Dublin, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The "Tube & Sticks Packaging Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
A new market research report on the Tube & Sticks Packaging Industry has been published, providing comprehensive analysis and forecasts from 2023 to 2028. This report offers a deep dive into the market dynamics, including key drivers and developments shaping the industry's landscape.
The tube and stick packaging market, valued at US$1.32 billion in 2021, is projected to expand at a compound annual growth rate (CAGR) of 7.57% during the forecast period, signifying a robust growth trajectory. This market encapsulates a variety of packaging solutions catered towards sectors such as cosmetics, healthcare, food, and homecare.
Drivers Propelling Market Growth:
- Consumer demand for convenient, portable packaging solutions
- Rising popularity of stick-based products and premium offerings
- Increased consumer awareness about sustainable packaging materials
- Surge in personalized packaging trends aligning with consumer preferences
- Technological advancements in packaging manufacturing
- Robust expansion of the e-commerce sector
Key Segmentation Insights:
The report segments the tube and stick packaging market into various categories to provide a detailed understanding of different aspects of the market. Segments include:
- By Packaging Type (Squeeze, Twist, Cartridge, etc.)
- By Material (Plastic, Paper, Aluminium, etc.)
- By Application (Personal Care, Healthcare, Food, Homecare, etc.)
- By Geography (North America, Europe, Asia Pacific, etc.)
Asia-Pacific Region's Significant Market Share:
The report gives particular attention to the Asia-Pacific region, which holds a vital market share due to factors like emerging economies, increasing disposable income, and shifting consumer habits. This region is central to the expansion of the tube and stick packaging industry, with China and India being significant contributors to the market growth.
Innovations Steering Industry Forward:
New developments in the industry are highlighted, such as the introduction of a novel paperboard tube with high fiber content, set to revolutionize the cosmetics and personal care sectors.
Flourishing Cosmetics Sector Bolsters Demand for Tube & Stick Packaging Solutions
One of the noteworthy findings of this report is the surge in the cosmetics and personal care segment. Innovations in product formulations and escalating demand for aesthetically appealing packaging are pivotal factors contributing to the growth of tube packaging within these industries.
As the packaging industry continues to evolve, this report will serve as an essential resource for those looking to understand the key influences driving the tube and stick packaging market forward towards a sustainable future.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 156 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value (USD) in 2021 | $1321.47 Million |
| Forecasted Market Value (USD) by 2028 | $2202.4 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Companies Profiled
- Amcor PLC
- Armbrust Paper Tubes Inc.
- Berry Global Gr.
- Albea S.A.
- CCL Industries Inc.
- Essel Propack
- Constantia Flexibles Group
- Clariant International Ltd
- The Plastek Group
For more information about this report visit https://www.researchandmarkets.com/r/rkfcac
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
