The plastic tube market is anticipated to generate $959 million. The market share of Tier 1 firms is anticipated to range between 10% and 15%, with plastic tube production hitting an all-time high. Between 2021 and 2031, plastic tube sales are projected to grow at a CAGR of 5.0 percent.
Plastic tubes are cylindrical containers made from plastic materials such as polyethylene, polypropylene, and polyvinyl chloride (PVC). These tubes offer excellent versatility, durability, and cost-effectiveness, making them suitable for a wide range of applications. The Plastic Tubes Market encompasses various sectors, including personal care, pharmaceuticals, food and beverages, and household products.
In the upcoming years, it is anticipated that the global market for plastic tubes would expand at a constant rate. The market is expanding as a result of elements such growing urbanisation, rising disposable income, and rising desire for creative packaging solutions. Plastic tubes are a popular option across industries due to their affordability and simplicity of customisation.
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Growth Drivers of the Plastic Tubes Market
Increasing Demand for Sustainable Packaging Solutions
The growing consumer awareness regarding environmental sustainability has led to a surge in demand for eco-friendly packaging options. Plastic tubes, with their lightweight and recyclable nature, are emerging as a preferred choice for many industries. Their ability to reduce material wastage and carbon footprint contributes to the overall sustainability goals of businesses.
Rising Demand from the Personal Care Industry
The personal care industry is one of the major contributors to the growth of the Plastic Tubes Market. Plastic tubes are widely used for packaging products such as creams, lotions, gels, and shampoos. The ease of use, convenience, and hygienic benefits offered by plastic tubes have fueled their adoption in the personal care sector.
Technological Advancements in Manufacturing Processes
Advancements in plastic tube manufacturing technologies have significantly improved the quality and efficiency of production. Injection molding, extrusion, and blow molding techniques have revolutionized the industry, enabling manufacturers to produce tubes with precise dimensions, enhanced aesthetics, and improved functionality. These advancements have further propelled the growth of the Plastic Tubes Market.
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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Market Trends and Opportunities
Customization and Branding
In an increasingly competitive market, customization and branding play a vital role in product differentiation. Plastic tube manufacturers are focusing on offering customizable options such as various shapes, sizes, colors, and finishes to meet the unique requirements of different industries. Additionally, the integration of advanced printing techniques allows companies to showcase their brand identity effectively.
Emphasis on Safety and Convenience
Consumers today demand packaging solutions that are safe, easy to use, and convenient to carry. Plastic tubes with features like tamper-evident seals, flip-top caps, and precise dispensing mechanisms address these requirements. Manufacturers are continually innovating to enhance the functionality and user experience of plastic tubes, catering to the evolving needs of consumers.
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
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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