According to Stratistics MRC, the Global Collapsible Tubes Packaging Market is accounted for $1.20 billion in 2024 and is expected to reach $2.04 billion by 2030 growing at a CAGR of 9.3% during the forecast period.
Collapsible tubes packaging is a sort of flexible, cylindrical container composed of materials like aluminum, plastic, or laminated tubes. Users may remove the product from these tubes with little waste because they are made to be readily squeezed or compressed. They are frequently used to package industrial goods, toothpaste, cosmetics, medications, and food items. The material acts as a barrier against light, moisture, and air, maintaining the integrity of the product while the collapsible design guarantees effective utilization of the contents. Collapsible tubes are affordable, take up little room, and provide great chances for branding with personalized labeling and printing.
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Asia Pacific is projected to witness the highest CAGR over the forecast period because of expanding demand from sectors including food, healthcare, and cosmetics as well as rising disposable incomes. The use of collapsible tubes is fueled by rising consumer awareness of portability, convenience, and hygiene. Market expansion is also accelerated by the region’s emphasis on economical production costs and environmentally friendly packaging options.
Some of the key players in Collapsible Tubes Packaging Market include CCL Industries, Montebello Packaging, Raepak, Schur Flexibles, Linhardt Group, AptarGroup, Amcor, Albea, Braun Melsungen, Huhtamaki, Essel Propack, Isonex Packaging, Gerresheimer, DKL Holdings and Tubex Packaging.
Key Developments:
In April 2024, Amcor has launched packaging for its Eco Protect diapers with 30% recycled materials in Peru. The bags contain post-consumer recycled content and provide a more sustainable packaging solution for the hypoallergenic diapers made with certified, plant-based fibers.
In February 2024, Amcor collaborated with Stonyfield Organicto to launch the first all-polyethylene (PE) spouted pouch. The collaboration pairs three leaders in sustainability to innovate a first-to-market solution that provides a more sustainable package without compromise on performance.
In January 2024, Amcor announced a significant expansion of its North American thermoforming capabilities for the healthcare market. The expansion will allow customers to source thermoforms and companion die-cut lids from a single location, helping streamline product manufacturing and distribution.
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