Press release
Plastic Tubes Market Innovation, Demand, Development Status, Competition Analysis, Type and Application 2031
In addition, the U.S. plastic tube market is anticipated to grow at a 3.8 percent CAGR, with North American sales reaching over US$ 213 million in 2021. Furthermore, the report predicts that by 2021, plastic tubes would account for 30% of the market for packing tubes, with a value of over US$ 3.1 billion. In terms of applications, the dental, cosmetic, and pharmaceutical segments will account for more than 83.1% of the market's demand in 2021.
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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.
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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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
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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Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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