The expansion of the cosmetics, pharmaceutical, toiletry, and food industries has a significant impact on the market for tube packaging. Consumers want food that is sold in compact containers that are simple to transport to and from work or store in the refrigerator. Ketchup and sauces in smaller tubes are two food items that are propelling the market's expansion. Some producers let clients to order straight from their web portal. This has increased the likelihood that buyers will buy the products, driving up the market value. The usage of tube packing is common in many established businesses. These industries' expansion has benefited the market's expansion. The pharmaceutical market had a value of roughly 66 billion US dollars in 2030 and is anticipated to increase during the projection period. The value of the market will also increase as the pharmaceutical business expands.
In 2021, the market for Squeeze Tube Packaging was estimated to be worth roughly $10.47 billion.
Leading Companies in the Squeeze Tube Packaging Industry:
1)Amcor Limited: Amcor is a leading provider of packaging solutions to the food, beverage, pharmaceutical, medical, household, personal care, and industrial sectors. Amcor is a leading global manufacturer of flexible and rigid plastic packaging. The successful conclusion of Amcor's acquisition of Bemis Company Inc. was announced in 2019. Established: 1896. Victoria, Australia serves as the headquarters.
2)Essel Propack Limited: A packaging company is EPL Ltd. The business produces laminated plastic tubes for the FMCG and pharmaceutical industries. It offers solutions that are tailored to an expanding range of applications as well as fresh developments in material, technology, and process. The Blackstone Group owns EPL Limited, a multinational tube-packaging business with its headquarters in Mumbai. It was formerly known as Essel Propack Limited. Created in 1982. EPL Ltd will purchase Creative Stylo Packs and choose a 72.5% share in it.
3)Albea S.A.: Manufacturer and wholesaler of cosmetic and pharmaceutical packaging solutions for well-known and up-and-coming, independent and legacy, big and small, national and global businesses. Headquartered at France's Gennevilliers. established in 2004. The 2018 acquisition valued Paris-based Albea at $1.6 billion; it is now a part of BNP Paribas SA, the largest lender in France.
4)Huhtamaki OYJ: A company called Huhtamäki Oyj is situated in Finland and produces and sells consumer packaging goods. Established in 1920. Finland's Espoo is the location. In 2023, Huhtamaki will fully own its Australian joint venture for foodservice distribution.
5)Berry Global Inc.: Leading global provider of plastic packaging materials, Berry Global Group Inc. primarily sells to consumer-focused end markets. The four business divisions are: engineered materials, health, hygiene, and specialty, consumer packaging international, and consumer packaging North America. RPC Group Plc (RPC) has been fully acquired by Berry Global Group, Inc. (NYSE: BERY), the company stated today. Headquarters: in the US city of Evansville, Indiana. Established in 1967.
6)Intrapac International Corporation: Software solutions for the insurance market are offered by Sapiens International Corp NV, which is also beginning to concentrate more on the financial services industry. 2019 saw the completion of the merger between US-based rigid packaging maker IntraPac International and Technical Precision Plastics (TPP). Established in 2003. North Carolina's Mooresville serves as the headquarters.
Definition. A tube, squeeze tube, or collapsible tube is a collapsible package which can be used for viscous liquids such as toothpaste, artist's paint, adhesive, caulk, & ointments.
