The European tube packaging market is estimated to grow at a considerable CAGR of around 6.8% during the forecast period (2021-2027). Some of the major companies operating in the region include Albea Services S.A.S., MPack Poland sp. z o.o. sp.k., Scandolara S.p.A., C.T.L. Packaging, Hoffmann Neopac AG, HuhtamäkiOyj, Linhardt GmbH & Co KG and others. Albea Services S.A.S. is a French company that produces printed laminate tubes for the oral care and personal care sector. The company is significantly focusing on a sustainable solution for the plastic tube market. In November 2019, the company announced that its Greenleaf 2 tube has passed successfully the two tests set by the Association of Plastic Recyclers to assess recycling-readiness.
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These tests ensure that packaging that includes Greenleaf tube is recyclable and compatible with HDPE bottle recycling streams. Therefore, ready to join an efficient recycling process. Hoffmann Neopac AG, a Swiss company has opened its new manufacturing unit in Wilson, NC, the US with an annual capacity of 80 million tubes. The Finish company, HuhtamäkiOyj has acquired three companies in recent periods across the globe which include Laminor SA of Brazil in January 2020, Everest Flexibles (Pty) Ltd., of South Africa in December 2019 and Mohan Mutha Polytech Private Limited (MMPPL) of India in September 2019.
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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?
European 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.)
