The US tube packaging market is estimated to grow at a considerable CAGR of around 7.2% during the forecast period (2021-2027). The significant demand for tube packaging in the food & beverage industry is one of the major factors that propel market growth in the country. Tube packaging has various applications in the food & beverage industry from food manufacturing machines to product packaging. In the present high paced lifestyle, consumers prefer “on the go” food and beverage packaging, with user-friendly functions such as re-sealable and portion packs options. The various food manufacturers are moving towards flexible tubes packaging from traditional food packaging owing to the significant demand by the end-users for this type of packaging.
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Additionally, the tube packaging also used in food conveying to ensure high efficiency and smooth operations, the rollers on belts that transfer food from one machine to the next must exhibit good sliding and wear-resistance properties. The main characteristics of tube materials include good wear plastics, low-friction, and suitable for application as curve tracks, guide rails, wear strips, and chain guides. Additionally, the plastics tube is widely used in tube packaging owing to various benefits low-friction, good-wear plastic that further impact resistance, abrasion resistance, and wear resistance. Along with that, the US has strict regulations regarding the use of plastic owing to its non-biodegradable nature that leads to damage to the environment. Therefore, the rising focus on the development of recyclable tube packaging is another major factor to drive market growth in the country.
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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?
Ø Recovery Timeline
Ø Deviation from the pre-COVID forecast
Ø Most affected region/segment
Ø Recommendations
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
US Tube Packaging Market – Segmentation
By Material Type
· Laminated Tubes
· Aluminium Tubes
· Plastic Tubes
· Others (Paper)
By Vertical
· Cosmetics and Oral Care
· Food & Beverages
· Pharmaceutical
· Others (Cleaning Products)
Company Profiles
· Albéa Services S.A.S.
· Amcor PLC
· CCL Industries Corp.
· Essel Propack Ltd.
· Freelin-Wade Co.
· Hoffmann Neopac AG
· IntraPac International LLC
· Montebello Packaging
· Unette Corp.
· Unicep Packaging, LLC
· VisiPak
· Viva Group
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