The development of the consumer goods and retail industry is propelling the demand for innovative packaging solutions in the global market. The tube packaging market is essential packaging solution for personal care, food products, oral care, and domestic care products. The growing demand for on-the-go food consumption that warrants a wide variety of small portion sizes will have a positive impact on the global market during the forecast period. Tube packaging solutions offer benefits such as low cost, anti-counterfeiting, and better performance than any other products offered in the global market. The expansive demand growth in the personal care market coupled with dynamic consumer preferences toward compact pack sizes is one of the major drivers of this global market. The rapid innovations in reinvigorating laminates market and high demand for plastic materials with better barrier properties and anti-counterfeiting features will transform the packaging industry over the next few years.

The tube packing market is projected to reach values of over $11 billion by 2022, growing at a CAGR of more than 7% during 2017-2022.

Beauty and Cosmetic Products to Drive Demand in Market

The rapid changes in lifestyle in emerging nations, raising awareness around beautification, growing improvement in beauty treatment, and increasing usage of natural ingredients are some of the factors driving the growth of the beauty and cosmetic industry. The development of technically advanced, diverse, and the rise of multifunctional products will augment the demand for tube packaging market. Cosmetics and beauty products offer a wide range of benefits that includes cleansing, moisturization, anti-oxidant, anti-aging, and UV protection. The growing inclination towards healthier lifestyles is encouraging manufacturers to invest in new natural and organic cosmetics that will revolutionize the global market. The growing focus on skin care and rapid urbanization in emerging nations of APAC such as India and China will augment the development of the tube packaging industry during the forecast.

Focus on Optimization of Packaging Costs by FMCG Vendors

The increased volatility in energy prices, the rise in packaging costs, increased competition, SKU expansion and evolving consumer expectations, and high labor and regulatory costs are some of the major challenges faced by FMCG vendors that affect their profit margins in the global market. The leading companies are undertaking initiatives to optimizing their sourcing costs such as emphasizing on better sourcing terms from packaging suppliers to reduce their costs and boost their revenues in the global tube packaging market. The dynamic consumer preferences and concentrating on developing efficient distribution channels will propel the growth of the global market. Packaging innovations lead the list of things that will enable players to control their cost of production and enhance their logistics and distribution network. Sourcing the right kind of packaging solutions will enable vendors to control their costs and boost the revenues in the global market. The development of innovative packaging solutions will boost the evolution of the global tube packaging market.

Expanding the Scope of Laminated Packaging

The development of EVOH (ethylene vinyl alcohol) resins, processing knowledge, and improved coextrusion technology is revolutionizing the high barrier flexible packaging industry and creating a new scope in the global market. EVOH resins help improve barrier, degradation resistance, processability, and thermal stability and revolutionize the tube packaging market. The development of superior laminated packaging will help to increase the shelf life of food products and control several environmental factors including water content, temperature, and the composition of atmospheric gas surrounding the product. The growing demand for high barrier flexible packaging is driven by factors that it products from oxidation and microbiological growth and acts as a barrier to moisture, gas, and radiation. The use of barrier polymers such as Nylon, PVdC or EVOH will reduce negative attributes such as poor flex crack resistance, susceptibility to attack by acidic foods, nonexistent thermoformability or orientability, and non-microwavable and opaqueness, resulting in recycling difficulties of laminated packaging.

The leading vendors in the tube packaging market are Essel Propack, Amcor, Sonoco, Huhtamaki OYJ, and Consantia Flexibles.

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