Joanna Cosgrove, Contributing Editor06.05.17
Offering convenience, portability and flexibility to hold and dispense a wide variety of products, tubes are one of the most popular packaging formats in the cosmetic, personal care and beauty segment.
According to a report from Markets and Markets, the value of the tube packaging market is expected to grow from $6.65 billion in 2016 to an estimated $9.3 billion by 2021 (+6.9% CAGR). The report points to the cosmetics and oral care segment as the dominant tube venue and projects it to be the fastest-growing end-user sector in the next five years, as a result of the increasing demand for innovative packaging in various industries–a key market driver for tube packaging. Among the trends set to influence the growth is the increasing cosmetics industry demand for tubes that protect against bacteria, as well as tubes that help improve product shelf-life. That said, laminated tubes are projected to grow at the highest CAGR over the next three years, due to their barrier protection qualities.
One of the latest tube projects from Evansville, IN-based
According to a report from Markets and Markets, the value of the tube packaging market is expected to grow from $6.65 billion in 2016 to an estimated $9.3 billion by 2021 (+6.9% CAGR). The report points to the cosmetics and oral care segment as the dominant tube venue and projects it to be the fastest-growing end-user sector in the next five years, as a result of the increasing demand for innovative packaging in various industries–a key market driver for tube packaging. Among the trends set to influence the growth is the increasing cosmetics industry demand for tubes that protect against bacteria, as well as tubes that help improve product shelf-life. That said, laminated tubes are projected to grow at the highest CAGR over the next three years, due to their barrier protection qualities.
One of the latest tube projects from Evansville, IN-based
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