Plastic Tubes Market Poised for Robust Growth: Expected to Increase at 5.0% CAGR by 2031

Tier-1 players are projected to make a significant contribution of 10% to 15% to the overall market share, fueled by a surge in plastic tube production reaching unprecedented levels. The plastic tubes sector is forecasted to witness a 5.0% Compound Annual Growth Rate (CAGR) between 2021 and 2031, underpinning its robust trajectory. Additionally, the U.S. plastic tubes market is set to grow at a 3.8% CAGR, with North American sales reaching approximately US$ 213 million in 2021. According to studies, plastic tubes are anticipated to capture 30% of the packaging tubes market share, surpassing US$ 3.1 billion in 2021. Notably, the dental, cosmetic, and pharmaceutical segments are expected to collectively drive over 83.1% of the market demand in 2021.

India is anticipated to secure the second-highest market share in South Asia, accounting for over ~33.8% by the conclusion of 2021, propelled by the burgeoning personal care and cosmetic industry. The Indian cosmetics and personal care sectors are experiencing rapid expansion, facilitated by increasing penetration in the retail sector, presenting lucrative opportunities for foreign companies. According to FMI projections, India’s cosmetic and beauty market is poised to reach US$ 20 billion. Moreover, the per capita expenditure on beauty and personal care in India has shown consistent growth, fueled by rising disposable incomes in recent years. This trend is further bolstered by heightened spending on personal care and cosmetic products among millennials, driven by an increasing focus on wellness and beauty, consequently boosting the plastic tubes market.

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Market Drivers:

1. Growing Demand in Packaging Industry: Plastic tubes find extensive use in packaging applications due to their lightweight nature, durability, and flexibility. The increasing demand for convenient and sustainable packaging solutions across various industries such as cosmetics, personal care, pharmaceuticals, and food & beverages is driving the growth of the plastic tubes market.
2. Advancements in Manufacturing Technologies: Technological advancements in plastic extrusion and molding processes have enhanced the production efficiency and quality of plastic tubes. Innovations such as multi-layered tubes, barrier coatings, and sustainable materials are expanding the application scope of plastic tubes, thus driving market growth.
3. Rising Consumer Preferences for Convenient Packaging: Changing lifestyles and consumer preferences for on-the-go products have fueled the demand for convenient and portable packaging solutions. Plastic tubes offer ease of use, portability, and protection for a wide range of products, contributing to their increasing adoption in the market.
4. Expansion of End-Use Industries: Growth in end-use industries such as cosmetics, personal care, pharmaceuticals, and oral care, particularly in emerging economies, is driving the demand for plastic tubes. The expansion of these industries, coupled with increasing consumer spending on premium products, is expected to boost market growth.
5. Focus on Sustainability: With growing environmental concerns and regulatory pressures, there’s a shift towards sustainable packaging solutions. Plastic tube manufacturers are increasingly focusing on eco-friendly materials, recyclability, and reducing carbon footprint, which is driving the adoption of sustainable plastic tubes in the market.

Market Restraints:

1. Environmental Concerns and Plastic Bans: The plastic industry faces significant challenges due to increasing environmental awareness and regulations aimed at reducing plastic waste. Bans on single-use plastics and stringent regulations on plastic packaging materials in certain regions can hinder the growth of the plastic tubes market.
2. Volatility in Raw Material Prices: The plastic tubes market is susceptible to fluctuations in raw material prices, particularly petroleum-based resins like polyethylene and polypropylene. Volatile raw material prices can impact production costs and profit margins for plastic tube manufacturers, posing a challenge to market growth.
3. Competition from Alternative Packaging Solutions: Plastic tubes face competition from alternative packaging solutions such as glass, aluminum, and paper-based packaging. These alternatives are perceived as more sustainable and environmentally friendly by consumers, especially in certain market segments, which could restrain the growth of plastic tubes.
4. Concerns Over Recycling and Waste Management: Despite efforts to promote recycling, plastic tube recycling rates remain relatively low compared to other packaging materials. Challenges related to collection, sorting, and recycling of used plastic tubes, along with limited recycling infrastructure, pose challenges to market growth and sustainability efforts.
5. Health and Safety Concerns: There are growing concerns regarding the use of certain plastic materials, such as bisphenol A (BPA) and phthalates, in packaging applications due to potential health risks. Regulatory restrictions and consumer preferences for safer alternatives could impact the demand for plastic tubes, especially in sensitive product categories like food and pharmaceuticals.

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.

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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

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.

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