Market Size of Tube & Stick Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.60 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Tube & Stick Packaging Market Analysis
The Tube & Stick Packaging market was valued at USD 7.87 billion in 2020 and is expected to reach USD 10.91 billion by 2026, at a CAGR of 5.6% over the forecast period 2021 - 2026., owing to the increase in demand for convenience packaging.
- The use of multilayered laminated tubes and stick packaging has increased for the use in packaging of skincare, pharmaceutical products, food packaging, and others. Companies are investing in R&D for advanced packaging solutions, which are more naturally made.
- The application in the pharmaceutical industry is driving the growth of the market, especially medicines that are used in Dermatology, where tube packing is extensively used. Global pharmaceutical sales globally in 2018 were 110 billion USD, according to AstraZeneca, pharmaceutical and biopharmaceutical company. Further the future growth of the pharmaceutical sector will drive the demand especially for tubes and stick packaging.
- Furthermore, the increases in strict government regulations for the secure usage of the plastic packaging for various applications might challenge the market growth of tube & stick packaging. However, the increasing investments made by the packaging vendors might result in the improvement of the manufacturing process and coming out with better innovations for the tube & stick packaging materials.
Tube & Stick Packaging Industry Segmentation
The tube & stick packaging market study coversapplications in personal care,like creams, ointments, gels, and even thick liquids, eatables, pharma products, etc. A variety of packing products like squeeze, twist, stick, and are primarily made up of plastic, paper, and aluminum, etc., were analyzed as a part of the study.
By Packaging Type | |
Squeeze | |
Twist | |
Cartridge | |
Other Packaging Types |
By Material Type | |
Plastic | |
Paper | |
Aluminium | |
Other Materials |
By Application | |
Personal Care | |
Healthcare | |
Food | |
Homecare | |
Other Applications |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Tube & Stick Packaging Market Size Summary
The Tube & Stick Packaging market is experiencing significant growth, driven by the increasing demand for convenience packaging across various industries such as skincare, pharmaceuticals, and food. The market is characterized by the rising use of multilayered laminated tubes and stick packaging, which are favored for their lightweight, flexible, and durable properties, primarily due to the use of plastic. The pharmaceutical sector, particularly in dermatology, is a major contributor to market expansion, as tube packaging is extensively utilized for medicinal products. Despite challenges posed by stringent government regulations on plastic usage, ongoing investments in research and development by packaging vendors are expected to lead to innovations and improvements in manufacturing processes, enhancing the market's growth prospects.
The Asia-Pacific region is a key driver of demand for tube and stick packaging, fueled by strong population growth, improved living standards, and increased awareness of health and hygiene. The region's robust export activities, particularly in cosmetics, further bolster the market. In countries like China and India, the high prevalence of oral diseases has spurred demand for oral care products, which often utilize tube and stick packaging. The market is highly fragmented, with numerous players competing for a sustainable competitive advantage through material innovation, design, technology, and application. Notable companies in the market include Amcor, Berry, and Sonoco, with recent developments such as Amcor's acquisition of Bemis and partnerships aimed at ensuring sustainable supply chains.
Tube & Stick Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Increasing Demand for Convenience Packaging
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1.4 Market Challenges
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1.4.1 Increase in Government Regulations in the Packaging Industry
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1.5 Value Chain / Supply Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Packaging Type
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2.1.1 Squeeze
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2.1.2 Twist
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2.1.3 Cartridge
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2.1.4 Other Packaging Types
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2.2 By Material Type
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2.2.1 Plastic
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2.2.2 Paper
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2.2.3 Aluminium
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2.2.4 Other Materials
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2.3 By Application
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2.3.1 Personal Care
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2.3.2 Healthcare
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2.3.3 Food
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2.3.4 Homecare
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2.3.5 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East & Africa
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Tube & Stick Packaging Market Size FAQs
What is the current Tube & Stick Packaging Market size?
The Tube & Stick Packaging Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Tube & Stick Packaging Market?
Berry Global Inc., Amcor PLC, Constantia Flexibles Group GmbH, Albae S.A. and Essel Propack Limited are the major companies operating in the Tube & Stick Packaging Market.