Tube and Stick Packaging Market to grow by USD 4.52 billion from 2022 to 2027
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22 Aug, 2023, 06:00 ET
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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!
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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
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