According to Future Market Insights (FMI), the plastic tube market will gain traction by expanding the cosmetics and pharmaceutical industries. Plastic tube sales are expected to grow at a CAGR of 5.0% between 2021 and 2031 .
Plastic tubes are expected to record a surge in demand due to the rapid expansion of the cosmetics industry around the world. Future Market Insights predicts that the global plastic tubing market will be driven by increased attention to enhanced product design and customization of packaging structures.
Plastic tubes are mainly used in the cosmetics, pharmaceutical and food industries to package and store viscous or pasty substances. Plastic tubes have been extremely popular with end users for many years due to their outstanding dispensing properties and convenient packaging structure.
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In addition, by incorporating improved barrier properties into plastic tubing, its range of application has been greatly expanded.
Plastic tubing provides end users with accurate packaging and attracts millennials for its aesthetic packaging and smooth texture. By incorporating advanced printing technologies such as flexographic printing and offset printing into plastic tubes, we are increasing brand value and increasing sales.
Printing on flexible plastic tubes is an effective technique to help brand owners differentiate their products from competing products already available on the market. Large and small manufacturers operating in the global plastic tube market are using these printing technologies to make more attractive plastic tubes.
Therefore, the growing preference for these attractive printed plastic tubes may drive the sale of plastic tubes during the forecast period. According to the survey, the global plastic tube market is expected to exceed US $ 959 million by the end of 2031 .
Important point
- Based on the material, the polyethylene (PE) segment is expected to record a CAGR of approximately 5% between 2021 and 2031 due to its low cost and additional protection for internal materials .
- In terms of capacity, the 101-150 ml plastic tubing segment is expected to increase its current market share by 170 bps over the next decade .
- Stand-up caps are the most preferred closure type in the plastic tubing market, creating an incremental opportunity of US $ 306 million during the forecast period .
- In terms of applications, the cosmetics segment is expected to hold nearly 52.2 % of the market share by 2021 .
- Regionally, Eastern and Western Europe combined are expected to contribute more than 37.6% in 2021 .
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“ With the introduction of innovative printing and the launch of enhanced product design with the availability of stand-up caps and nozzle caps, plastic tube sales are increasing, but we do business in the global plastic tube market. Manufacturers are currently facing challenges related to plastic intolerance between end users and recycling of multi-layer plastic tubing, which can limit sales to some extent, so major players are We are adopting sustainable options to increase revenue and mitigate the environmental problems associated with the use of plastics, “said FMI analysts.
Increase sales with an easy-to-use design with transparent packaging of plastic tubes
Plastic tubing provides flexibility, shelf life, softness and a smooth look compared to aluminum wrapping tubing.
Therefore, end users prefer plastic tubing to metal wrapping tubing. This is because it can be squeezed to repel its properties and then return to its original shape. In addition, the demand for see-through packaging has increased significantly in the pharmaceutical and cosmetics industries.
Therefore, plastic tube manufacturers offer both transparent and opaque options with excellent luster and packaging finish. Also, these clear plastic tubing costs less to print, label, and decorate than aluminum tubing.
Therefore, as the demand for such see-through packages increases around the world, sales of plastic tubes are expected to increase 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 major players in the global plastic tube market. Tier 1 players on the market account for 10-15% of the global plastic tube market.