Many consumer product manufacturers realize the need to introduce eco-friendly packaging material to promote sustainability and attract eco-conscious consumers. Manufacturers are emphasizing the use of recyclable materials in packaging, and use of resins derived from renewable resources. The analysts expect minimal use of non-biodegradable materials in packaging.
The analysts forecast global tube packaging market to grow at a CAGR of 6.72% over the period 2015-2019. The market can be segmented into four based on the following: end-users (Cosmetic and oral care, Food and beverages, Pharmaceuticals and Others), products (squeeze tubes packaging, twist tubes packaging, cartridge packaging and other tubes packaging), material, and geographies.
The demand for tube packing from the pharmaceutical industry has increased significantly with the introduction of new drugs in the market. Most creams are packed in tubes, as they allow measured amounts to be dispensed easily and provide better reclosure to the pack.
Other major factors like advances in manufacturing processes are also fueling market growth. For instance, tubes made up of tin, aluminum, and lead are common in the pharmaceutical industry. Lamination of tin-coated lead provides enhanced appearance and oxidation resistance to the packaging. Plastics are preferred over aluminum, as it becomes hard and start developing leaks.
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