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Tube Packaging Market Growth

Tube Packaging Market Growth

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Tube Packaging Market Growth

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  1. Key Players Key players operating in the global Tube Packaging Market Growth are •Amcor Ltd. (Australia) •Albea Group (Luxembourg) •CCL Industries (Canada) •Sonoco Products Company (U.S.) •Sinclair & Rush, Inc. (U.S.) •Essel Propack Ltd (India) •Huhtamaki (Finland) •Montebello Packaging (Canada) •World Wide Packaging LLC (U.S.) •Unette Corporation (U.S.). Industry News In February 2018, Silgan Dispensing Systems, a global supplier of highly engineered pumps and sprayers for consumer goods, launched Amplify™, the company’s new airless pump on the tube. In August 2018, LyondellBasell, a leading plastics, chemicals, and refining company, has announced the acquisition of A. Schulman, Inc., a supplier of high-performance plastic compounds, powders and composites. In August 2018, Kite Packaging Group Ltd. has announced the launch of triangular postal tubes. Market Segmentation By material, the global Tube packaging market growth has been segmented into laminate, plastic, aluminum, and others. By product, the tube packaging market growth is segmented into Squeeze tubes, Twist tubes, and others. By application, the global tube packaging market growth has been segmented into personal care, pharmaceuticals, food, consumer goods, and others. Growth in the Pharmaceutical Industry Increasing demand from the pharmaceutical industry have been increasing overall growth in the tube packaging market growth. The pharmaceutical packaging plays a major role in reducing disease level by protecting the drugs from direct light, moisture, and damage while handling or storing. Because they are cheap, lightweight, flexible, and unbreakable, It is mostly used in pharmaceutical. Polyethylene is the most commonly used material in this packing. According to the IMS Market Prognosis, the global spending on medicine for the year 2011 accounted for USD 956 billion and is estimated to be more than USD 2,890- 3,020billion in the forecasted period. The pharmaceutical sector accounted for 20% of spending on medicine in 2011 and is estimated to account for 35% in 2020.

  2. Regional Analysis The global tube packaging market growth, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is expected to witnessess significant growth during the forecast period.The increasing demand for sustainable packaging is propelling the expansion of the regional tube packaging market growth. The trend is forecasted to continue in the foreseeable future. Asia Pacific is the fastest growing market for tube packaging globally. The growth can be ascribed to the changing consumer behavior pattern that demands convenient packaging. Innovation is the key area of focus for the key manufacturers in the region and endeavors are directed towards innovating product offerings. This, in turn, is expected to augment the tube packaging market growth in the region. Other factors that are complementing the proliferation of the regional market are changing lifestyle, increasing purchasing power, expansion of the personal care industry, etc. Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/tube- packaging-market-1776 For More Info, Click @ https://www.reuters.com/brandfeatures/venture-capital/article?id=60702 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +1646 845 9312 Email: sales@marketresearchfuture.com

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