/PRNewswire/ The "Tube Packaging Market Report, by Product Type, by Material Type, by Application, and by Region - Size, Share, Outlook, and Opportunity.
/PRNewswire/ As per Zion Market Research study, The global Tube Packaging Market was worth around USD 9.46 billion in 2021 and is estimated to grow to about.
The growth is due to the growing demand from oral care and cosmetics application throughout the world. Furthermore, tubes are lightweight and can be easily transported as they occupy less space. They provide benefits such as protection, compactness, convenience, reliability, and cost-effectiveness. The growth of global flexible packaging industry is driving the tube packaging market.
Cosmetic is expected to be the fastest growing application in the Tube packaging market during the forecast period.
Cosmetics is the fastest-growing application segment in the Tube packaging market. Improved standards of living, coupled with the rising disposable income of the working middle-class population in emerging economies, is expected to propel the market in the cosmetics segment. It accounted for a share of about 20.3% of the Tube packaging market, in terms of value, in 2020.