DALLAS, May 27, 2015 /PRNewswire/ --
The report "Tube Packaging Market by Type
(Squeeze Tube, Twist Tube), by Application (Cosmetics & Oral
Care, Food & beverages, Pharmaceuticals, Consumer Goods), by
Material Type (Laminated Tubes, Aluminum Tubes, and Plastic Tubes),
by Region - Trends & Forecasts to 2020", published by
MarketsandMarkets, The global market for Tube Packaging is
projected to grow at a CAGR of 6.65% from 2015, to reach
$8,638.9 Million by 2020.
Browse 148 market data Tables and 61
Figures spread through 241 Pages and in-depth
TOC on "Tube Packaging
Market".
http://www.marketsandmarkets.com/Market-Reports/tube-packaging-market-128857249.html
Early buyers will receive 10% customization on this
report.
The market report defines and segments the global Tube Packaging
Market with analysis and forecast of the global revenues for tube
packaging. It also identifies the driving and restraining factors
of the market with analysis of trends, opportunities, burning
issues, winning imperatives, and challenges. The market is
segmented and revenues are forecasted on the basis of major
regions, such as North America,
Europe, Asia-Pacific, and Rest of the World (RoW). The
key countries are covered and their market sizes have been
forecasted for each region. Further, the market is segmented and
revenues are forecasted on the basis of application.
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The tube packaging industry has a positive outlook due to high
growth in the packaging industries. Rising per capita income and
rising trends of sustainable packaging are accelerating the demand
for squeeze tubes and laminated. Consumer preference in emerging
economies such as China,
India, Brazil, and South
Africa are gradually transitioning from traditional
packaging to new innovative packaging. The movement of rural
population to urban areas in developing countries has also been
increased, due to which the demand for new tube packaging is on the
rise. China and Japan are projected to witness the highest
demand for the Tube Packaging Market in the coming years.
The demand for sustainable packaging, convenient packaging and
excellent barrier property of tubes is fueling the Tube Packaging
Market. The demand for tube packaging is projected to rise in
developing countries, such as China, India,
and some other Asia-Pacific
countries including Indonesia and
Thailand.
The market for tube packaging is observed to mature in
developing economies, such as Europe and North
America. The reason behind this is the high disposable
income. The Europe region formed
the largest market for tube packaging, in terms of volume, having
accounted for 12 Billion tubes in 2014. Asia-Pacific formed the second-largest market,
with a share of 27%. The Asia-Pacific region is projected to be the
fastest-growing market for tube packaging from 2015 to 2020. The
global market for tube packaging is projected to grow at a CAGR of
6.65% from 2015, to reach $8,638.9
Million by 2020.
The market for tube packaging is driven by the growth in the
flexible packaging industry along with excellent barrier properties
and innovative packaging. The rising population has also encouraged
the Tube Packaging Market. High disposable income has enabled the
end users to spend more on such type of packaging, which facilitate
ease of use. Most importantly, the changing mindset of end users
has triggered the usage of tube in day-to-day life. The global Tube
Packaging Market is marked with intense competition due to the
presence of a large number of both, big and small firms.
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