Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 33.52 Billion | USD 67.30 Billion | CAGR at 7.20% | 2023 |
The global squeeze tube market had a value of USD 33.52 billion in 2023, and Zion Market Research predicts that it will increase to USD 67.30 billion by the end of 2032. The market is expected to grow with a CAGR of 7.20% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Squeeze Tube Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Squeeze Tube Market.
The squeeze tube packaging is made from the raw material plastic, and it is cylindrical. A squeeze tube provides the facility of using the product in the required quantity and does not get deformed. In the squeeze tube, one end is sealed and the other one is closed with the help of the cap which can be opened to extract the product.
Coghlans, Inc. manufactures the reusable plastic squeeze tubes, which are packed in pairs with the header card complete with the end clips. The tubes are produced from food safe polyethylene and are free from BPA. The capacity of the squeeze tubes is 200 ml (6 ounces), dry or wet.
The global market for the squeeze tube is fragmented into its material used, end-user industry, and the end-use product.
On the basis of the type of materials that are used, the global market is segregated into HDPE, LLDPE, LDPE, MDPE, and EVOH.
On the basis of the end-user industry, the market is categorized into household goods, food industry, pharmaceutical industry, lubricant industry, personal care industry, and others.
On the basis of the end-use product, the market is divided into medications, shampoos, liquid soaps, sauces, gels, lotions, skin creams, conditioners, detergents, and others.
The squeezable tube market comes under the category of flexible packaging. The convenience that squeeze tubes provide for storing goods in the form of viscous liquid is the main factor driving the squeeze tube market. The squeeze tubes can be reused without transforming the packaging of the product and can also be refilled, which is another factor that is driving the growth of the market. The squeeze tubes have given the manufacturers the convenience to produce products of different sizes, thus increasing the demand for the squeeze tubes in the global market.
The cheap and easy availability of the raw material, which is mainly plastic, drives the growth of the market. The factors that will restrain the growth of the squeeze tube market are the availability of cheap substitutes in the market, the limitation on packing products in large quantities, and the strict regulatory norms that are implemented on the use of plastics.
Report Attributes | Report Details |
---|---|
Report Name | Squeeze Tube Market Research Report |
Market Size in 2023 | USD 33.52 Billion |
Market Forecast in 2032 | USD 67.30 Billion |
Growth Rate | CAGR of 7.20% |
Number of Pages | 201 |
Key Companies Covered | Alpha Packaging, Berry Plastics Corporation, The Whole Package, LLC, Montebello Packaging, Pack-Tubes, Auber Packaging Co., Ltd., Amcor Limited, Maynard & Harris Plastics, MPack, CL Smith, Yangzhou City Sharp International Trade Co. Ltd, and Vista Packaging. |
Segments Covered | By Material Type, By End-Use Product, End-User Industry, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
The tremendous change in the lifestyle of people in regions such as Eastern Europe, North America, and Western Europe has significantly contributed to the growth of the squeeze tube market. The leading regional market in the squeeze tube is North America and will continue to do so in the future years too. The swiftly growing economies of China and India in Asia Pacific region and Brazil in Latin America will account for a good growth rate for the squeeze tube market in the future years due to the increasing rate of population growth and the rise in consumption.
The key market players that are involved in the squeeze tube market include
By Materials Type
By End-User Industry
By End-Use Product
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