The global plastic tube market is projected to experience robust growth over the next decade, with revenue expected to rise from USD 1,018.1 million in 2023 to an estimated USD 1,064.3 million in 2024, reflecting a year-on-year growth of 4.3%. By 2034, the market is anticipated to reach USD 1,799.8 million, expanding at a compound annual growth rate (CAGR) of 5.4%.
Market Drivers and Key Trends
The increasing consumer preference for lightweight and portable packaging solutions is a significant driver of the plastic tube market. Plastic tubes are ideal for on-the-go applications and travel, meeting the demands of busy lifestyles. Additionally, the shift towards flexible packaging across various industries, including personal care and cosmetics, underscores the superior functionality and user-friendliness of plastic tubes compared to traditional rigid packaging.
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Innovation in Stand-Up Caps
Innovative plastic tubes with stand-up caps are gaining traction, offering enhanced functionality and ease of use. This segment is anticipated to create a substantial incremental opportunity of USD 392.5 million during the forecast period. Stand-up caps provide better stability and dispensing control, addressing key consumer pain points and driving market growth.
Material Insights
Polyethylene continues to dominate as the material of choice for plastic tubes, owing to its affordability and versatility. The projected revenue for polyethylene-based plastic tubes is expected to reach USD 572.6 million in 2024. Manufacturers are continually optimizing polyethylene for improved performance and recyclability, further solidifying its market position.
Growth in Pharmaceutical Applications
The pharmaceutical industry’s adoption of plastic tubes for packaging topical medications, such as creams, lotions, and ointments, is a notable growth area. The market value for plastic tubes in this sector is expected to see a significant 1.9-fold increase by 2034. Plastic tubes offer precise and user-friendly dispensing options, making them highly valuable for both patients and healthcare professionals.
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Cosmetics and Personal Care
The cosmetics and personal care industry is a major consumer of plastic tubes, driven by the rising focus on wellness and beauty. The industry’s consumption of plastic tubes for skin, hair, and body care products is a key factor propelling market sales. Millennials’ increasing awareness of health and beauty, coupled with the influence of social media, is expected to boost demand for cosmetic plastic tubes. These tubes are predominantly used to package anti-aging creams, shampoos, hair conditioners, and other beauty products.
Challenges and Opportunities
Despite the market’s positive outlook, the availability of alternative packaging formats such as pouches, airless pumps, and stick packs poses a challenge to the growth of plastic tubes. Additionally, the notable use of collapsible aluminum tubes in the cosmetics and pharmaceutical industries, due to their high barrier properties and chemical resistance, may restrict market expansion.
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
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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
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
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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