Global Tube Packaging Market to Cross USD 8.29 Bn by 2022, Predicts MRFR in Its Topical Research Study Available at MarketPublishers.com
22 Aug 2017 • by Natalie Aster
LONDON – Today, tube packaging is popular for a wide range of products cosmetics, pharmaceuticals and miscellaneous household products. The demand for this type of packaging is set to gain momentum in the coming years, spurred by constantly increasing consumer preference for safe, convenient and sustainable packaging. Furthermore, factors like robust urbanisation, rapid industrialisation and escalating demand for small-size packs will also fuel growth in the tube packaging market. Still, some forces could hamper growth in this market, for instance, fluctuations of raw material prices.
In the past year, the world’s tube packaging market value was estimated at over USD 5.63 billion, and it is predicted to cross USD 8.29 billion by late 2022.
Basing on products, the market is led by the squeeze tube segment, which is anticipated to register the highest CAGR of 6.16% through 2022.
Basing on materials, the plastic tubes segment grabs the biggest chunk of the tube packing market; this sector is expected to enjoy a 6.38% CAGR through 2022.
Geographically, the European region is set to dominate the world’s tube packaging market during 2017-2022. Growth in this regional market is attributed to uptake of the pharmaceutical industry, elevating demand from the cosmetics industry and also ongoing innovation in the packaging industry, amid other favourable factors.
Topical research study “Global Tube Packaging Market Analysis & Forecast 2016 To 2022” drawn up by Market Research Future (MRFR) presents a trustworthy, unbiased analysis of the global tube packaging market landscape and dynamics at different geographical levels. It includes updated information on the market size, segmentation, shares and growth rates. Moreover, this report identifies and examines the key factors responsible for the tube packaging market growth and development, points out and discusses the prevailing market trends as well as outlines future growth challenges and opportunities. Besides, the report covers the competitive landscape and the leading market players, and offers an all-round future outlook with detailed forecasts up to 2022.
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