Tube and Stick Packaging Market to grow by USD 4.52 billion from 2022 to 2027

News provided by

22 Aug, 2023, 06:00 ET

Share this article

NEW YORK, Aug. 22, 2023 /PRNewswire/ -- The tube and stick packaging market size is to grow by USD 4.52 billion from 2022 to 2027, progressing at a CAGR of 6.53% during the forecast period. Discover the Metal & Glass Containers industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The tube and stick packaging market covers the following areas:

Company Landscape

The tube and stick packaging market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.

Company Offering

For the market's company landscape highlights with a comprehensive list of companies and their offerings - View Sample in minutes

Key Market Segmentation

The market is segmented by end-user (cosmetic and oral care, food and beverages, pharmaceuticals, and others), and type (squeeze tubes, twist tubes, cartridges, and others)

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

By geography, the market is segmented by APAC, North America, Europe, Middle East and Africa, and South America.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Market Dynamics

Key Drivers

The rising demand from the e-commerce industry is a key factor driving market growth. This is due to the increasing penetration of the Internet worldwide and the improved accessibility of smartphones. In addition, packaging plays an important role due to which some brands are trying to stand out from others by offering different types of packaging, such as cartridges, airless tubes, injection-molded tubes, and roll-on tube packaging. Some of the main applications include snacks, beer, soft drinks, energy drinks, and alcoholic beverages. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The emergence of paper-based tube packaging is a major trend in the market.

Significant Challenges

Increasing competition from other packaging formats is a significant challenge restricting market growth.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

Why Buy?

Companies Mentioned

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:The rigid plastic packaging market is estimated to grow at a CAGR of 5.24% between 2022 and 2027. The market size is forecast to increase by USD 60.86 billion. This rigid plastic packaging market report extensively covers market segmentation by type (bottles, containers, caps and closures, and others), end-user (food, healthcare, cosmetic and toiletries, beverages, and industrial), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The increasing demand for rigid plastic packaging from the healthcare industry is driving growth in the rigid plastic packaging market.

The retort packaging market is estimated to grow at a CAGR of 6.93% between 2022 and 2027. The market size is forecast to increase by USD 1,534.05 million. This retort packaging market report extensively covers market segmentation by end-user (food, beverages, pharmaceuticals, and others), type (pouches, trays, cartons, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The expansion of the E-commerce industry is driving the market growth.

Tube And Stick Packaging Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.53%

Market growth 2023-2027

USD 4,528.46 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.05

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 30%

Key countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Amcor Plc, ARANOW Packaging Machinery SL, Armbrust Paper Tubes Inc., Assemblies Unlimited Inc., Berry Global Inc., CCL Industries Inc., Clariant International Ltd., Constantia Flexibles Group GmbH, EPL Ltd., Hoffmann Neopac AG, Huhtamaki Oyj, Mondi plc, Plastek Industries Inc., Plastube, Precision Concepts International, Sinclair and Rush Inc., Sonic Packaging Industries Inc., Technical Help in Engineering and Marketing, The Estee Lauder Companies Inc., and Worldwide Packaging LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio