Cosmetic Tubes Market size is projected to top at 4.6% CAGR By 2031

global cosmetics tube market increased by 4% year over year. Cosmetic tubes are predicted to grow at a CAGR of 4.6 percent, according to Future Market Insights. As a result, the cosmetics tube market is expected to reach US$ 2.4 billion in 2021. Cosmetic Tubes Market By Material Type (Plastic, Aluminum, Laminated), By Application (Skin Care, Hair Care, Make Up, Nail Care & Hygiene Products) & Region - Forecast 2021 - 2031

The fast expansion of the FMCG and personal care industries is likely to fuel demand for cosmetic packaging tubes. Rising personal hygiene awareness, as well as increased use of skincare products fueled by social media impact, are projected to drive cosmetic tube sales in the future years.

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Cosmetic tubes accounted for 8% of the $30 billion worldwide cosmetic packaging market in 2020, according to the study. In addition, demand for bio-based cosmetic tubes and tubes produced from recyclable materials is predicted to increase until 2031, boosting total growth.

People's changing lifestyles, rising usages of tubes to retain packaging moisture and prevent any form of leakage, increasing development of lightweight and portable products, and rising preferences for quality-based materials for cosmetic packaging solutions are all expected to boost the growth of the cosmetic tubes market between 2022 and 2031. However, the prevalence of recyclable products and environmentally concerned consumers, as well as the transition from traditional to creative packaging, will provide further chances for the cosmetic tubes market to develop throughout the projected period.

Important Takeaways:

Plastic cosmetic tubes are predicted to gain traction in terms of material type through 2031, owing to improved protection of cosmetics from external elements.
Because of its cost-effectiveness and ease of storage, the 50-100ml segment is expected to grow at a consistent rate in terms of capacity.
Cosmetic tubes will continue to be widely used in skincare products until 2031.
The demand for cosmetic tubes in the United States will continue to be strong, with the North American cosmetic tubes market predicted to rise at a 3.9 percent CAGR.
Due to the presence of well-known beauty brands, Germany will develop as a desirable cosmetic tube market. The cosmetic tubes market in Europe is expected to grow at a rate of 3.4 percent per year.
China is predicted to dominate the East Asian cosmetic tubes market in 2031, with a dominating share.
Japan and South Korea are expected to contribute for 15% and 8% of the East Asian cosmetic tubes market, respectively.
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"The industry is predicted to develop due to the increasing popularity of decorative cosmetic tube printing for aesthetic appeal." Additionally, increased sales of cosmetics, skincare, and makeup items through online channels such as Sephora, Ulta Beauty, and others will continue to boost cosmetic tube sales over the forecast period," according to an FMI analyst.

Competitive Environment

Some of the leading players in the global cosmetic tubes market include Albéa Beauty Holdings S.A, Essel Propack Ltd, CCL Industries Inc., Montebello Packaging Inc., Linhardt GmbH & Co KG, Berry Global Group, Inc., Huhtamaki Oyj, Tubopress Italia Spa, Hoffmann Neopac Ag, and Intrapac International Corporation.

Albéa Beauty Holdings S.A, Essel Propack Limited, CCL Industries Inc., Montebello Packaging, and Berry Global Group, Inc. will account for 10-15% of the total cosmetic tubes market share in 2021.

Leading competitors in the cosmetic tubes market are spending in research and development to create new cosmetic tube formats composed of novel materials. Aside from that, firms are engaging in mergers, acquisitions, and collaborations to improve their global market position.

For example:

Hoffman Neopac introduced a new polyethylene (PE)-based cosmetic tube with high-density polyethylene (HDPE) flip-top caps in October 2020. These tubes are totally recyclable, with a single material family for the body, shoulder, and caps.

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Cosmetic Tubes Market by Category

By Capacity Type:

Below 50 ml
50 ml - 100 ml
100 ml - 150 ml
150 ml - 200 ml
Above 200 ml
By Material Type:

Plastic
Aluminum
Laminated
By Application:

Skin Care
Hair Care
Make Up
Others (Nail Care & Hygiene Products)

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
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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.

This release was published on openPR.