New York City, NY, April 25, 2017/ 24 Market Reports: Packaging trends evolve as per consumer demand, and in turn production and storage needs. The change in consumer demand patterns is the most influencing factor transforming the packaging industry. The cosmetics and pharmaceuticals industries are driving market growth for tube packaging, which uses fewer resources, offers ease of handling, and occupies less space.
Tube packaging is used in applications such as pharmaceuticals, food & beverages, consumer goods, and most commonly in cosmetics and oral care products.
Tubes are lightweight and can be easily transported as they occupy less space. They provide benefits such as protection, compactness, convenience, reliability, and cost-effectiveness.
The increase in consumer preference for convenient, safe, and sustainable packaging will drive the different applications of tube packaging. leading plasterboard companies.
The segmentation considered for this report is based on type, material type, application, and region. The market has been segmented on the basis of application into food & beverages, pharmaceuticals, cosmetics & oral care, and cleaning products. The cosmetics & oral care segment accounted for the largest share, in terms of value, in 2015.
The market has been segmented on the basis of type into squeeze tubes, twist tubes, and others. The squeeze tubes segment accounted for the largest market share, in terms of value, in 2015. This segment is witnessing growth due to advantages such as ease of portability & handling, shape retention, and flexibility.
On the basis of key regions, the tube packaging market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The market in the Asia-Pacific region is projected to have the highest CAGR, in terms of value, for the period between 2016 and 2021. This is mainly due to increase in demand for small and innovative packs in the cosmetics industry in this region.
Packaging trends evolve as per consumer fit, production, and storage needs. The change in consumer demand patterns is a major influencing factor transforming the packaging industry. The cosmetics and pharmaceuticals industries are also driving the market growth as this packaging uses less resources, offers ease in handling, and occupies less space.
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