The market for plastic tubes is expected to bring in $959 million. Tier 1 companies are predicted to contribute between 10% and 15% to the market as a whole, with plastic tube output reaching an all-time high. Sales of plastic tubes are anticipated to increase at a CAGR of 5.0 percent between 2021 and 2031.
Plastic tubes, made from materials like polyethylene, polypropylene, and PVC, are widely used in industries such as cosmetics, pharmaceuticals, personal care, food and beverages, and more. These tubes provide a convenient and hygienic packaging solution, ensuring product safety, ease of use, and extended shelf life. With advancements in manufacturing processes and design capabilities, plastic tubes have become an integral part of modern packaging.
Additionally, it is predicted that the North American plastic tube market will generate US$ 213 Mn in sales in 2021, expanding at a 3.8% CAGR. Also, the report predicts that in 2021, plastic tubes would make up 30% of the market for packing tubes and be worth more than US$ 3.1 billion. In terms of applications, more than 83.1% of the market’s demand in 2021 will come from the dental, cosmetic, and pharmaceutical industries.
Moreover, a 3.8 percent CAGR is predicted for the U.S. plastic tube industry, with North American sales exceeding US$ 213 million in 2021. Also, according to the analysis, plastic tubes will make up 30% of the market for packing tubes by 2021, with a value of over US$ 3.1 billion. In terms of applications, more than 83.1% of the market’s demand in 2021 will come from the dentistry, cosmetic, and pharmaceutical segments.
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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
Key Factors Driving the Plastic Tubes Market Growth
1. Increasing Demand for Sustainable Packaging
Sustainable packaging has gained significant traction in recent years, driven by consumer awareness and environmental concerns. Plastic tubes offer several eco-friendly advantages, such as recyclability, reduced carbon footprint, and lightweight properties. As a result, many industries are adopting plastic tubes as a sustainable alternative to traditional packaging materials.
2. Technological Advancements in Manufacturing Processes
The Plastic Tubes Market has witnessed remarkable technological advancements, leading to enhanced production efficiency and product innovation. Advanced manufacturing techniques, such as extrusion blow molding and injection molding, enable the production of tubes with complex designs, customized shapes, and improved barrier properties. These technological advancements have expanded the possibilities for plastic tube applications across various industries.
3. Growing Demand from Cosmetics and Personal Care Industry
The cosmetics and personal care industry is a major consumer of plastic tubes. The rising demand for beauty and personal care products, coupled with the need for attractive and functional packaging, has propelled the growth of the Plastic Tubes Market. Plastic tubes offer benefits like ease of dispensing, precise dosage control, and protection against contamination, making them an ideal choice for cosmetic and personal care products.
4. Expanding Applications in the Pharmaceuticals Sector
In the pharmaceuticals sector, plastic tubes play a crucial role in packaging ointments, creams, gels, and other topical formulations. The demand for pharmaceutical products is steadily increasing, driven by factors such as population growth, advancements in healthcare infrastructure, and the rising prevalence of chronic diseases. Plastic tubes provide pharmaceutical companies with a reliable packaging solution that ensures product integrity, tamper resistance, and ease of use.
5. Increasing Disposable Income and Changing Lifestyles
Rapid urbanization, increasing disposable income, and changing consumer lifestyles have contributed to the growth of the Plastic Tubes Market. As consumers seek convenience, portability, and attractive packaging, plastic tubes fulfill their requirements with ease. Moreover, the affordability and durability of plastic tubes make them a preferred choice among consumers, further driving market growth.
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.
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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
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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 situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Plastic Tubes market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Global Plastic Tubes Market report.
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