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The US$ 2.5 billion packaging tubes market is slated to exhibit promising performance over the next decade. As indicated by a recent outlook published by Future Market Insights, the global market for packaging tubes will possibly thrive at 5.4% over 2028-2028, attaining a value of around US$ 4.5 Bn by 2028 end. During the course of assessment period, packaging giants are expected to concentrate on improvisation of existing formats of packaging tubes, which have been limiting the use of packaging tubes to pharmaceuticals, oral care products, and cosmetics.

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Laminated Tubes Are Most Likely to Outperform Aluminum Tubes in Terms of Adoption & Growth Rate

Immense ease of use, convenience, and portability will collectively enable laminated tubes to witness healthy traction in near future. As consumers are moving away from rigid packaging formats such as plastic and aluminium-based packaging tubes, they are more inclined towards laminated tube packaging, which is expected to push the performance of laminated tubes in the packaging tubes market in next few years.

However, the substitutes such as stick packs, pouches, and sachets may limit this growth, with an advantage in terms of price and convenience. Aluminum tubes, though account for the maximum revenue share, are expected to witness a heavy decline in near future.

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‘Premium’ Personal & Beauty Care Products Come in Laminated Tubes

Laminated tubes, which were only considered for packaging of hand lotion, toothpaste, and a series of similar products till a decade ago, are increasingly being embraced by a number of beauty and personal care brands. To harness the most of structural, functional, and design flexibility of laminated packaging tubes, brands are using them for packaging almost every beauty and personal care product on retail shelves. ‘Premiumization’ has been a big trend in personal and beauty care industries, which manifests in a wide range of decorating possibilities and a number of material attributes such as texture.

Moreover, it also enables manufacturers to include metallics on tubes and closures, and create virtually seamless, 360 degree decorated packaging tubes.

Technological Intervention to Benefit Laminated Tube Sales

Recently, a beauty care brand introduced a range of products packaged in fully decorated plastic tubes, which are manufactured using the innovative digital print technology in mass scale. The tubes look vibrant and are include seamless structure, tactile embossing, photorealistic images, and cap-to-tube printing.  These packaging tubes are likely to attract an exceptionally large female consumer base in near future.

Brand owners are foreseen to innovate their existing product offerings with innovative digital print – direct-to-print technology. Also, growing adoption of flexographic printing technology by tube manufacturers is anticipated to contribute to the market growth through 2028.

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The shift of a growing number of pharmaceutical players to laminated tube packaging from plastic and Aluminum-based packaging, is conscious and marked, and has been attributed to several noteworthy anti-contamination properties possessed by this packaging tube type. The global market for packaging tubes is witnessing rapid uptake of laminated tubes in the pharmaceutical industry, especially for packaging of OTC products, which is expected to boost the market performance in near future.

Innovation Rides the Sustainable Future of Packaging Tubes

Nevertheless, the packaging industry has been striving to diminish its environmental footprint, by adopting bio-based plastics in manufacturing packaging materials. However, the availability of such sustainable materials is limited, which directly translates into the high price point. Manufacturers are thus investing more in research and development of cheaper sustainable materials for using in packaging tubes, which are also environment-friendly. One of the not-so-popular and accepted sustainable solutions, includes using PCR (post-consumer recycled) plastic materials.

This and more such innovations are likely to benefit the market for packaging tubes in the next few years.

Moreover, the market is also trending with tubes made up of plastic barrier laminates with EVOH and polyamide, which impart them the see-through functionality in multilayer structures. Industry experts reveal that the see though packaging solutions, including transparent plastic packaging tubes, tend to gather higher consumer value on retail shelves, helping marketers to stand apart from other traditional packaging counterparts.

Product visibility will continue to influence the buying decision of consumers, which is poised to continue fuelling market growth through the next decade. For more interesting insights on the global packaging tubes market, get in touch with the team of expert analysts at press@futuremarketinsights.com

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Future Market Insights (FMI) delivers key insights on the global medical pouch inspection systems market in its published report titled “Global Medical Pouch Inspection Systems Market Forecast, Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029.” In terms of revenue, the global medical pouch inspection systems market is estimated to expand at an approximate CAGR of 8% during the forecast period, owing to numerous factors, which FMI highlights in this research report.

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Incorporation of Medication Pouch Inspection Systems Reduces the Requirement of Workforce at a Pharmacy

Growth of the medical pouch inspection systems market is highly proportional to the growth of the pharmaceutical industry. As per FMI analysis, at a global level, the medical pouch inspection systems market is expected to remain at a strong position.

Medical pouch inspection systems inspect medicines packaged in the medication pouch, dispensed by medication dispensing machines. However, the high cost of medication pouch dispensing systems restrains the growth of the medical pouch inspection systems market.

Around 5% of the patients in the world need to get medical attention due to wrong intake of medication. This has increased the importance of pharmacy automation technologies such as medication dispensing systems and medication pouch inspection systems, to minimize the probability of error in medication received by the patient.

