geography, the market is segmented in<strong>to</strong> North America, Europe, Asia Pacific and RoW. Geographically, Europe has always played a key role in<br />
the innovation of food, oral care, personal care, and pharmaceutical industries with design and packaging. Busy lifestyles and growing working population as well<br />
as convenience <strong>to</strong> carry and use driving the tube packaging market growth.<br />
APAC is expected <strong>to</strong> witness the highest growth during the forecast period. Manufacturers focus on launching innovative pack formats, sizes, and functionality<br />
with leading pack types of squeezable plastic tubes, glass, and PET in response <strong>to</strong> consumer demand for convenience. The demand for packaged products is<br />
increasing in the Asia Pacific region due <strong>to</strong> the changing lifestyle and the increasing purchasing power. Moreover, growth in oral and skin care and niche<br />
categories such as men’s grooming and baby caregiving are adding an advantage <strong>to</strong> the growth of the market in the Asia Pacific region.<br />
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