Increasing preference for bio-degradable products across the globe has been stimulating the production sales of packaging tubes on a larger basis. Sales of aluminium tubes is likely to witness a considerable growth in the coming years. Convenience and affordable price have been the major factors driving the production sales of packaging tubes across the globe.
Future Market Insights, a research firm, carried out a comprehensive study, which relates to the packaging tubes market and could be highly beneficial for their end-users as well. This has been helping all of our analysts, who are involved in development of the report for disclosing authentic information regarding the packaging tubes market for the coming years. The study indicates that packaging tubes market will be growing at a steady CAGR of 5.4% during the anticipated period, 2018-2028, for touching an estimation of approximately US$ 4.5Bn by 2028-end.
Developing highly innovative, advanced and effective packaging tubes are expected to be witnessed as a remarkable trend that has a highly positive impact on the development of packaging tubes, worldwide. Analysts have been making sure that they are catering to the holistic concerns of the industry associates and market observers regarding the packaging tubes market.
What is fuelling the growth of packaging tubes market?
Increasing adoption of innovative and advanced digital print technology on a larger basis is likely to stimulate the growth of packaging tubes market across the globe.
How will the manufacturers in the packaging tubes market contribute towards the global market growth?
Well, manufacturers along with key players are planning to improve their existing formats with regards to packaging tubes, which in turn will gain consumer attraction on a larger basis, especially in the cosmetics, oral care products and pharmaceuticals industry. Besides, manufacturers are also working on making heavy investments in the research and development with regards to cheaper sustainable materials, in order to be highly beneficial for packaging tubes market.
Did you find out what has been trending in the packaging tubes market?
Yes. Analysts did. Increasing adoption of laminated tubes due to presence of exclusive features has been making it a trend in the packaging tubes market across the globe. ‘Premiumization’ has been the major trend currently going on in the packaging tubes market across the globe.
Is there opportunity existing for growth of the packaging tubes market?
Well, personal and the beauty care industries are expected to create significant growth opportunities for the packaging tubes market in the near future.
What is restricting the growth of packaging tubes market?
Limited availability of bio-based plastic tubes as well as related legislative framework have been restricting the widespread adoption amongst the manufacturers of tubes. Apart from this, increasing number of alternatives are also expected to restrict the growth of packaging tubes market.
Who have been the profiled key players in the packaging tubes market?
Well, analysis shows that Pirlo GmbH & Co KG, Hoffmann Neopac Ag, Tubapack A.S., Pack-Tubes, Huhtamaki Oyj, Ctl-Th Packaging Sl and Essel Propack Ltd. amongst others are the profiled key players in the packaging tubes market.
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