A recent study from MarketsandMarkets (marketsandmarkets.com) entitled "Tube Packaging Market," defines and segments the global Tube Packaging Market with analysis and forecast of the global revenues for tube packaging. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of application.
The market report found that the tube packaging industry has a positive outlook due to high growth in the packaging industries. Rising per capita income and rising trends of sustainable packaging are accelerating the demand for squeeze tubes and laminated. Consumer preference in emerging economies such as China, India, Brazil, and South Africa are gradually transitioning from traditional packaging to new innovative packaging. The movement of rural population to urban areas in developing countries has also been increased, due to which the demand for new tube packaging is on the rise. China and Japan are projected to witness the highest demand for the Tube Packaging Market in the coming years. The demand for sustainable packaging, convenient packaging and excellent barrier property of tubes is fueling the Tube Packaging Market. The demand for tube packaging is projected to rise in developing countries, such as China, India, and some other Asia-Pacific countries including Indonesia and Thailand.