PUNE, India, November 23, 2015 /PRNewswire/ --
Global tube packaging market report analyzes that customer convenience has become a matter of priority for almost all companies, and the same is applicable in packaging product companies as well. As a result, these companies have introduced many innovative packaging products such as airless packs and tester size packs.
Complete report on tube packaging market spread across 62 pages, profiling 5 companies and supported with 38 data exhibits is now available at is now available at http://www.sandlerresearch.org/global-tube-packaging-market-2015-2019.html.
Many consumer product manufacturers realize the need to introduce eco-friendly packaging material to promote sustainability and attract eco-conscious consumers. Manufacturers are emphasizing the use of recyclable materials in packaging, and use of resins derived from renewable resources. The analysts expect minimal use of non-biodegradable materials in packaging.
The analysts forecast global tube packaging market to grow at a CAGR of 6.72% over the period 2015-2019. The market can be segmented into four based on the following: end-users (Cosmetic and oral care, Food and beverages, Pharmaceuticals and Others), products (squeeze tubes packaging, twist tubes packaging, cartridge packaging and other tubes packaging), material, and geographies.
The demand for tube packing from the pharmaceutical industry has increased significantly with the introduction of new drugs in the market. Most creams are packed in tubes, as they allow measured amounts to be dispensed easily and provide better reclosure to the pack.
Other major factors like advances in manufacturing processes are also fueling market growth. For instance, tubes made up of tin, aluminum, and lead are common in the pharmaceutical industry. Lamination of tin-coated lead provides enhanced appearance and oxidation resistance to the packaging. Plastics are preferred over aluminum, as it becomes hard and start developing leaks. Order a copy of Global Tube Packaging Market 2015 - 2019 report @ http://www.sandlerresearch.org/purchase?rname=46448.
Products: Squeeze tube packaging held the highest share in 2014, and it is expected to dominate the market during the forecast period. In 2014, in terms of volume, the market share of squeeze tube packaging increased by 4% as compared to the previous year. The oral care segment dominated the market, and accounted for a share of close to 65%. Innovation in retail network and changing hygiene habits among consumers, contributes immensely to the growth of this market.
Geography: In the food and beverages packaging category, the food packaging market in the US hit volume sales of over 32 billion units in 2014. Vendors are providing cream, cheese, and mayonnaise packed in tube packages. Tube packaging provides convenience and portability advantages to the consumer, thereby fueling its market demand.
Further, the report states that the raw materials used in the manufacture of tube packaging products, such as aluminum, plastic, and paper, have volatile prices. Demand-supply gaps trigger fluctuations in prices.
The key players in the Global Tube Packaging Market are Albéa, Amcor, Constantia Flexibles, Essel Propack and Huhtamaki. And the other prominent vendors in the market are: 3D Packaging, Alltub, Antilla Propack, Cores and Tubes, CTL Packaging, Excel Tubes and Cones, KAP CONES, M&H Plastics, Montebello Packaging, MPack, Neopac, Prutha Packaging, Skypack, Sonoco, Tuboplast, VisiPak, and World Wide Packaging.
Explore other Packaging reports on SandlerResearch.org at http://www.sandlerresearch.org/market-research/advanced-material/packaging.
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