Press release
German Polyethylene Plastic Tube Market Size & Growth Analysis Report, 2019-2025
The German polyethylene plastic tube market was valued over $60 million in 2018 and is anticipated to grow at a CAGR of around 7.3% during the forecast period. The growth of the market 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 plastics due to its environmental effects and fluctuation in prices of raw materials can hinder the growth of the market.(Get 15% Discount on Buying this Report)
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Well-developed plastic industry scenario in the country is also estimated to fuel the country’s market growth. According to the Germany Trade and Invest (GTAI), in 2016, the country had the highest demand for plastic in Europe with 25% of 50 million tons. It is the most preferred FDI destination for plastic industries as out of 768 projects projected related to plastic in Europe during 2012-2017, 20% were of Germany. The country has a significant number of plastic machine manufacturers, plastics and rubber recycling players along with the application industries. Moreover, the aforementioned society also mentioned that there were more than 3,350 companies related to plastic out of which around 2,900 are related to plastic processing, 250 to plastic machinery and 200 to plastic production in 2016.
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Market Segmentation
German Polyethylene Plastic Tube Market by End-User
• Pharmaceutical
• Cosmetic
• Oral Care
• Others (Food & Beverages)
Company Profiles
• Albea Services S.A.S.
• Berry Global, Inc.
• CCL Industries Corp.
• Cope Plastics, Inc.
• CTL - TH Packaging
• Essel Propack, Ltd.
• Freelin-Wade Co.
• GSH Industries, Inc.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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