Plastic Tube Market is Anticipated to Reach USD 1,799.8 Million by 2034, at 5.4% CAGR: Future Market Insights, Inc.

The global sales of plastic tubes market are projected to be valued at USD 1,064.3 million in 2024, with an expected increase to USD 1,799.8 million by 2034. Sales are predicted to rise at a CAGR of 5.4% between 2024 and 2034. The revenue from plastic tubes in 2023 reached USD 1,018.1 million.

The industry is expected to demonstrate a year-on-year growth of 4.3% in 2024. End-use customers prefer plastic tubes over metal packaging tubes owing to their ability to return to their original shape after squeezing and bounce-back properties.

Transparency of packaging is often perceived as an indication of product quality. Currently, there is a significant rise in demand for see-through packaging, especially in the pharmaceutical and cosmetics industries.

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Plastic tubes are available in both transparent and non-transparent options, offering superior gloss and packaging finishing. Additionally, transparent plastic tubes require lesser printing, labeling, and other decoration costs compared to aluminum tubes, as the majority of transparent surfaces provide visual appeal to the package.

Rising demand for such see-through packaging all across the globe is anticipated to boost the sales of plastic tubes during the foreseeable future. Laminated tubes are used widely across industries and are available in two types, including plastic barriers and aluminum barrier laminates.

Plastic laminated tubes are seamless, and they are used for high-end products such as cosmetics, food, and toiletries. The versatility of Plastic laminated tubes has contributed to their increasing popularity. Plastic laminated tubes are extensively used in toothpaste packaging, and demand for these tubes in oral care is continually growing.

Manufactured in compliance with specific guidelines and specifications. Plastic laminated tubes can be manufactured with different diameters depending upon the applications. The barrier layer in a plastic laminated tube keeps the content safe from outside contamination. The increased usage of plastic laminated tubes is contributing to the demand for laminated tubes.

The utilization of advanced printing technologies in the plastic tubes market to enhance brand appeal.

Plastic tubes provide precise packaging and attract customers due to their aesthetic appeal and smooth texture. Advanced printing technologies like flexographic and offset printing elevate the brand value of plastic tubes and differentiate products in the market.

For example, Essel Propack Polska, a Europe-based plastic tube manufacturer, utilizes dry offset printing to create plastic tubes with a combination of 8 colours and various finishes. This advanced printing enhances the product's appearance, provides essential product information, and captures customer attention.

Key players and small-scale manufacturers in the global plastic tube market are increasingly using advanced printing technologies to create more appealing plastic tubes. The growing preference for attractive printed plastic tubes, especially among the youth, is expected to drive the sales of plastic tubes in the forecast period.

Key Takeaways from the Global Plastic Tubes Market:

• The global plastic shrink tubes market is projected to reach a value of USD 1064.3 million by 2024.
• From 2024 to 2034, the polyethylene (PE) segment is projected to rise at a 54.4% CAGR in terms of material.
• India's plastic tube industry is likely to expand at a 7.1% CAGR during the forecast period.
• Canada is projected to experience a 6.0% CAGR over the forecast period.

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, the 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 the cosmetic industry is expected to burgeon over the coming years. Further, plastic tubes are predominantly used to pack anti-ageing creams, shampoos, hair conditioners, and other cosmetics products.

Fast moving consumer goods (FMCG) manufacturers of hair care and skincare segments adopt these plastic tubes due to their appealing look, softness, and ease of use. Hence, the demand for cosmetic plastic tubes is surging as leading global cosmetics and beauty companies are consistently introducing new skin and hair care treatment products.

Furthermore, these plastic tubes possess excellent bounce-back properties to reduce wrinkles and dents, which is widening their applicability in the packaging of cosmetic products. Hence, rising awareness of skin and hair care is expected to reshape the growth in the market in the coming years.

Key Players of Plastic Tube Manufacturers

• 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.
• Alltub SAS
• NEUUV Pack (M) Sdn Bhd
• Auber Packaging Co., Ltd
• Premier Plus Co., Ltd.
• ALPLA Group
• Andpak Inc.
• Ets Bugnon
• Apackaging Group LLC
• Plastube Inc

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Global Plastic Tubes Market Report:

Future Market Insights, in its new report, offers an unbiased analysis of the global market for plastic tubes, analyzing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals market growth projections based on the material (polyethylene, polypropylene, polyamide, ethyl vinyl alcohol polymer, polyester, and other materials), capacity (less than 50 ml, 50 to 100 ml, 100 to 150 ml, and above 150 ml), closure type (stand up cap, stand up cap, fez cap, flip top cap, and other caps), and application (dental, cosmetic, pharmaceutical, food, commercial and processing, and others.).

Key Segments of the Plastic Tube Market

By Material:

The industry is segregated into polyethylene, polypropylene, polyamide, ethyl vinyl alcohol polymer, polyester, and other materials.

By Capacity:

In terms of capacity, the industry is divided into less than 50 ml, 50 to 100 ml, 100 to 150 ml, and above 150 ml.

By Closure Type:

Plastic tubes with closures of stand-up caps, nozzle caps, fez caps, flip top caps, and other caps are described.

By Application:

Few of the important applications include dental, cosmetic, pharmaceutical, food, commercial and processing, and other applications.

By Region:

Key countries of North America, Latin America, Asia Pacific excluding Japan, Japan, Western Europe, Eastern Europe, and the Middle East and Africa, are covered.

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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 400 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.