The main factor driving the market's expansion is the rise in the popularity of small-sized packs for personal care products. Other major drivers of the market's expansion include the development of packaging technology and technological advancements in general, the widening of its applications in various industrial fields, concerns about convenience and hygienic packaging, and the demand for packaging materials with excellent barrier properties. Additionally, in the projected period, the market for tube packaging will see increased expansion due to the use of bioplastic-based packaging, paper-based tube packaging, and consumer demand for convenient and innovative packaging.
Global Tube Packaging Market was valued at US$ 9,263.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.9% during the forecast period (2022 to 2030).
Leading Companies in the Tube Packaging Industry:
1. Amcor Limited
Amcor plc develops, produces, and sells packaging products. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland. In January, 2023 Amcor a global leader in developing and producing responsible packaging solutions, announced it has entered into an agreement to acquire Shanghai-based MDK.
2. Essel Propack Limited
EPL Limited, together with its subsidiaries, manufactures and sells plastic packaging materials in the form of multi-layer collapsible tubes and laminates. EPL Limited was incorporated in 1982 and is based in Mumbai, India. In November, 2021 EPL announced a major conversion of a leading brand partner Vicco Labs to 100% recyclable packaging.
3. Sonoco Products Company
Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging products Sonoco Products Company was founded in 1899. The company is headquartered in Hartsville, South Carolina and is operations in 33 countries. In November, 2022 Sonoco ThermoSafe, a unit of Sonoco and one of the largest global providers of temperature assurance packaging, and LATAM Cargo, an international cargo airline with headquarters in Santiago de Chile, announced a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container.
4. World Wide Packaging Inc.
Founded in 1980, World Wide Packaging provides the cosmetics and personal care industries with a complete range of packaging components, custom and stock moulding, and product development and sales. The company has headquarters situated in North-eastern, US.
5. Montebello Packaging Inc.
Montebello Packaging manufactures aluminum tubes, cans, marker barrels, and foil and plastic laminated tubes. The company has headquarters situated in Lebanon, KY
6. CCL Packaging USA.
CCL Industries Inc. engages in manufacture and sale of labels, and provides media and software solutions. The company was founded in 1951 and is headquartered in Toronto, Canada. The company operates in more than 43 countries.
7. Huhtamaki Oyj
Huhtamäki Oyj manufactures and sells packaging products. Huhtamäki Oyj was founded in 1920 and is headquartered in Espoo, Finland. Also the company is operational in more than 38 countries.
8. Hoffman Neopack AG
Hoffmann Neopac AG was founded in 1890. The Company's line of business includes the manufacturing of plastics products. The company has headquarters situated in Thun, Switzerland.
*Definition- As a form of packaging, tube packaging is employed for foods and beverages, cosmetics and oral care, pharmaceuticals, and cleaning supplies.
