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Global Tube Packaging Market Size, Industry Trends, Share and Forecast 2020-2026
The global market for tube packaging is projected to have considerable CAGR of around 5.9% during the forecast period. The market for tube packaging is projected to grow with the increasing application of plastic tubes in various industries such as cosmetic & oral care, food & beverages, and pharmaceutical industry. Plastics tubes are used for the packaging of lubricants, greases and performance synthetic oils for movable high temperature applications such as combustible engines which has liquid properties like low viscosity. Plastic tubes can be a part of a lubricating kit and are used for manual dispensing. There are various types of plastics tubes such as laminated tubes, PBL plastic tubes are mainly used for the lubricants, greases and cleaning agents.
The pharmaceutical industry has significant use of plastics tubes as pharmaceutical packaging has an essential contribution in the various end-user application of pharmaceutical manufacturing, contract packaging, retail pharmacies and other. The plastic barrier laminate (PBL) tubes are widely used in the pharmaceutical industry as these tubes are versatile and provide stable packaging platform. Various companies provide plastic tube solutions for the pharmaceutical industry. There is a lot of usage of plastic tubes in the food and beverage industry. Plastic tubes have various applications in the food & beverage industry from food manufacturing machines to product packaging.
Further to be used for packaging in the food & beverage industry these tubes have excellent resistance to a vast range of harsh chemicals, including aggressive food products and cleaning solutions. In the baking industry, generally, temperature resistant materials are used due to which these tubes must have high-temperature resistance. The tubes which are most commonly used in the food industry include laminated tubes and seamless plastic tubes. Therefore the significant application of plastic tube packaging in various industries further provide significant contribution in the market share.
Moreover, there is an increasing shift towards flexible packaging along with the materials used for packaging; where polymers account for a certain majority of the share in the packaging industry. Flexible packaging is growing at an accelerated rate as compared to rigid packaging and offering more market and application potential. Flexible packaging consists of either monolayer or multilayer films of plastics. Multi-layered laminated sheets of plastics mainly include PE, PP, PET, and PVC. Laminated tubes (Lami Tubes), on the other hand, have multiple applications in the plastic packaging industry, including the pharmaceutical and cosmetic sector. These laminated plastic tubes are an excellent choice for the packaging industry as they can be manufactured with short lead times and are suitable for many decoration possibilities, which includes 3D printing.
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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