US Tube Packaging Market Size, Industry Trends, Share and Forecast 2021-2027
The US tube packaging market is estimated to grow at a considerable CAGR of around 7.2% during the forecast period (2021-2027). The significant demand for tube packaging in the food & beverage industry is one of the major factors that propel market growth in the country. Tube packaging has various applications in the food & beverage industry from food manufacturing machines to product packaging. In the present high paced lifestyle, consumers prefer “on the go” food and beverage packaging, with user-friendly functions such as re-sealable and portion packs options. The various food manufacturers are moving towards flexible tubes packaging from traditional food packaging owing to the significant demand by the end-users for this type of packaging.
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Additionally, the tube packaging
also used in food conveying to ensure high efficiency and smooth operations,
the rollers on belts that transfer food from one machine to the next must
exhibit good sliding and wear-resistance properties. The main characteristics
of tube materials include good wear plastics, low-friction, and suitable for
application as curve tracks, guide rails, wear strips, and chain guides.
Additionally, the plastics tube is widely used in tube packaging owing to
various benefits low-friction, good-wear plastic that further impact
resistance, abrasion resistance, and wear resistance. Along with that, the US
has strict regulations regarding the use of plastic owing to its
non-biodegradable nature that leads to damage to the environment. Therefore,
the rising focus on the development of recyclable tube packaging is another
major factor to drive market growth in the country.
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Key questions
addressed by the report
·
What is
the market growth rate during the forecast period?
·
Which
segment/region dominates the market in the base year?
·
Which
segment/region will project the fastest growth in the market during the
forecast period?
·
How
COVID-19 will impact the market growth in 2020 and the coming years?
Ø
Recovery
Timeline
Ø
Deviation
from the pre-COVID forecast
Ø
Most
affected region/segment
Ø
Recommendations
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
US Tube
Packaging Market – Segmentation
By Material
Type
·
Laminated
Tubes
·
Aluminium
Tubes
·
Plastic
Tubes
·
Others (Paper)
By
Vertical
·
Cosmetics
and Oral Care
·
Food
& Beverages
·
Pharmaceutical
·
Others
(Cleaning Products)
Company Profiles
·
Albéa
Services S.A.S.
·
Amcor
PLC
·
CCL
Industries Corp.
·
Essel
Propack Ltd.
·
Freelin-Wade
Co.
·
Hoffmann
Neopac AG
·
IntraPac
International LLC
·
Montebello
Packaging
·
Unette
Corp.
·
Unicep
Packaging, LLC
·
VisiPak
·
Viva
Group
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