Indian tube packaging market is estimated to have a significant CAGR of around 8.0% during the forecast period. The tube packaging market in India is being significantly driven by the expansion of pharmaceutical manufacturing plants and cosmetics R&D plants in the country. As per the IBEF, the Fast-moving consumer goods (FMCG) market in India is expected to reach $103.7 billion by 2020 from $52.7 billion in 2018. In 2018, India’s household and personal care industry, accounting for 50% of the overall FMCG industry. Healthcare accounts for 31%, and food and beverages account for 19% of the overall FMCG industry in the country. Moreover, owing to the vast opportunities including favourable government regulations and availability of cost-effective labor, several foreign companies are opening their production and R&D plants for personal care and food & beverage products in India that provides a significant opportunity to the market.
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Indian tube packaging market is classified on the basis of material type and vertical. Based on material type, the market is segmented into laminated tubes, aluminum tubes, plastic tubes and others. Based on vertical, the market is segregated into cosmetic and oral care, food & beverages, pharmaceutical, and others. The tube packaging in the cosmetic and oral care market is estimated to project a considerable CAGR during the forecast period owing to the increasing demand for flexible packaging in the personal care industry.
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Indian tube packaging market is influenced by product development and advancements conducted by the market players. The key players of the tube packaging market include Albéa Services S.A.S, Amcor PLC, Essel Propack Ltd., IntraPac International LLC, Shree Rama Multi-Tech, Ltd., and others. These players are playing a significant role in the growth of the tube packaging market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Indian Tube Packaging Market – Segmentation
by Material Type
Laminated Tubes
Aluminum Tubes
Plastic Tubes
Others (Paper)
by Vertical
Cosmetics and Oral Care
Food &Beverages
Pharmaceutical
Others (Cleaning Products)
Company Profiles
Albéa Services S.A.S.
Amcor PLC
CCL Industries Corp.
Essel Propack Ltd.
Hoffmann Neopac AG
Huhtamäki Oyj
IntraPac International LLC
Montebello Packaging
MPack Poland sp. z o.o. sp.k.
Shree Rama Multi-Tech, Ltd.
Unette Corp.
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