The Cosmetic Tubes Market is primed for substantial growth, with an estimated value of $2,719.4 million in 2023 and a projected 4.7% compound annual growth rate (CAGR) during the forecast period. Future Market Insights predicts the market to expand to over $4,288.3 million by 2033.
Fueled by the FMCG and personal care industry’s rapid expansion, heightened personal hygiene awareness, and the influencer-driven adoption of skin care products, the demand for cosmetic packaging tubes is on the rise. Notably, cosmetic tubes represented 8% of the global cosmetic packaging market’s value in 2022, with the added impetus of a growing interest in bio-based and recyclable cosmetic tube materials.
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Cosmetic tubes offer various advantages over conventional packaging solutions. They are versatile, easy to use, preserve moisture, and provide effective protection against contamination from various environmental factors.
Rising penetration of online shopping platforms will create attractive scope for sales of cosmetic tubes. As per FMI, plastic cosmetic tubes will continue to dominate the market because they are lightweight, offer improved flexibility, and are available at low cost. Plastic also is preferred by manufacturers because it does not interact with contents within the tube.
However, with the rising environmental concerns regarding the harmful impact of plastic, manufacturers are now focusing on developing cosmetic tubes from biodegradable materials.
The United States is anticipated to hold an 18.7% share of the North American cosmetic tubes market in 2022, according to FMI’s estimate. Through 2033, the US cosmetic tube market is expected to be worth $481 million.
“Some of the leading cosmetic tubes manufacturers are moving away from plastic use to recycled materials. Besides this, they are collaborating with leading cosmetic brands to make deeper inroads in remunerative markets. This will accelerate the growth of cosmetic tubes market,” says the FMI analyst.
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Key Takeaways:
- The U.S. is projected to emerge as a highly lucrative market for cosmetic tubes due to increasing consumption of cosmetic products and strong presence of leading players.
- Sales of cosmetic tubes in Germany are anticipated to increase by 3.4% CAGR on account of the rising demand for sustainable cosmetic tubes and presence of cosmetic giants such as Loreal and Gamble.
- With increasing penetration of online shopping platform, rise in number of cosmetic brands and heavy export of cosmetic products, China is forecast to register strong growth during the forecast period.
- Japan and South Korea are projected to account for 15% and 8% share of the East Asia cosmetic tubes market share respectively.
- In terms of material type, plastic remains the most preferred type due to its various advantages.
Key Drivers
- Rising demand for affordable and small sized packs for cosmetic products is positively impacting the market growth.
- Development of ecofriendly and recyclable cosmetic tubes will continue to support the market growth.
Key Restraints
- Availability of alternative packaging solutions is hampering the growth of the market to a large extent.
- Rising environmental concerns and implementation of stringent regulation regarding the use of plastic, which is a primary material used in the manufacturing of cosmetic tubes, will hamper the growth.
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Some of the prominent players operating in the cosmetic tubes market profiled by FMI are:
- 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
- Intrapac International Corporation.
- Others
Capacity Type:
- Below 50 ml
- 50 ml – 100 ml
- 100 ml – 150 ml
- 150 ml – 200 ml
- Above 200 ml
Material Type:
- Plastic
- Aluminum
- Laminated
Application:
- Skin Care
- Hair Care
- Make Up
- Others (Nail Care & Hygiene Products)
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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