The Asia-Pacific tube packaging market is estimated to have a significant CAGR of around 8.2% during the forecast period. The major factors that propel the growth of the market include the rising demand for flexible packaging in pharmaceutical, food & beverage, and personal care products and other industry. Moreover, the growing e-commerce industry further provides ample opportunity to the tube packaging market as convenient packaging solutions are widely accepted in e-commerce logistics. As per the United Nations Conference on Trade and Development (UNCTAD), in 2017, global e-commerce sales grew 13%, hitting an estimated $29 trillion. Apart from a large number of internet shoppers making purchases from domestic vendors, the share of consumers buying products from abroad increased from 15% in 2015 to 21% in 2017.
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The Asia-Pacific 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. Geographically, the Asia-Pacific tube packaging market is segmented into China, India, Japan, and the Rest of Asia-Pacific. China is expected to contribute a significant share in the Asia-Pacific market.
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The Asia-Pacific 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.
Asia-Pacific 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)
Asia-Pacific Tube Packaging Market – Segmentation by Region
China
Japan
India
Rest of Asia-Pacific
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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