The market for plastic tubes is expected to bring in $959 million. Tier 1 companies are predicted to contribute between 10% and 15% to the market as a whole, with plastic tube output reaching an all-time high. Sales of plastic tubes are anticipated to increase at a CAGR of 5.0 percent between 2021 and 2031.
As a result, during the forecast period, the market for plastic tubes will increase by 1.6 times. With a 4.9% CAGR during the forecast period, Germany is anticipated to be the most profitable pocket regionally in Western Europe.
Since the production of plastic tubes hit a record high, Tier 1 producers are expected to account for 10% to 15% of the market as a whole. Sales of plastic tubes are expected to increase at a 5.0% CAGR between 2021 and 2031.
Additionally, it is predicted that the North American plastic tube market will generate US$ 213 Mn in sales in 2021, expanding at a 3.8% CAGR. Also, the report predicts that in 2021, plastic tubes would make up 30% of the market for packing tubes and be worth more than US$ 3.1 billion. In terms of applications, more than 83.1% of the market’s demand in 2021 will come from the dental, cosmetic, and pharmaceutical industries.
Moreover, a 3.8 percent CAGR is predicted for the U.S. plastic tube industry, with North American sales exceeding US$ 213 million in 2021. Also, according to the analysis, plastic tubes will make up 30% of the market for packing tubes by 2021, with a value of over US$ 3.1 billion. In terms of applications, more than 83.1% of the market’s demand in 2021 will come from the dentistry, cosmetic, and pharmaceutical segments.
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Key Companies Profiled
- EPL Limited
- Albea S.A.
- Berry Global Inc.
- CCL Industries Inc.
- LINHARDT GmbH & Co. KG
- Huhtamäki Oyj
- Hoffmann Neopac AG
- Pirlo Holding GmbH
- CTL-TH Packaging SL
- Tubapack A.S.
- Antilla Propack Inc
How will Increasing Consumption of Cosmetic Products Augment Plastic Tubes Sales?
The global cosmetics and beauty industry is one of the frequent end users of plastic tubes. Rising consciousness towards wellness and beauty is driving the cosmetics and personal care industry.
Hence, consumption of cosmetic plastic tubes in these industries for skin, hair, and body care treatments is one the major factor spurring the sales in the plastic tubes market.
Millennials have become more cautious and keen on maintaining their health. Additionally, increasing penetration of social media and the internet is promoting the importance of skincare and hair care routines.
On account of the aforementioned factors, consumption of plastic tubes in cosmetic industry is expected to burgeon over the coming years. Further, plastic tubes are predominantly used to pack anti-aging creams, shampoos, hair conditioners, and other cosmetics products.
Competitive Environment
The main producers of plastic tubes are concentrating on employing environmentally friendly materials, hygienic solutions, and a superb visual aesthetic look.
The producers are gradually substituting eco-friendly materials for plastic in order to lessen the impact on the environment and enhance the footprint of packaging solutions.
Leading companies are increasing their sales by combining sustainable materials with eco-design principles that use recycled materials, renewable resources, and product safety. Furthermore, they are concentrating on providing cutting-edge plastic tubes while also striving for strategic alliances with other businesses for sustainable tube packaging.
Vicco Labs and EPL Limited teamed up in November 2021 to develop the company’s line of turmeric products and introduce Vicco Turmeric’s sustainable tube packaging.
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Plastic Tubes Market by Category
By Material :
- Polyethylene (PE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethyl Vinyl Alcohol Polymer (EVOH)
- Polyethylene Terephthalate (PET)
- Others Materials
By Capacity :
- Less than 50 ml
- 51 to 100 ml
- 101 to 150 ml
- Above 151 ml
By Closure :
- Stand Up Cap
- Nozzle Cap
- Fez Cap
- Flip Top Cap
- Other Caps
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By Application :
- Dental
- Cosmetic
- Pharmaceutical
- Food
- Commercial & Processing Applications
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
What to Expect in Our Report?
(1) A complete section of the Global Plastic Tubes market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global Plastic Tubes market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Plastic Tubes market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Plastic Tubes market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Global Plastic Tubes Market report.
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