US Plastic Tube Market: Industry Trends, Size, Competitive Analysis and Forecast - 2019-2025

UK plastic tube market was $62 million in 2018 and is anticipated to grow at a CAGR of 6.5% during the forecast period. The market growth is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects. Advanced packaging technology has allowed companies to introduce innovation in products rather than adhere to traditional packaging methods. Many companies, therefore, adopt sustainable and intelligent innovation in their product designs. The consumption of plastic tubes is increasing due to several benefits of plastic tubes such as ease of use, portability, and convenience. However, ban on the use of plastic due to its environmental effects and fluctuation in prices of raw materials may hinder the growth of the market.

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The country is significantly working in the field of material and additive manufacturing, food and beverages, pharmaceutical, cosmetic and so on. Most of the market players acting in the country are small to medium-sized companies. A wide range of reprocessing technologies and equipment are being examined due to cohesive government regulations. As per the International Trade Association, around 7% of manufacturing activities in the country account for the plastic industry each year. More than 6,200 firms are engaged in the plastic field in the country. It includes producers of plastics raw materials, and additives, and end-user industry. One of the major restraints to the market is the exit of Britain from the European Union, which may result in unstable economic conditions in the country.

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UK Plastic Tube Market-Segmentation

By Type

o Polyethylene
o Polypropylene
o Polyamides
o Others (Ethyl Vinyl Alcohol Polymer (EVOH))

By End-User

o Pharmaceutical
o Cosmetic
o Oral Care
o Others (Food & Beverages

Company Profiles

o Albea Services S.A.S.
o Berry Global, Inc.
o CCL Industries Corp.
o Cope Plastics, Inc.
o CTL - TH Packaging
o EsselPropack, Ltd.
o GSH Industries, Inc.
o Hoffmann Neopac AG
o HuhtamkiOyj
o Lakeland Plastics, Inc.

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