Tube Packaging Market expected to drive the growth over the forecast period 2021 to 2028.

The global tube packaging market size was valued at USD 9.91 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Increasing demand for these types of packaging from application industries, such as cosmetics personal care, healthcare, and food, is expected to be the primary diver for the market. Increasing consumer awareness regarding personal health and wellness is expected to be a stimulating factor for the growth of the personal care market. Growing consciousness about personal appearance is augmenting the demand for personal care products, which, in turn, will boost the demand for tube packaging solutions. The U.S. is one of the key markets in the global beauty personal care industry owing to the high spending power of consumers.

The demand for organic personal care products in the country is on the rise owing to changing consumer preferences for natural ingredients. Organic products are mostly sold in small quantities and at a premium cost, which will drive demand for tube packaging as it enables efficient and precise dispensing.

Gather more insights about the market drivers, restrains and growth of the Global Tube Packaging Market

Tube Packaging Market Report Highlights

The laminated product segment is expected to register the fastest CAGR of 7.0% from 2021 to 2028. Laminated tube is the most preferred form of packaging for premium cosmetics and other premium skincare and pharmaceutical products owing to its ability to combine the benefits of both metal and plasticin one solution
North America led the market in 2020 and is projected to retain the dominance over the forecast period owing to the presence of global cosmetics and pharmaceutical product manufacturers
Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 owing to high product demand as a result of increased consumer spending
The squeeze and collapsible type segment accounted for the largest share in 2020. The segment will retain its leading position register the fastest CAGR over the forecast period

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Segments Covered in the Report

Grand View Research has segmented the global tube packaging market on the basis of tube type, product, application, and region:

Tube Packaging Tube Type Outlook (Revenue, USD Million, 2017 - 2028)