Squeeze Tube Packaging Market, By Material Type (Aluminum, Plastic, Laminated, and Others), By Application (Oral Care, Beauty & Cosmetics, Pharmaceuticals, Food & Beverages, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
In February 2021, Hoffman Neopack AG introduced a lighter plastic tube solution that uses up to 30% fewer virgin materials. This tube is the newest addition to the company’s EcoDesign series of environment-friendly tubes. It aligns with the packaging industry’s vision to reduce carbon footprint and materials waste. Hoffmann Neopac is a globally active Switzerland-based family company with more than 100 years of tradition. As a leading provider of packaging, produce high-quality Polyfoil, polyethylene and COEX tubes for pharmaceutical, cosmetics and dental products, as well as decorative metal tins for tobacco, confectionery, food and non-food products.
In January 2020, Albea Group started the construction of a new facility in Huai’an, Jiangsu province, north of Shanghai, China. The expansion will include the production of new injection, decoration, and assembly equipment to satisfy the increasing demand from both domestic and foreign beauty brands. Albéa Group is a leading global provider of cosmetic packaging solutions, recognized as the world's largest supplier in this sector. The company has deep roots in France and operates 35 facilities across Europe, Asia, and the Americas, employing around 12,500 people.
In December 2020, Huhtamaki Oyj acquired Laminor S.A. (Brazil). This acquisition will help Huhtamaki Oyj to expand the tube lamination business. Huhtamaki Oyj is a global specialist in food packaging, dedicated to making every consumer experience enjoyable, consistent and safe with the right food packaging.