The Asia-Pacific tube packaging market is estimated to grow at a considerable CAGR of around 8.2% during the forecast period (2021-2027). The market for tube packaging in Asia-Pacific mainly driven by the significant growth in the packaging industry in various economies such as India, Japan, China, and others. In India, the packaging industry is a combination of both organized and unorganized players. This ranges from very small players with less presence to large players with significant market share. In addition, there is a growing trend toward innovative and cost-effective packaging materials in the country. Therefore, the industry players are moving with the changing trends in the packaging sector.
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Moreover, the significant growth in the personal care industry further provides a significant opportunity to the tube packaging market. Multinational companies are constantly dominating the personal care products market in the region. In China, the three major sellers that are locally producing personal care and cosmetics products include L’Oreal, Procter and Gamble, and Shiseido. China is expected to become the major market for personal care and cosmetics products across the globe over the next five to ten years, owing to the increasing tendency towards value-added beauty and personal care products with particular functionalities. Therefore, the personal care products such as creams and various products have the significant application of tube packaging that further contribute to the market growth in the region.
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
