The global plastic tube market is poised for significant growth, with an estimated value of USD 1,064.3 million in 2024 and an anticipated valuation of USD 1,799.8 million by 2034. This represents a steady expansion at a compound annual growth rate (CAGR) of 5.4% over the next decade.
The market’s growth trajectory is driven by increasing consumer demand for flexible, portable, and user-friendly packaging solutions.
Core Concepts in the Plastic Tube Industry
- Current Worth: The global plastic tube industry was valued at USD 1,018.1 million in 2023.
- Future Worth: By the end of 2034, the industry is projected to reach USD 1,799.8 million, reflecting a robust growth trajectory.
- Growth Rate: The industry is expected to witness a compound annual growth rate (CAGR) of 5.4% from 2024 to 2034.
- Regional Growth: Asia Pacific excluding Japan is anticipated to display the highest CAGR of 6.7% during the forecast period.
- Key Manufacturers: Major players in the global plastic tube industry include Albea and Berry Global.
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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.
Key Market Highlights:
- Rising Demand for Portable and Lightweight Packaging:
- Plastic tubes are becoming the go-to choice for consumers seeking lightweight and portable packaging solutions. Their ease of use and convenience make them ideal for on-the-go applications, driving their popularity across various sectors.
- Shift Towards Flexible Packaging:
- The general industry trend towards flexible packaging is boosting the plastic tube market. Industries such as personal care and cosmetics are increasingly recognizing the advantages of flexible packaging, which offers superior functionality compared to traditional rigid options.
- Innovation with Stand-Up Caps:
- Stand-up caps are revolutionizing the plastic tube market by providing enhanced functionality and ease of use. This segment is expected to generate a substantial incremental opportunity of USD 392.5 million during the forecast period, addressing consumer demands for better stability and dispensing control.
- Polyethylene Dominates the Market:
- Polyethylene remains the leading material for plastic tubes due to its affordability and versatility. Projected to generate USD 572.6 million in revenue in 2024, polyethylene continues to be optimized for improved performance and recyclability.
- Growth in the Pharmaceutical Sector:
- The pharmaceutical industry’s expanding use of plastic tubes for packaging topical medications is a key growth driver. The market value for plastic tubes in pharmaceuticals is expected to grow 1.9-fold by 2034, fueled by rising healthcare expenditures and the demand for precise and convenient dosing options.
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Market Drivers and Trends:
- Increased Cosmetic Consumption:
- The booming global cosmetics and beauty industry is a major consumer of plastic tubes. With rising awareness of personal care and wellness, the demand for plastic tubes in cosmetic packaging is expected to surge. The appeal of plastic tubes for products like anti-aging creams and shampoos is a testament to their growing popularity.
- Pharmaceutical Sector Expansion:
- The plastic tube market is benefiting from the pharmaceutical sector’s growth, driven by increased healthcare spending and the development of healthcare infrastructure. As pharmaceutical companies ramp up production, especially for topical drugs, the demand for plastic tubes is set to rise.
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
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
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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