The global tube packaging market size is estimated to grow from USD 9.5billion in 2021 to USD 13.0billion by 2026, at a CAGR of 6.6% during the forecast period.The market is projected to witness decent growth in the near future, owing to growing demand from oral care and cosmetics industries throughout the world. Increasing demand from APAC will further drive the growth of the global tube packagingmarket.
Amcor (Switzerland), Albea Group (France), EsselPropack Limited (India), Hoffman Neopack AG (Switzerland), andHuhtamaki Oyj(Finland), among others are the leading tube packaging manufacturers, globally. These companies adopted new product launch, expansion, partnership & collaboration, and merger &acquisition, partnership & collaboration as their key growth strategies between 2017and 2020 to earn a competitive advantage in the tube packagingmarket.
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Albeais the largest player in the market. It offers various products based on core expertise such as tubes, cosmetic packaging, dispensing system, and beauty solutions. In March 2020, L’Oréal in partnership with Albea Group announced the launch of the world’s first accredited paper-based cosmetic tube, which will eventually replace plastic for environmental safety.
EsselPropack Limited is the second-largest player of the tube packagingmarket, globally. EsselPropack Ltd. is one of the largest global specialty packaging company which manufactures laminated plastic tubes catering to the FMCG and pharmaceutical segments. In November2020, EPL acquired Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction. Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, and plastic co-ex tubes and caps, primarily serving personal care, cosmetic, pharmaceuticals, and FMCG markets in India.