Asia-Pacific Polyethylene Plastic Tube Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Asia-Pacific polyethylene plastic tube market was around $410 million in 2018 and is anticipated to grow at a CAGR of 7.1% 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, a 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.

Surging demand for flexible packaging in the region is expected to play a crucial role in the expansion of the Asia-Pacific polyethylene plastic tube market size. There is an increasing application of flexible plastic packaging in pharmaceutical, food & beverage, and personal care products across the countries, including China and India. For instance, as per the International Brand Equity Foundation (IBEF), flexible packaging is expected to grow at 25% per annum and rigid packaging to grow at 15% per annum. This represents that flexible packaging is one of the most dynamic and fastest-growing markets in India. An emerging shift from conventional rigid packaging to flexible packaging has been witnessed in the country owing to the several benefits offered by flexible packaging, including savings in transportation costs and convenience in handling and disposal.

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Asia-Pacific Polyethylene Plastic Tube Market Segmentation

By End-User

· Pharmaceutical

· Cosmetic

· Oral Care

· Others (Food & Beverages)

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Regional Analysis

· China

· Japan

· India

· Rest of Asia-Pacific

Company Profiles

· Albea Services S.A.S.

· Berry Global, Inc.

· CCL Industries Corp.

· Cope Plastics, Inc.

· CTL - TH Packaging

· Essel Propack, Ltd.

· GSH Industries, Inc.

· Hoffmann Neopac AG

· Huhtamäki Oyj

· Lakeland Plastics, Inc.

· NewAge Industries, Inc.

· RPC M&H Plastics

· Saint-Gobain Performance Plastics, Inc.

· Scandolara S.p.A.

· Prisha Tubes Pvt. Ltd.

· Shree Rama Multi-Tech, Ltd.

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