With an average projected Compound Annual Growth Rate (CAGR) of 7% during the forecast period, the squeeze tube market is expected to achieve a valuation of US$ 32.41 billion in 2022 and is set to exceed US$ 63.76 billion by 2032, showcasing a remarkable surge in demand for this versatile packaging solution.
The squeeze tube market boasts significant size and growth prospects, with North America and Eastern and Western Europe emerging as prominent players. This dominance can be attributed to the lifestyles of consumers in these regions, who value the convenience and practicality offered by squeeze tube packaging. Among these regions, North America is expected to take the lead in the squeeze tube market over the forecast period, driven by a strong consumer preference for this packaging format.
Meanwhile, rapidly growing economies in Latin America, such as Brazil, and in the Asia-Pacific Excluding Japan (APEJ) region, including India and China, are poised for remarkable growth in the squeeze tube market. These regions are characterized by high consumption rates, substantial population density, and a burgeoning middle-class segment. As disposable incomes rise and consumer choices evolve, the demand for products in convenient and easy-to-use squeeze tube packaging is projected to surge, making Latin America and APEJ key growth areas for the industry.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Squeeze Tube market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Squeeze Tube market. 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.
Key Squeeze Tube Market Takeaways and Projections
- The U.S. is expected to lead the North America Squeeze Tube market, projecting the fastest growth in the region between 2022-2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Squeeze Tube Historical Market Analysis: The detailed survey by FMI, examines key factors in the Squeeze Tube market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Squeeze Tube market for the forecast period 2022-2032.
- Squeeze Tube Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Squeeze Tube Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Squeeze Tube for the assessment period. As per the study, the demand for Squeeze Tube will grow at a robust CAGR between 2022-2032.
- Squeeze Tube Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Squeeze Tube market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Squeeze Tube Market Trend Analysis: The latest study by FMI on the Squeeze Tube market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Squeeze Tube Market: 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
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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