According to Future Market Insights (FMI), the plastic tube market will gain traction by expanding the cosmetic and pharmaceutical industries. Plastic tube sales are projected to grow at a CAGR of 5.0% between 2021-2031 .
Plastic tubes are expected to record a surge in demand worldwide due to the rapid expansion of the cosmetic industry. Future Market Insights predicts that the global plastic tubing market will be driven by increased interest in improved product design and customization of packaging structures.
Plastic tubes are mainly used for packaging and storing viscous or pasty materials in the cosmetic, pharmaceutical and food industries. Plastic tubes have been very popular with end users for many years due to their excellent dispensing properties and convenient packaging structure.
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In addition, improved barrier properties have been incorporated into plastic tubing, greatly expanding the range of applications.
Plastic tubes provide precise packaging to end users and attract millennials with their aesthetic packaging and soft texture. By applying cutting-edge printing technologies such as flexo printing and offset printing to plastic tubes, we are enhancing brand value and increasing sales.
Printing on flexible plastic tubes is an effective technique that helps brand owners differentiate their products from competing products already on the market. Manufacturers large and small in the global plastic tubing market are using these printing technologies to make plastic tubing more attractive.
Therefore, growing preference for these attractive printed plastic tubes could boost plastic tube sales over the forecast period. According to the study, the global plastic tube market is expected to exceed $959 million by the end of 2031.
important point
- Depending on the material, the polyethylene (PE) sector is expected to register a CAGR of around 5% between 2021 and 2031 owing to its lower cost and additional protection for the inner material.
- In terms of capacity, the 101-150ml plastic tubing segment is expected to increase its current market share by 170bps over the next decade.
- Stand-up caps are the most preferred closure type in the plastic tube market, creating an incremental opportunity of $306 million during the forecast period.
- In terms of application, the cosmetic segment is expected to account for nearly 52.2% of the market share by 2021
- Geographically, Eastern and Western Europe combined are expected to contribute over 37.6% in 2021 .
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“ Although plastic tube sales are increasing with the introduction of innovative printing and the launch of improved product designs with the introduction of stand-up caps and nozzle caps, we do business in the global plastic tube market. Manufacturers currently face challenges related to plastic intolerance among end users and recycling of multilayer plastic tubes. This may limit sales to some extent, so major players are embracing sustainable options to increase revenues and mitigate environmental concerns associated with their use. “, said an FMI analyst .
Transparent packaging for plastic tubes increases sales with easy-to-use design
Plastic tubing offers flexibility, shelf life, softness, and a smoother appearance compared to aluminum-wrapped tubing.
Therefore, end users prefer plastic tubing over metal wrapped tubing. This is because if you squeeze it, you can push out its properties and return to its original shape. In addition, the demand for transparent packaging has increased significantly in the pharmaceutical and cosmetic industries.
As a result, plastic tube manufacturers offer both clear and opaque options with superior gloss and packaging finishes. Additionally, these clear plastic tubes are less expensive to print, label and decorate than aluminum tubes.
Therefore, the growing demand for these see-through packages worldwide is expected to drive the sales of plastic tubes in the near future.
plastic tube market landscape
Albea SA, Berry Global, Inc., CCL Industries Inc., Linhardt GmbH & Co KG, Hutamaki Oyj, EPL Limited, Hoffmann Neopac AG and CTL-TH Packaging SL are the major players in the global plastic tubing market. The Tier 1 players in the market account for 10-15% of the global plastic tube market.