The plastic tube market is anticipated to generate US$ 959 Mn. As plastic tube production reached an all-time high, Tier 1 firms are anticipated to contribute between 10% and 15% to the market as a whole. Between 2021 and 2031, plastic tube sales are projected to grow at a CAGR of 5.0 percent.
As a result, the market for plastic tubes will grow by 1.6 times during the forecast period. Regionally, Germany is anticipated to be the most profitable pocket in Western Europe, registering a 4.9% CAGR during the forecast period.
As plastic tube production reached an all-time high, Tier 1 manufacturers are anticipated to contribute 10% to 15% of the market as a whole. Between 2021 and 2031, plastic tube sales are anticipated to grow at a 5.0% CAGR.
In addition, the North American plastic tube market is anticipated to reach US$ 213 Mn in sales in 2021, growing at a 3.8% CAGR. Furthermore, according to the study, plastic tubes will account for 30% of the packaging tubes market in 2021 and will be worth more than US$ 3.1 billion. In terms of applications, the dental, cosmetic, and pharmaceutical sectors will account for more than 83.1% of the market’s demand in 2021.
In addition, the U.S. plastic tube market is anticipated to grow at a 3.8 percent CAGR, with North American sales reaching over US$ 213 million in 2021. Furthermore, the report predicts that by 2021, plastic tubes would account for 30% of the market for packing tubes, with a value of over US$ 3.1 billion. In terms of applications, the dental, cosmetic, and pharmaceutical segments will account for more than 83.1% of the market’s demand in 2021.
Get Sample PDF Brochure (Including Graphs, Charts & Figures) https://www.futuremarketinsights.com/reports/brochure/rep-gb-4757
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, 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 cosmetic industry is expected to burgeon over the coming years. Further, plastic tubes are predominantly used to pack anti-aging creams, shampoos, hair conditioners, and other cosmetics products.
Competitive Environment
The main producers of plastic tubes are concentrating on employing environmentally friendly materials, hygienic solutions, and a superb visual aesthetic look.
The producers are gradually substituting eco-friendly materials for plastic in order to lessen the impact on the environment and enhance the footprint of packaging solutions.
Leading companies are increasing their sales by combining sustainable materials with eco-design principles that use recycled materials, renewable resources, and product safety. Furthermore, they are concentrating on providing cutting-edge plastic tubes while also striving for strategic alliances with other businesses for sustainable tube packaging.
Vicco Labs and EPL Limited teamed up in November 2021 to develop the company’s line of turmeric products and introduce Vicco Turmeric’s sustainable tube packaging.
Get In Touch With Our Team For a 20% Flat Discount
Key Companies Profiled
- 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
Plastic Tubes Market by Category
By Material :
- Polyethylene (PE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethyl Vinyl Alcohol Polymer (EVOH)
- Polyethylene Terephthalate (PET)
- Others Materials
By Capacity :
- Less than 50 ml
- 51 to 100 ml
- 101 to 150 ml
- Above 151 ml
By Closure :
- Stand Up Cap
- Nozzle Cap
- Fez Cap
- Flip Top Cap
- Other Caps
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-4757
By Application :
- Dental
- Cosmetic
- Pharmaceutical
- Food
- Commercial & Processing Applications
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
What to Expect in Our Report?
(1) A complete section of the Global Plastic Tubes market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global Plastic Tubes market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Plastic Tubes market.
(4) The report also discusses competitive situations and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global Plastic Tubes market. Moreover, it brings to light the market concentration rate and market shares of the top three and five players.
(5) Readers are provided with findings and conclusions of the research study provided in the Global Plastic Tubes Market report.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports