Tube & Stick Packaging Market Size, Share, Growth, And Industry Analysis, By Type (Flexible Packaging, Semi-Rigid Packaging, Rigid Packaging), By Application (Food Industry, Cosmetic, Oral Industry, Pharmaceutical Industry, Others) and Regional Forecast To 2032

• 

   Request a Free Sample To Get More Information on this Market

TUBE & STICK PACKAGING MARKET REPORT OVERVIEW

The global Tube And Stick Packaging Market size is USD 2.08 billion in 2024 and is expected to reach USD 2.68 billion by 2032, growing at a compound annual growth rate (CAGR) of about 3.2% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the Tube & Stick Packaging Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Government investments in R&D to develop innovative technologies for manufacturing efficient packaging solutions are projected to drive market expansion. The right packaging impresses customers with its graphic appeal and helps your business stand out. Growing recognition among brand owners and marketers of the value of packaging in capturing customer attention has resulted in the use of creative packaging. There is also a growing desire for tiny packaging for convenient mobility characteristics, such as shampoos, conditioners, and hair styling products.

The key diver for the market is predicted to be rising demand for these types of packaging from application industries such as cosmetics and personal care, healthcare, and food. Increasing consumer awareness of personal health and wellness is predicted to fuel the expansion of the personal care industry. Growing concern about personal appearance is increasing demand for personal care goods, which will increase demand for tube packaging options. Because of its enormous consumer spending power, the United States is an important market in the worldwide beauty and personal care business.

COVID-19 Impact: COVID 19 has hindered the market growth

The influence of COVID 19 on the tube packaging market has been substantial because demand has fluctuated due to lockdowns in major countries throughout the world. As the packaging sector's output falls, the worldwide market's growth rate is expected to slow slightly. Two major market constraints are the worldwide economic collapse and the unpredictability of packaging raw material prices. Furthermore, rising environmental concerns and stringent government regulations governing the use and management of plastic are expected to hinder market growth throughout the forecast period. Nonetheless, there appears to be an increase in demand for such packaging for dental care, food and beverage, and pharmaceutical uses during COVID 19. As hospitals, pharmaceutical companies, and PPE manufacturers deal with the crises, the pharmaceutical tubing packaging market is expected to increase strongly. Domestic hygiene products, medications, and medical items are not expected to decline significantly, and commercial distribution of such things via online delivery is likely to expand.

LATEST TRENDS

"Plastic packaging is expected to remain in high demand"

Because of its lightweight, flexible, and durable qualities, plastic is the most commonly utilised material in the creation of tube and stick packaging. The manufacturing cost is inexpensive; additionally, it is odor-free, translucent, and has a lovely demeanour. As convenience and regimen become more popular across borders, the market for plastic tubes is increasing, notably in the cosmetic business.

TUBE & STICK PACKAGING MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Flexible Packaging, Semi-Rigid Packaging, Rigid Packaging. Flexible Packaging is anticipated to be the leading segment.

By Application Analysis

Based on application, the market can be divided into Food Industry, Cosmetic, Oral Industry, Pharmaceutical Industry, Others. Food Industry will be the dominating segment.

DRIVING FACTORS

"Significant expansion in the packaging industry may fuel market growth"

Several key factors driving the tube packaging market growth include significant expansion in the packaging industry, new packaging with superior barrier qualities, and a shift in end-user attitudes towards environmentally friendly packaging. Furthermore, this packaging technology has a wide range of applicable domains in a variety of sectors, extending the scope of its application. Tube packaging market share is expected to expand significantly as a consequence of factors such as rising customer demand for easy, safe, and environmentally friendly packaging. Consumer awareness of personal hygiene and well-being is expected to drive growth in the personal care market. The increasing need for personal care goods, which will increase the demand for packaging choices, is a big worry in terms of physical attractiveness.

"Rising Demand for Sustainable Packaging to Support Tube Packaging Industry Growth"

Market growth is being driven by a shift towards sustainable and low-waste lifestyles. Furthermore, increased demand in the cosmetics industry for beautiful and recyclable tube packaging is boosting market growth. The use of post-consumer recycled materials in the production of tube packaging is providing additional fuel to market growth. Furthermore, the increasing use of solvent-free tube packaging utilising mineral microspheres to generate smart packaging materials is fueling market expansion. The introduction of airless technology to safeguard products and extend shelf life while reducing waste in packing tubes is fueling market expansion. Increased restrictions on the use of plastic are likely to open up new markets for innovative materials such as bioplastics, aluminium, and others. Polylactic acid is generally made from renewable energy sources such as maize starch, sugarcane, chips, tapioca roots, and other starches. Polylactic acid is the most widely used bioplastic in the planet. The major elements driving global demand for bioplastics are biodegradability, recyclability, and non-toxicity.

RESTRAINING FACTORS

"Price fluctuations in raw materials may hamper the market growth"

Price fluctuations in raw materials such as plastics, aluminium, and other laminates are projected to impede market expansion. Polyethylene, polyethylene terephthalate, and polypropylene are the most common types of plastic material. The pricing of these polymers are highly variable in relation to crude oil prices. Furthermore, rising environmental concerns and severe government regulations governing the use and disposal of plastic are projected to stymie market expansion over the projection period.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

TUBE & STICK PACKAGING MARKET REGIONAL INSIGHTS

"North America region is predicted to have the highest revenue increase during the projection period "

North America is predicted to be the dominating region in the global Tube Packaging Market, with a 48% market share in 2022, and this dominance is expected to be maintained throughout the forecast period. Several factors contribute to the region's growth, including the presence of well-established businesses such as pharmaceuticals, personal care, and cosmetics, which have a strong demand for Tube Packagings. Increased consumer preference for sustainable packaging solutions, combined with increased need for flexible and convenient packaging solutions, is driving expansion in the region's Tube Packaging Market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Tube & Stick Packaging Companies

• 3D Packaging (France)
• Alltub (France)
• CTL Packaging (U.S.)
• M&H Plastics (U.K.)
• Albea (France)
• Amcor (Australia)
• Constantia Flexibles (Austria)
• Essel Propack (India)
• Prutha Packaging (India)
• Skypack (India)
• Sonoco (U.S.)
• Montebello Packaging (Canada)
• MPack (Poland)
• Neopac (Switzerland)
• Tuboplast (Israel)
• VisiPak (U.S.)
• World Wide Packaging (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.