Cosmetics Tube Market Booms: Set to Surpass US$ 4,288.3 million by 2033 Driven by FMCG and Personal Care Industries

In 2023, the market for cosmetic tubes is anticipated to be worth $2,719.4 million USD. According to Future Market Insights, throughout the forecast period, the demand for cosmetic tubes is anticipated to grow at a CAGR of 4.7%. As a result, it is anticipated that the market for cosmetic tubes will surpass US$ 4,288.3 million by 2033.

The study estimates that in 2022, sales of cosmetic tubes will account for 8% of the $30 million global market for cosmetic packaging. Moreover, the need for recyclable and bio-based cosmetic tubes is anticipated to develop, supporting overall growth through 2033.

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Cosmetic tubes offer various advantages over conventional packaging solutions. They are versatile, easy to use, preserve moisture, and provide effective protection against contamination from various environmental factors.

Rising penetration of online shopping platforms will create attractive scope for sales of cosmetic tubes. As per FMI, plastic cosmetic tubes will continue to dominate the market because they are lightweight, offer improved flexibility, and are available at low cost. Plastic also is preferred by manufacturers because it does not interact with contents within the tube.

However, with the rising environmental concerns regarding the harmful impact of plastic, manufacturers are now focusing on developing cosmetic tubes from biodegradable materials.

The United States is anticipated to hold an 18.7% share of the North American cosmetic tubes market in 2022, according to FMI's estimate. Through 2033, the US cosmetic tube market is expected to be worth $481 million.

"Some of the leading cosmetic tubes manufacturers are moving away from plastic use to recycled materials. Besides this, they are collaborating with leading cosmetic brands to make deeper inroads in remunerative markets. This will accelerate the growth of cosmetic tubes market," says the FMI analyst.

Key Takeaways from Cosmetic Tubes Market Survey

The U.S. is projected to emerge as a highly lucrative market for cosmetic tubes due to increasing consumption of cosmetic products and strong presence of leading players.
Sales of cosmetic tubes in Germany are anticipated to increase by 3.4% CAGR on account of the rising demand for sustainable cosmetic tubes and presence of cosmetic giants such as Loreal and Gamble.
With increasing penetration of online shopping platform, rise in number of cosmetic brands and heavy export of cosmetic products, China is forecast to register strong growth during the forecast period.
Japan and South Korea are projected to account for 15% and 8% share of the East Asia cosmetic tubes market share respectively.
In terms of material type, plastic remains the most preferred type due to its various advantages.

Key Drivers

Rising demand for affordable and small sized packs for cosmetic products is positively impacting the market growth.
Development of ecofriendly and recyclable cosmetic tubes will continue to support the market growth.

Key Restraints

Availability of alternative packaging solutions is hampering the growth of the market to a large extent.
Rising environmental concerns and implementation of stringent regulation regarding the use of plastic, which is a primary material used in the manufacturing of cosmetic tubes, will hamper the growth.

Competitive Landscape

Leading companies operating in the cosmetic tubes market are focusing developing sustainable cosmetic tubes. They have adopted various organic and inorganic growth strategies such as mergers and acquisitions, new product launches, and collaborations to strengthen their global footprint.

In 2020 Loreal and Albea launched the first paper-based cosmetic tubes. The new cosmetic tubes integrated with certified paper-based material will replace Loreals plastic cosmetic tunes and will help the company to counter the rising environmental concerns.
In September 2021 EPL Limited (formerly known as Essel Propack Limited), the world's largest specialty packaging company, partnered with Colgate-Palmolive India, one of the largest oral care brands to produce Recyclable Platina Toothpaste Tubes in India.
Similarly in June 2021 EPL announced that the company has been selected as a partner by Unilever, in their journey towards achieving 100% sustainability in the oral care segment. Under the partnership, EPL will supply their APR approved, 100% recyclable and fully sustainable Platina Tubes, for the toothpaste category of Unilever.

Some of the prominent players operating in the cosmetic tubes market profiled by FMI are:

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
Intrapac International Corporation.
Others

More Insights on the Global Cosmetic Tubes Sales Outlook

FMI provides an unbiased analysis of cosmetic tubes market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for cosmetic tubes with a detailed segmentation on the basis of:

Capacity Type:

Below 50 ml
50 ml - 100 ml
100 ml - 150 ml
150 ml - 200 ml
Above 200 ml

Material Type:

Plastic
Aluminum
Laminated

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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Key Questions Covered in the Cosmetic Tubes Sales Outlook Report

The report offers insight into cosmetic tubes demand outlook for 2021-2031
The market study also highlights projected sales growth for cosmetic tubes market between 2021 and 2031
Cosmetic tubes market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Cosmetic tubes market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.