| Label | USD Billion |
|---|---|
| 2018 | 536.4163143848824 USD Billion |
| 2019 | 575.5736861260921 USD Billion |
| 2020 | 612.0047063955406 USD Billion |
| 2021 | 650.2299811229442 USD Billion |
| 2022 | 716.1414216906561 USD Billion |
| 2023 | 766.94624690645 USD Billion |
| 2024 | 818.3886321867421 USD Billion |
| 2025 | 875.1971202462229 USD Billion |
| 2026 | 937.4234265635416 USD Billion |
| 2027 | 1002.4572853637084 USD Billion |
| 2028 | 1073.1609145956727 USD Billion |
| 2029 | 1144.1639251407264 USD Billion |
| 2030 | 1213.7826211494014 USD Billion |
| 2031 | 1284.8917395977242 USD Billion |
| 2032 | 1356.7797100040914 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
The South African market for squeeze tubes is expected to have a bright outlook over the next 14 years, driven by factors such as an increasing demand for convenience packaging, the development of more sophisticated technologies and the growth in the food and personal care industry.South African packaging manufacturers are looking for ways to meet consumer preferences while also reducing costs with innovative solutions. Squeeze tubes made out of plastic provide a lightweight and cost-effective alternative to traditional packaging methods like glass jars. The tubes, available in a variety of designs and shapes, are easy to use and provide an airtight seal for longer shelf life. In addition, the manufacturing process of squeeze tubes is faster and simpler compared to glass jars, which leads to lower labour costs.Companies in the South African market are increasingly focusing on the differentiation of their packaging with new technologies such as flexographic printing, which helps to create unique designs, attractive graphics and even QR codes.
In addition, polylaminate tubes, which are made up of laminates of multiple layers, provide enhanced barrier properties and tamper-evident features for higher levels of product protection.South African manufacturers are also looking into anti-counterfeit solutions as an added security measure to tackle the problem of fake products entering the market. Increasingly, companies are adopting high-security overt features like tamper evident necks and hidden holograms, as well as covert signatures that can only be verified through authentication techniques.In conclusion, the South African market for squeeze tubes is expected to remain vibrant over the next 14 years, with increased demand stemming from consumer preference, new technologies, and the growth of the food and personal care industry. As a consequence, manufacturers in the region will continue to focus on innovation and other strategies to gain a competitive advantage.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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