The global aluminum tube packaging market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. The growing concern towards sustainability will drive the aluminium tube packaging market. Aluminum is rich in mineral and 100 percent recyclable due to which it is sustainable option for eco-friendly packaging. When aluminium is compared with plastic, it is more sustainable as plasctic can be recycled only 2-3 times where as aluminium can be recycled infinite times, due to which companies are focusing on expanding their aluminium products portfolio. For instance, in October 2020, Favia expanded its sustainable packaging solutions, by launching aluminium tube with a recycled plastic cap to take a influential step towards green packaging to protect the environment.
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The impact of COVID-19 has spread to almost every country globally. Due to lockdown the manufacturing and supply chain was disturbed in various industries including packaging industry. There was a slight decline in the aluminium tube packaging market caused by COVID-19. However, there was a rise in demand for tubes during COVID-19 due to its application in pharmaceutical and food & beverages industries. The demand for aluminium tubes for packaging increased continuously in pharmaceutical industry due to rising utilization of packaging tubes in hospitals, drugs, and PPE kits. Further, demand for household cleaning products was also increased as people were concerened about their health and took every possible precaution to protect themselves from COVID-19.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Aluminum Tube Packaging Market by Segment
By Product
- Squeeze Tube
- Twist Tube
- Collapsible Tube
By Cap Type
- Flip Top Cap
- Nozzle Cap
- Standup Cap
By Vertical
- Cosmetic & Oral Care
- Food & Beverages
- Pharmaceutical
- Personal Care
- Others (Cleaning Products)
Global Aluminum Tube Packaging Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aluminum tube packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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