Squeeze Tube Packaging Market Scope
Squeeze tube packaging is packaging for Squeeze tube by using Aluminum, Plastic and Laminate material. The major application of squeeze tube packaging includes, creams tube packaging, adhesive tube packaging, toothpaste tube packaging, caulk, paints tube packaging, ointments tube packaging, and others. Increasing demand from rapidly growing food & beverages, pharmaceutical, and personal care industries is the major driver for the market. Additionally, rising demand for aluminum material packaging from the pharmaceutical sector and the emergence of customized packaging that allows 360 printing and high-quality decoration are the factors that have been supplementing the overall growth of the market. However, Government Regulation and Rising Environmental Awareness as Plastic is not Degradable are the major factors that have been limiting the market. Moreover, advancement in the squeeze tube packaging method and increasing investment in research and development by key players can create a big opportunity for the market.
According to AMA, the Global Squeeze Tube Packaging market is expected to see growth rate of 7.89% and may see market size of USD39.32 Billion by 2026.
Research Analyst at AMA estimates that North American, Asian and European Vendors will contribute to the maximum growth of Global Squeeze Tube Packaging market throughout the predicted period.
Amcor Limited (Australia), Essel Propack Limited (India), Albea Betts India Pvt. Ltd. (India), Alpha Packaging (United States), Huhtamaki OYJ (Finland), Berry Global Inc. (United States), IntraPac International Corporation (United States), Montebello Packaging Inc. (Canada), Maynard & Harris Plastics (United Kingdom) and Worldwide Packaging Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Pack-Tubes (India) and Vista Packaging (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Squeeze Tube Packaging market , by Application (Oral Care, Beauty & Cosmetics, Pharmaceuticals, Food & Beverages and Others) and Region with country level break-up.
On the basis of geography, the market of Squeeze Tube Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
It has been observed that many regional government has been taking initiatives for reducing plastic waste present on earth. For instance, according to The European Union (EU) only food-contact materials and articles that contain recycled plastic obtained from an authorized recycling process may be marketed in the EU after petitions for recycling processes received by December 31, 2009, are evaluated.
Market Trend
- The Emergence of Customized Packaging that Allows 360 Printing and High-Quality Decoration
Market Drivers
- Increasing Demand from Rapidly Growing Food & Beverages, Pharmaceutical, and Personal Care Industries
- Rising Demand for Aluminum Material Packaging from the Pharmaceutical Sector
Opportunities
- Advancement in the Squeeze Tube Packaging Method
- Increasing Investment in Research and Development by Key Players
Restraints
- Government Regulation is Hampering the Growth of the Market
Challenges
- Rising Environmental Awareness as Plastic is not Degradable
Key Target Audience
Squeeze Tube Packaging Service Provider, Plastic Packaging Provider, Investors, Government Associations, Private Research Organization and Others