Most of the medical pouch inspection systems are capable of performing inspection with around 98% accuracy, which means that only around 2 out of 100 pouches need to be inspected by pharmacists. Therefore, medical pouch inspection systems not only reduce the probability of error in medication dispensing but also reduce the requirement of workforce by increasing the pace and productivity at a pharmacy.

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Increased Consumer Convenience, with Adherence to Flexible Packaging of Drugs, Makes Medical Pouch Inspection Systems a Compelling Option

Machines dispensing medication in pouches are highly preferred by consumers as medical pouches provide vital information about the drug such as prescription, expiry date of the medicine, name of the patient, time & date of intake of medicines, and some other details. As the pouch already contains all the information, the patient does not need to remember the medicine he/she has to take at a particular time. Therefore, the medical pouch inspection systems have enhanced consumer experience.

Medical Pouch Inspection Systems Manufacturers Prioritizing New Launches & Joint Ventures

Most of the medical pouch inspection systems detect tablets on four general parameters such as color, shape, size, and number of tablets. The global market leader, TCGRx, has developed medical pouch inspection systems that inspect tablets in medication pouches on 12 parameters, which include surface of the tablet, distance to center, length, width, contour, roundness, standard color deviation, sequence, and others.

The accuracy in the inspection of medication is thus highly increased with the increase in the number of parameters and probability of error in medication dispensing is greatly reduced. Medical pouch inspection systems provided by JVM Co., Ltd. are integrated with medication registering systems, which store the data about the medication pouches inspected by the machine.

Manufacturers in the medical pouch inspection systems market are adopting collaboration strategies to expand their global reach. Leading players are offering wide range of options for pharmaceutical end users such as medical pouch inspection systems with capacities including up to 50 ppm, 50-75 ppm, and above 75 ppm for enhanced efficiency.

Collaborations & Joint Ventures TCGRx announced the acquisition of ARxIUM’s Fastpak Exp and Fastpak 71, medical pouch inspection systems business to enhance the existing pharmacy technology product portfolio of the company. Parata Systems, Inc. has entered group purchasing agreement with American Associated Pharmacies consisting of more than 2,200 independent pharmacies. Product Launches Ziuz Holding B.V launched Ziuz Iris medical pouch inspection systems with low footprint and economic prices, targeting the requirement of small pharmacies.

JVM Co., Ltd., TCGRx, Arxium Inc., Ziuz Holding B.V., Parata Systems, Inc., and Global Electronics B.V. are some of the key companies actively operating in the global medication pouch inspection systems market landscape.

For additional insights on the other factors associated with medication pouch inspection systems market performance, write to press@futuremarketinsights.com

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Linerless labels are designed without a release liner, which reduces the amount of raw material required to manufacture labels, and makes these labels an eco-friendly alternative. Absence of a liner layer saves on extra labor, storage, and transportation costs for end users, and reduces industrial waste and carbon emission. These factors are expected to boost the demand for linerless labels substantially during the forecast period (2019-2029). Removable linerless labels are estimated to hold a leading position in the global linerless labels market, and generate an incremental opportunity of US$ 240 Mn from 2019-2024. Prominent packaging manufacturers are continuously striving to offer sustainable and environment-friendly packaging solutions to various end-use industries.

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Key Takeaways of Linerless Labels Market Study

• Consistent growth of the logistics sector across all geographies, coupled with high requirement of linerless labels for inventory management, asset tracking, and goods distribution, is steadily driving the linerless labels market.
• The retail industry is a prominent end user of linerless labels, owing to rising efforts across the world to reduce the incidence of counterfeiting.
• North America and APEJ are expected to account for a major portion of the linerless labels market share. Rapid expansion of pharmaceutical and food & beverage industries is boosting the growth of the linerless labels market in these regions.
• Digital printing and flexo printing are projected to dominate the global linerless labels market, and hold nearly half of the market share by the end of 2029.

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Manufacturers of linerless labels can gain substantial profits by focusing on the Asia Pacific excluding Japan region, attributable to rising demand for packaging solutions due to the rapidly growing food & beverage industry in this region.

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Increasing Production Capacity and Acquisitions to Remain Key Growth Strategies

Prominent packaging manufacturers across the world have already shifted their focus from conventional packaging solutions to environment-friendly packaging solutions. This shift is majorly driven by increasing focus towards reducing waste, and high consumer preference towards highly sustainable and eco-friendly packaging solutions. Leading manufacturers are striving to maximize their manufacturing capacities to meet the rising demand for eco-friendly packaging solutions. Additionally, leading linerless label manufacturers are expanding business boundaries to reinforce their market position.

• In June 2019, RR Donnelley & Sons Company, one of the leading manufacturers of linerless labels, expanded its liners less labels manufacturing platform by adding a new linerless press. This enabled the company to expand its linerless label production to provide innovative linerless labels and enhance operational effectiveness.
• In July 2019, Coveris completed its acquisition of Amberley Labels, a U.K.-based manufacturer of high quality self-adhesive labels.
• In February 2017, CCL industries completed the acquisition of Innovia Group, a prominent producer of linerless labels and packaging solutions, for around US$ 1.13 billion.