Packaging Tubes Market In-Depth Analysis with Booming Trends Analyzed for the Period 2018-2028

Published on : Aug 23, 2018

Albany, New York, August 23, 2018: Nowadays, growing adoption of packaging tubes by food, home and personal care, commercial, and other end-use industries is playing an important part in increasing the demand for packaging tubes in coming years. To elaborate further, Market Research Hub (MRH) has publicized a study titled “Packaging Tubes Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 – 2028” to its online repository, which enumerates the implications of ongoing developments on the growth of packaging tubes market.

The business intelligence study offers in-depth analysis on the packaging tubes market with a prime focus on regions including North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa (MEA) and APEJ. As per the study evaluations, the global sales of packaging tubes is projected to be valued at over  US$ 2.5 Bn by 2018 end, which may possibly reach US$ 4.5 Bn by the end of 2028. Rising at this pace, the global packaging tubes market is expected to expand at a promising CAGR of 5.4%, during the forecast period of 2018-2028.

In order to provide comprehensive view of the market, the business intelligence study offers segment-wise forecast. The market has been segmented by product type, capacity, closure and end-use. By product type, the study covers Laminated Tubes, Aluminum Barrier, Plastic Barrier, Aluminum Tubes and Plastic Tubes. It is well-known that consumers are moving away from rigid packaging formats such as plastic and aluminium-based packaging tubes. Also, they are more inclined towards laminated tube packaging, which is expected to push the performance of laminated tubes in the packaging tubes market in next few years. In terms of product type, Aluminum tubes are highly preferred for packaging of pharmaceutical ointments with fez caps due to high barrier properties and bio-degradable nature. The market is also trending with tubes made up of plastic barrier laminates with EVOH and polyamide, which instruct them the see-through functionality in multilayer structures.

At last, a competitive landscape analysis is presented based on relative positioning of the market participants in the global packaging tubes market. Key players active in the global Packaging Tubes Market are Albea S.A., Tubapack A.S., Perfektup Ambalaj San. Ve Tic. A.S., Essel Propack Ltd., CCL Industries Inc., Berry Global Group Inc., Ctl-Th Packaging SI, Linhardt GmbH & Co. KG, Hoffmann Neopac AG, Interapac International Corporation, Montebello Packaging, Huhtamaki Oyj, Plastube Inc., Pack-Tubes, Burhani Group of Industries, Norway Pack A.S., Alltub Group, Tubopress Italia SpA, Lajovic Tuba D.O.O and Pirlo GmbH & Co. KG.

Based on the insights summarized in the report, market leaders as well as new market players can make precise analysis and core investment decisions that can drive profit.

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