Description
North America Tube Packaging Market Research Report Forecast to 2027
Market Overview
The demand for tube packaging is growing significantly in the North American market primarily due to factors such as the growing demand from the food & beverage industry and the proliferation of the packaging industry.
The North America tube packaging market is projected to grow at a 4.4% CAGR during the forecast period, 2021–2027. In 2020, the tube packaging market was dominated by the US with a 53.3% share, followed by Canada & Mexico with shares of 27.6% and 19.1%, respectively.
A tube is a hollow and cylindrical container made up of plastic, aluminum, or paperboard and is primarily used for containing viscous liquids such as ointment, toothpaste, and adhesives, among others. During manufacturing and filling processes, both ends of the tube are treated in a different way. There is an oval orifice on one end of the tube body, which can be closed by caps and closures.
The other end is folded or sealed after the addition of contents. Tube packaging containers are extruded and customized with printing, labeling, punching, slicing, crimping, and other fabrications to create a functional and unique package.
The North America tube packaging market is driven by the growing demand from the food & beverage industry and the proliferation of the packaging industry. However, the growing adoption of flexible packaging is expected to restrain the market growth. The direct digital print methods on rigid containers are expected to create opportunities for the market players.
Market Segmentation
The North America tube packaging market has been segmented based on material, product, application, and country.
Based on material, the tube packaging market has been segmented into laminate, plastic, aluminum, and others. The laminate segment is expected to grow at the fastest rate during the forecast period. In 2020, the laminate segment held a share of 45.3% of the North America tube packaging market.
Based on product, the North America tube packaging market is segmented into squeeze tube, twist tubes, and other. Based on application, the North America tube packaging market is segmented into personal care, pharmaceutical, food, consumer goods, and others.
Regional analysis
Geographically, the report on the North America tube packaging market has been segmented into the US, Canada, and Mexico.
The USA accounted for the largest market share in 2020, with a market value of USD 1,777.3 million; it is expected to register a CAGR of 4.1% during the forecast period. In the US, the pharmaceutical packaging industry is witnessing rapid growth.
With the expanding market for drugs, the demand for packaging increases continuously in the pharmaceutical industry, thus enabling the tube packaging market to achieve higher growth in the country. In addition, higher consumer expenditure on personal care products will further drive market growth.
Major Players
North America Tube Packaging Market Research Report Forecast to 2027
The demand for tube packaging is growing significantly in the North American market primarily due to factors such as the growing demand from the food & beverage industry and the proliferation of the packaging industry.
The North America tube packaging market is projected to grow at a 4.4% CAGR during the forecast period, 2021–2027. In 2020, the tube packaging market was dominated by the US with a 53.3% share, followed by Canada & Mexico with shares of 27.6% and 19.1%, respectively.
A tube is a hollow and cylindrical container made up of plastic, aluminum, or paperboard and is primarily used for containing viscous liquids such as ointment, toothpaste, and adhesives, among others. During manufacturing and filling processes, both ends of the tube are treated in a different way. There is an oval orifice on one end of the tube body, which can be closed by caps and closures.
The other end is folded or sealed after the addition of contents. Tube packaging containers are extruded and customized with printing, labeling, punching, slicing, crimping, and other fabrications to create a functional and unique package.
The North America tube packaging market is driven by the growing demand from the food & beverage industry and the proliferation of the packaging industry. However, the growing adoption of flexible packaging is expected to restrain the market growth. The direct digital print methods on rigid containers are expected to create opportunities for the market players.
Market Segmentation
The North America tube packaging market has been segmented based on material, product, application, and country.
Based on material, the tube packaging market has been segmented into laminate, plastic, aluminum, and others. The laminate segment is expected to grow at the fastest rate during the forecast period. In 2020, the laminate segment held a share of 45.3% of the North America tube packaging market.
Based on product, the North America tube packaging market is segmented into squeeze tube, twist tubes, and other. Based on application, the North America tube packaging market is segmented into personal care, pharmaceutical, food, consumer goods, and others.
Regional analysis
Geographically, the report on the North America tube packaging market has been segmented into the US, Canada, and Mexico.
The USA accounted for the largest market share in 2020, with a market value of USD 1,777.3 million; it is expected to register a CAGR of 4.1% during the forecast period.
In the US, the pharmaceutical packaging industry is witnessing rapid growth. With the expanding market for drugs, the demand for packaging increases continuously in the pharmaceutical industry, thus enabling the tube packaging market to achieve higher growth in the country. In addition, higher consumer expenditure on personal care products will further drive market growth.
Major Players
Amcor Ltd., CCL Industries, Sonoco Products Company, Berry Global, and WestRock are some of the key players operating in the North American market.
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