The Plastic Tube Market is undergoing a significant expansion, with leading manufacturers targeting a market share increase of 10% to 15%. Anticipating a sales growth at a projected 5.0% Compound Annual Growth Rate (CAGR) from 2021 to 2031, this shift in growth trajectory is primarily driven by a growing preference for lightweight materials and the widespread adoption of flexible packaging, surpassing traditional formats. The momentum in market expansion is propelled by an increasing inclination towards flexible and semi-flexible packaging options, particularly in industries such as personal care and cosmetics.
Anticipated growth in demand stems from the convenient usability and extended shelf life offered by these tubes, also recognized as extruded tubes. These semi-flexible packaging products are adept at dispensing paste and semi-liquid solutions, showcasing excellent dispensing properties.
In the U.K. and Germany, the plastic tubes market is thriving, with Germany expected to account for approximately 25% of the market share by the end of 2021. The cosmetics industry is the primary market for plastic tubes in Europe, with squeezable plastic tubes offering opportunities for branding, design, and decorative features. The growing demand for cosmetic packaging, including plastic tubes, is driven by increasing disposable income and significant expenditures on beauty and lifestyle products in the U.K. and Germany, with the cosmetic products market in these countries reaching substantial valuations in recent years. This trend is expected to continue driving the plastic tubes market in both nations.
Get Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4757
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
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.
Market Drivers:
- Growing Demand in Packaging Industry:
- Plastic tubes are widely used in the packaging industry for products such as cosmetics, pharmaceuticals, and food. The increasing demand for convenient and lightweight packaging solutions could drive the market.
- Advantages of Plastic Tubes:
- Plastic tubes offer various advantages, including lightweight nature, durability, and flexibility. These characteristics make them preferable for many applications, boosting their demand.
- Innovation and Technological Advancements:
- Continuous innovation and advancements in technology, such as improved materials and manufacturing processes, can enhance the quality and performance of plastic tubes, making them more attractive to consumers.
- Rising Demand in Healthcare and Pharmaceuticals:
- Plastic tubes are commonly used in the pharmaceutical and healthcare sectors for packaging medicines and other medical products. With the growing healthcare industry, the demand for plastic tubes in this segment may increase.
- Sustainability Initiatives:
- The development of eco-friendly and sustainable plastic materials could positively impact the plastic tubes market. Consumers and businesses are increasingly looking for environmentally friendly packaging options.
Market Restraints:
- Environmental Concerns:
- Plastic pollution and environmental concerns related to single-use plastics have led to increased scrutiny and regulations. This can negatively impact the demand for plastic tubes, especially if alternative, more sustainable materials gain popularity.
- Regulatory Restrictions:
- Stringent regulations regarding the use of certain types of plastics or specific chemicals in plastic manufacturing could pose challenges for the plastic tubes market.
- Growing Preference for Alternatives:
- As consumers and businesses become more environmentally conscious, there may be a shift towards alternative packaging materials, such as glass, paper, or biodegradable plastics, which could impact the demand for traditional plastic tubes.
- Fluctuations in Raw Material Prices:
- The prices of raw materials used in plastic tube manufacturing, such as polymers, can be subject to fluctuations. This can affect the overall production costs and, consequently, the market dynamics.
- Increasing Adoption of Flexible Packaging:
- The trend towards flexible packaging solutions might impact the demand for rigid plastic tubes, as flexible options can offer advantages like reduced material usage and improved shipping efficiency.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/4757
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
By Application :
- Dental
- Cosmetic
- Pharmaceutical
- Food
- Commercial & Processing Applications
- Others
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
