Market Size of Tube Packaging Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.66 Billion |
| Market Size (2029) | USD 9.50 Billion |
| CAGR (2024 - 2029) | 7.39 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tube Packaging Market Analysis
The Tube Packaging Market size is estimated at USD 6.66 billion in 2024, and is expected to reach USD 9.5 billion by 2029, growing at a CAGR of 7.39% during the forecast period (2024-2029).
Tubes are one of the most popular packaging formats in the cosmetic and personal care segment, primarily attributed to their convenience, portability, and flexibility to hold and dispense a wide variety of products.
- Factors like the increasing urbanization, growing millennial population, and rising disposable incomes of consumers are the major contributors to the growth of the market studied. Urbanization has been responsible for boosting disposable income and creating awareness about the availability of different cosmetics products, thus creating several opportunities for market players and significantly spurring the demand for Tube packing.
- The laminated tubes are currently governing the market owing to its multi-layered barrier structure. These tubes improve the shelf-life of the product by providing excellent barrier properties and minimize the transfer of oxygen and light, offering protection against bacteria, due to which the demand is rising.
- The pharmaceutical market is also driving the growth of the market especially medicines that are used in Dermatology where tube packing is extensively used. Global pharmaceutical sales globally in 2018 were 110 billion USD according to AstraZeneca and the future growth of the pharmaceutical sector will drive the demand for tubes and bottles packaging particularly.
- Further, technological advancements in cosmetic packaging due to focus on enhancing the user's experience such as by including a brush or sponge head, on a tube with a pump and other innovative applicators, are being requested more often.
- Urbanization has created several opportunities for market players, by boosting disposable income and creating awareness about the availability of different cosmetics products thereby significantly spurring the demand for Tube packing.
- However, regulations vary across regions and countries for packing which may hamper the growth of the market.
