The North American tube packaging market is estimated to grow at a considerable CAGR of around 7.6% during the forecast period (2021-2027). The tube packaging market in North America mainly driven due to the rising demand for flexible packaging across the cosmetic and personal care industry in the region coupled with the significant application of various types of material such as aluminium, plastics for flexible packaging in the pharmaceutical sector. Most of the face creams and toothpaste are packaged in a plastic tube for the convenience of mass consumers. Additionally, the rising demand for high-end pharmaceutical packaging solution in the region further contributes to the market growth.
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The government regulations for the use of recycled packaging material in the region further provide a significant opportunity to the market. For instance, in February 2019, the American Chemical Council’s Plastics Division proposed a target of 100% use of compostable, recyclable, and reusable and plastics by 2025. These projections by the government are expected to provide ample growth to the plastic tube packaging industry of the region in the future. Apart from this tube packaging have excellent resistance to a vast range of harsh chemicals, including aggressive food products and cleaning solutions. Therefore, significant scope in the food & beverages industry further propels the adoption of tube packaging 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?
North American 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)
North American Tube Packaging Market – Segmentation by Region
- United States
- Canada
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
