Stratistics MRC report, Tube Packaging Market Forecasts to 2027 – Global Analysis Application, Key Players, Types, End User and By Geography
MARYLAND, GAITHERSBURG, UNITED STATES, October 20, 2021 /EINPresswire.com/ — According to Stratistics MRC, the Global Tube Packaging Market is accounted for $8.27 billion in 2019 and is expected to reach $16.30 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Growth in flexible packaging and increasing demand for convenience packaging are the major factors propelling the market growth. However, the stringent government regulations are hampering the market growth.
Based on the type of packages, the squeeze tubes segment is going to have a lucrative growth during the forecast period due to the excellent barrier properties such as damage proof, non-toxic, and hygienic. They are preferred because they are convenient and easy-to-use. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rise in population, improving its lifestyle and living standards in this region. This factor coupled with the rising trends in cosmetic and pharmaceutical products and awareness for health and hygiene is driving the market in the region.
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Some of the key players profiled in the Tube Packaging Market include Worldwide Packaging Inc, Viva Group, Visipak, Unicep Packaging, Unette Corporation, Sonoco Packaging Company, Montebello Packaging, M&H Plastics, Intrapac International Corporation, Huhtamaki OYJ, Hoffmann Neopac AG, Essel Propack Ltd, Ctl Packaging, Constantia Flexibles, CCL Packaging, Auber Packaging Solutions, Amcor Ltd, Alltube Group, Albea Group and 3D Technopack Ltd.
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Tube Packaging Market report provides an in-depth study and forecast about the industry covering the complete overview of the market that will assist convey clients and business-making strategies. The industry’s supply chain and market size, in terms of value, have been derived by extensive research methods. Our report enables readers to understand details of the market, latest trends, key drivers and constraints, opportunities, threats, volume and value forecasts, and various investment opportunities for manufacturers operating in the global and regional markets. Tube Packaging Market report also offers company profiling with detailed strategies, financials, key products, and recent developments along with SWOT analysis of profiled players and Porters five forces for deep insights.
This report offers market monitoring related to a particular area of clients interest and provides up to date information related to strategic initiatives like mergers, acquisitions, partnerships, expansions, product launches for leading companies on a regional scale depending on the clients subscription period for various industries or markets. Our data is constantly updated and revised by team of research experts so that it always reflects the recent trends and information. We have high experience in research and consulting for different business domains to provide to the necessities of both individual and corporate clients. Our experienced team uses proprietary data sources and different tools and methods to gather and analyze information.
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Source: EIN Presswire