Future Market Insights
Tubes are commonly used for packaging of viscous fluids such as gel, cream, ketchup, etc. Consumers prefer tubes for the products to be used in smaller quantity as tubes offer the convenience of using a product frequently and efficiently. Barrier tubes can carry products that are volatile in nature, thus for preventing the materials from getting leaked, oxidized manufacturers alter the barrier properties of the tube. Tubes are commonly made of plastic and manufacturers use various combinations of materials to improve the barrier properties of the tube packaging. Barrier tube packaging has wide range of application such as pharmaceutical industry, personal care industry, household goods, the pharmaceutical industry, food industry, etc. Tube packaging provides opportunities for the manufacturer to supply product in various quantities and raw material being cheaply available for tube form of packaging is widely preferred by the manufacturers.
Barrier Tube Packaging Market: Market Dynamics
The need of making packaging more user-friendly has led to the evolution of tube packaging. Barrier tube packaging is co-related to the flexible packaging market. Flexible packaging is estimated to be about US$ 238 billion and is expected to grow at a CAGR of 5.2% over the forecast period. On the backdrop of the convenience offered by the tube packaging the use of the tubes for packaging of viscous fluids influences the barrier tube packaging market. The need for improving the shelf life and efficiency in the usage of products has widened the area of application for barrier tubes. The ability of barrier tube to provide protection against moisture, light, heat, etc. is an important factor contributing to the growth of the barrier tube packaging market. However, the inability of the barrier tubes to offer bulk packaging can limit the growth in barrier tube packaging market. Moreover, the presence of substitutes of barrier tube packaging such as stand up pouches which are as cheap and efficient as barrier tube for utilization of viscous fluids can hamper the barrier tube packaging market. The rising concern of the regulatory authorities on the backdrop of increasing plastic waste can resist the growth of the barrier tube packaging market. However being a sustainable form of packaging can open new opportunities for barrier tube packaging market over the forecast period.
Barrier Tube Packaging Market: Market Segmentation
Barrier tube packaging market can be segmented by the types of materials used and end-use industry.
Based on the types of materials used, barrier tube packaging market can be segmented into:
Based on the end use industry barrier tube packaging market can be segmented into:
Others (home care, stationery, etc.)
Barrier Tube Packaging Market: Regional Outlook
Regionally global barrier tube packaging market is segmented into
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
North America is expected to lead the barrier tube packaging market over the forecast period due to the barrier tube packaging being aligned with the consumption pattern in the region. Latin America and APEJ region is expected to exhibit rapid growth for the barrier tube packaging market owing to the changing lifestyle of the consumers in the region. Western Europe and Japan region is anticipated to contribute the significant amount of revenue for barrier tube packaging market attributing to the significant per capita expense on the packaging. While the demand for barrier tube packaging market in Eastern Europe and MEA region is expected to be sluggish.
Barrier Tube Packaging Market - Key Players:
Some major players of the barrier tube packaging market are Essel Propack Limited, Ampac Holdings, LLC, Montebello Packaging, Viva IML Tubes, Uflex Limited, Tubapack, a.s., IntraPac International Corporation, Tekni-Plex, Inc., Skypack India Pvt Ltd, Guangzhou Amy Plastic Tube Co., Ltd., Shenzhen Unique Pack Products Co., Ltd., Yangzhou Zhongjidingsheng Trading Co., Ltd., Rego Packing Industry Co., Ltd., Nantong YouRong Equipment Co., Ltd., etc.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.