“Newly released data by Future Market Insights (FMI) projects the global cosmetic tube market size to top US$ 2.4 Bn in 2021. Increasing demand for sustainable packaging solutions in the cosmetic industry is expected to augment growth of the market, pushing sales at 4.6% CAGR through 2031”
Shifting consumer preference for small and miniature-sized cosmetic tubes is anticipated to boost sales of 50-100ml cosmetic tubes over the assessment period. Consumers are getting inclined towards using small-size products for cost-effectiveness, easy accessibility, and portability. Cosmetic tubes are lightweight and easy to handle. This is expected to continue boosting demand for cosmetic tubes through 2031.
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Besides this, rising concerns regarding sustainability and recyclability of consumer goods packaging are compelling manufacturers to launch sustainable cosmetic tubes. Leading cosmetic tube players are investing in research and development to improve material usability to achieve sustainability goals, which in turn is fostering growth of the cosmetic tubes market.
Increasing sales of cosmetic, personal care products, and skincare products are expected to have a direct effect on demand for cosmetic tubes. The rising popularity of social media and the introduction of new beauty and skincare trends are boosting sales of cosmetics and beauty products, which in turn is driving sales of cosmetic tubes.
“Growing adoption of decorative cosmetic tube printing for an aesthetic appeal is expected to foster growth of the market. In addition to this, increasing sales of cosmetics, skincare, and makeup products through online channels such as Sephora, Ulta Beauty, and others will continue bolstering sales of cosmetic tubes over the forecast period,” says an FMI analyst.
Key Takeaways:
- In terms of material type, demand for plastic cosmetic tubes is expected to continue gaining traction through 2031, due to advanced protection of cosmetics from external factors.
- Based on capacity, the 50-100ml segment is anticipated to expand at a steady pace, owing to cost-effectiveness and easy storage.
- Applications of cosmetic tubes in skincare products will remain high through 2031.
- The U.S. will continue exhibiting high demand for cosmetic tubes, with the North America cosmetic tubes market expected to grow at a 3.9% CAGR.
- Germany will emerge as an attractive cosmetic tube market due to the presence of popular beauty brands. The Europe cosmetic tubes market is projected to expand at a 3.4% CAGR.
- China is expected to lead the East Asia cosmetic tubes market, accounting for a dominant share in 2031.
- Japan and South Korea are projected to account for 15% and 8% of the East Asia cosmetic tubes market share respectively.
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Competitive Landscape
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 are some leading players operating in the global cosmetic tubes market.
Top 5 players comprising Albéa Beauty Holdings S.A, Essel Propack Limited, CCL Industries Inc., Montebello Packaging, and Berry Global Group, Inc. are expected to account for 10-15% of the total cosmetic tubes market share in 2021.
Leading players operating in the cosmetic tubes market are investing in research and development to develop new formats of cosmetic tubes made from innovative materials. Apart from this, players are investing in mergers, acquisitions, and collaborations to expand strengthen their global presence in the market. For instance:
- In October 2020, Hoffman Neopac launched a new polyethylene (PE) based cosmetic tube with high-density polyethylene (HDPE) flip-top caps. These tubes are fully recyclable and feature body, shoulder, and caps that are made of a single material family.
More Insights into the Cosmetic Tubes Market Report
In its latest report, FMI offers an unbiased analysis of the global cosmetic tubes market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global cosmetic tubes market potential, its growth, and scope, the market is segmented on the basis of capacity type (below 50 ml, 50-100 ml, 100 ml- 150 ml, 150 ml- 200 ml, 200 ml), material type (plastic, aluminum and laminated) and application (skincare, haircare, makeup and others (nail care & hygiene products) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).
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About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help