Global Tube and Stick Packaging Market 2017-2021
About Tube and Stick Packaging
Plastic, aluminum, and paper are the materials used for tube and stick packaging. These materials are flexible and can easily change shape based on the nature of the product being packaged. To develop different sizes of tube packaging, these materials undergo detailed conversion processes, such as printing, coating, lamination, and extrusion, depending on the requirement of the product that needs to be packed.
Technavio’s analysts forecast the global tube and stick packaging market to grow at a CAGR of 7.18% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tube and stick packaging market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tube and Stick Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global tube and stick packaging market: Albéa, Amcor, Constantia Flexibles, and Essel Propack.
Other Prominent Vendors in the market are: 3D Packaging, Alltub, CTL Packaging, M&H Plastics, Montebello Packaging, MPack, Neopac, Prutha Packaging, Skypack, Sonoco, Tuboplast, VisiPak, and World Wide Packaging.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of multi-layered laminated tubes. The pharmaceutical industry and skin care companies are coming up with more advanced natural and sophisticated formulations. These products have increased the demand for protective packaging.”
According to the report, one driver in the market is availability of raw materials at low price. Easy availability of basic materials for packaging is a concern for every company. Tube and stick packaging is a success in the packaging industry because it offers advantages in terms of cost. The raw materials used in tube and stick packaging are plastic, polymers, aluminum foil or fiber, and cardboard paper. Major vendors providing tube and stick packaging materials are Aaaka Plastics, AdvanTech Plastics, Innovative Plastech, Bardes Plastics, International Plastics, and others.
Further, the report states that one challenge in the market is rigid packaging requirements. It is a convenient form of packaging that appeals to consumers due to their single-serve format, easy usability, and one-time use functionality. However, the market is witnessing intense competition from rigid packaging materials, as its market is ten times that of flexible packaging. Rigid packaging products are made from materials that retain their original shape, regardless of transportation and temperature conditions.
Albéa, Amcor, Constantia Flexibles, Essel Propack, 3D Packaging, Alltub, CTL Packaging, M&H Plastics, Montebello Packaging, MPack, Neopac, Prutha Packaging, Skypack, Sonoco, Tuboplast, VisiPak, and World Wide Packaging.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook