The squeeze tube market size is projected to be valued at US$ 32.41 Bn in 2022 and is expected to surpass US$ 63.76 Bn by 2032. The demand for squeeze tubes is likely to grow at an average CAGR of 7% during the forecast period.
The competition among global squeeze tube manufacturers is projected to heat up throughout the predicted period. The majority of businesses provide regular as well as bespoke plastic, aluminum, and laminated squeeze tube packaging options. Over the projection period, rising demand for novel goods such as biodegradable and recyclable squeeze tubes is likely to increase competitiveness.
Due to rigorous rules governing the processing and recycling of raw materials, notably plastics, global firms are focused on sustainable production. This shift in demand has led to alliances and partnerships between squeeze tube manufacturers and plastic recycling firms to meet high standards.
Technological advancements are creating new opportunities for squeeze tube market players. Squeeze tube vendors like to layer the tubes so that the product within the tube does not react with the inner layer.
See-through tubes are used in the cosmetic industry to provide aesthetic value to the packaging. Some manufacturers have made it possible for buyers to order things straight from their websites. This factor has increased the likelihood of buyers purchasing the items, enhancing the demand for squeeze tubes.
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What are the Squeeze Tube Manufacturers doing?
Squeeze tube companies are researching new techniques for making tubes. As tubes are used and discarded more often, it is critical to develop eco-friendly raw materials that do not hurt the environment. To extend their local and worldwide base, manufacturers are focused on eco-friendly, recyclable, and overall ultra-light design.
Such initiatives by leading players are fostering a favorable atmosphere for the expansion of the squeeze tube market. The growing environmental concern and knowledge about the impact of plastic production techniques and waste are affecting the market growth.
The rapid expansion of supply chain operations to cater to numerous sectors, and the development of packaging solutions, are critical to the growth of the squeeze tube packaging market in this area.
Furthermore, the development of cold chain systems to cater to perishable items, and government rules on packaging waste disposal, regulate the need for squeeze tube packaging in this region. The major industries are projected to include automotive, pharmaceuticals, food and drinks, cosmetics and oral care, cleaning goods, and others.
Distributors are the primary means through which items reach end-users such as pharmaceutical and cosmetics manufacturers. However, many global end-users have established direct contact with squeeze tube manufacturers to decrease costs and secure continuous supply.
Furthermore, some tube packaging manufacturers have allowed users to buy directly from their websites, as these portals allow direct interaction between the supplier and client while also improving the profitability of both parties by cutting distributor expenses.
Report Attribute
Details
Squeeze Tube Market Value (2022)
US$ 32.41 Bn
Squeeze Tube Market Forecast Value (2032)
US$ 63.76 Bn
Squeeze Tube Market CAGR (2022-2032)
7%
Squeeze Tube Market Overview
Squeeze tube packaging is commonly made of plastic that is cylindrical in shape. Squeeze tube lets the usage of the product in required quantity without getting deformed. Squeeze tube has one end sealed, and the other end is enclosed with a cap which is open to dispense the required quantity of the product.
The squeeze tube is commonly used for packaging of viscous fluids. Squeeze tubes primarily cater to the personal care industry, household goods, pharmaceutical industry, food industry and lubricant industry that makes the squeeze tube market an attractive industry for packaging manufacturers.
Plastic is the majorly used material in the manufacturing of squeeze tubes. Different attributes of plastics are combined to achieve different properties of the end product such as barrier property, low cost, printing capability, etc. Squeeze tubes are efficient in the packaging of products in small quantity. Squeeze tubes have enabled manufacturers to supply products to the end users in various quantity.
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Squeeze Tube Market: Dynamics
Squeezable tube market is related to the flexible packaging market. The flexible packaging is estimated to be about US$ 250 billion which is expected to grow at a CAGR of 3% over the forecast period. Squeeze tube packaging market is driven by the convenience offered by the squeeze tubes for using the products in viscous liquid form.
Squeeze tube can frequently be reused without creating a mess and deforming the packaging of the product. The reusability of the squeeze tube is another factor contributing to the growth of the squeeze tube market, as squeeze tube is refilled once it has been emptied.
The squeeze tube enables the manufacturers to manufacture the products of different sizes hence motivating manufacturers to push the squeeze tube market. Squeeze tube not only increases the shelf life of the product but also reduces the packaging cost of the product as it does not require secondary packaging.
The raw material required for the manufacturing of squeeze tube is commonly plastic which is cheap and easily available. However, the presence of substitutes of squeeze tube such as stand up pouches can reduce the size of squeeze tube market. The inability of the squeeze tube packaging format to pack the product in larger quantity may limit its use.
The rising concern of the regulatory authorities all around the world on the extensive use of plastic may hamper the squeeze tube market. However, on the backdrop of the convenience squeeze tube packaging, the squeeze tube market is expected to grow vertically upwards. Squeeze tube being a sustainable form of packaging can provide many opportunities for the squeeze tube market over the forecast period.
Squeeze Tube Market: Regional Outlook
Squeeze tube market is significantly large in North America and Eastern and Western Europe due to the lifestyle of the consumers in the regions. North America is expected to lead the squeeze tube market over the forecast period.
Rapidly growing economies such as Brazil in Latin America, India, and China in APEJ region is estimated to account for the highest growth rate for the squeeze tube market over the forecast period owing to the high consumption rate and the presence of densely populated areas in the region.
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Squeeze Tube Market: Key Players
Some key players of squeeze tube market are Amcor Limited, Alpha Packaging, Maynard & Harris Plastics, Berry Plastics Corporation, MPack sp. z o.o, The Whole Package, LLC, CL Smith, Montebello Packaging, Yangzhou City Sharp International Trade Co. Ltd, Pack-Tubes, Vista Packaging, Auber Packaging Co., Ltd.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Squeeze Tube Market: Segmentation
Squeeze tube market is segmented by type of material used, by the end use industry and end-use product.
Based on the type of material used, squeeze tube market is segmented into:
LDPE
HDPE
MDPE
LLDPE
EVOH
Based on the end use industry, squeeze tube market is segmented into:
Personal care industry
Household goods
Pharmaceutical industry
Food industry
Lubricant industry
Others
Based on the end use product, squeeze tube market is segmented into:
Gels
Lotions
Sauce
Skin cream
Liquid soaps
Conditioners
Shampoos
Detergents
Medications
Others
Regionally global squeeze tube market is segmented into
North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan
Frequently Asked Questions
What is the Growth Outlook for Squeeze Tube Market?
The market is likely to register a CAGR of 7% through 2032.
What is the Current Valuation of the Squeeze Tube Market?
The market is currently valued at US$ 32.41 Bn in 2022.
How is the Future of the Squeeze Tube Market?
The market is likely to grow to a valuation of US$ 63.76 Bn by 2032.
Which is the Leading Region in the Market?
North America is likely to be a leading market during the forecast period.
