The North American Barrier tube packaging market is set to experience significant growth, with an estimated share of approximately 26% in 2022. This expansion is primarily driven by the continuous innovation and development of advanced organic formulations by prominent pharmaceutical and skincare companies in the region. These innovations are expanding the market for barrier tube packaging, offering improved product protection, accessibility, and aesthetic appeal.
One noteworthy example of this innovation is the Polyfoil MMB mono-material barrier tube by Hoffmann Neopac, which received approval from the United States-based Association of Plastic Recyclers in February 2022. This ground-breaking product not only provides protection but also demonstrates environmental responsibility by being recyclable.
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Furthermore, Huhtamaki, a leader in sustainable packaging solutions, collaborated with industry giants like LyondellBasell, Plastuni Lisses (Groupe Somater), and Groupe Rocher to create a next-generation sustainable tube laminate. This laminate, introduced in July 2021, contains more than 40% recycled content from renewable-based plastics, further driving the appeal of barrier tube packaging in North America.
As highlighted by Future Market Insights, these innovative developments and product launches are expected to boost sales of barrier tube packaging, underscoring the industry’s commitment to sustainability and innovation.
The demand for barrier tube packaging has grown remarkably in the last few years, and the net worth reached around US$ 11,103.6 million in 2022. According to FMI estimates, the net worth of all barrier tube packing equipment sold worldwide in 2023 could be about US$ 11,792 million.
Based on market trends analyzed by FMI, this booming industry is anticipated to record a promising growth rate of 6.2% between 2023 and 2033. The worldwide adoption of barrier tube packaging could reach an astounding worth of US$ 21,519.5 million by 2033.
The growing use of barrier tube packaging has been fueled by the expanding e-commerce sector and its increasing need for safe and secure packing solutions. These barrier tubes satisfy the demands of online retailers and customers by providing improved protection during long-distance delivery and storage. Moreover, such packaging solutions enable companies to enhance their brand identification and stand out by offering customizable and striking designs.
In recent years, recyclable material-based barrier tube packaging has become more popular as environmental consciousness and sustainability have become a key concern. Eco-aware customers and companies favoring packaging options with the least negative effects on the environment are shifting the overall orientation of the global market.
Key Takeaways:
- The global market for barrier tube packaging is poised to exhibit an absolute dollar growth of nearly US$ 10,000 million over the next ten years.
- The demand for barrier tube packaging in the United States was figured to be higher than in any other country in the year 2022. Developing novel materials used in barrier tube packaging to support environmentally friendly packaging methods is currently the prominent strategy of the United States market players.
- Environmental protection norms and sustainable development goals have completely altered the market orientation of almost all packaging industries in the region.
- Presently, market players in Asia Pacific countries are getting a lot of chances to acquire more market share with expanding industrialization around the region. For instance, China and India, with a huge retail market, are the two remarkably growing markets for the adoption of barrier tube packaging solutions.
Key Players:
Essel Propack, Ampac, Montebello, Viva, Uflex, Tubapack, IntraPac, Tekni-Plex, Skypack India, Guangzhou, Shenzhen, Yangzhou Zhongjidingsheng, Rego, and Nantong YouRong are some top market players. Leading market players fulfill consumer requirements capably, providing a range of barrier tube packaging alternatives to suit different industries and product categories. In addition, these leading players prioritize customer service, customizable possibilities, and material quality used for barrier tube packaging to remain competitive.
Adopting cutting-edge manufacturing technologies may boost barrier tube packaging production’s effectiveness and caliber, giving new market players a competitive edge. They have huge opportunities to break into new market sectors by increasing their production capacity and diversifying their distribution channels. However, barrier tube packaging firms entering the market competition must match customer expectations and industry norms by adhering to legislation and standards around packaging.
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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
Market Segmentation:
Based on the types of materials:
- Plastic
- LDPE
- HDPE
- PP
- PA
- EVOH
- Metal
- Aluminum
- Tin
Based on the end use:
- Pharmaceutical industry
- Consumer packaging
- Food packaging
- Personal care
- Construction
- Others (home care, stationery, etc.)
Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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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