Plastic Tubes Market Trends 2021| Segmentation, Outlook, Industry Report to 2031

The plastic tubes 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.

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.

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.

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

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

Access Full Report: https://www.futuremarketinsights.com/reports/plastic-tubes-market