Summary
The global Plastic Tube Packaging Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Plastic tubes are used in the packaging of high-end, low-volume products in a range of businesses. They offer enhanced shelf life for the packaged goods and create a unique product identity. Plastic tubes are made of polyethylene terephthalate glycol, polypropylene, low-, medium-, or high-density polyethylene plastic. Plastic tubes are widely used in the various end-user industry such as cosmetic and personal care, food, and healthcare & pharmaceutical, among others.
Market Drivers:
Growth in flexible packaging and increasing demand for convenience packaging is expected to boost the growth of the global plastic tube packaging market during the forecast period. For instance, in November 2021, EPL Limited announced a major conversion of a leading brand partner Vicco Labs to 100% recyclable packaging. Vicco labs and EPL have jointly worked to convert Vicco's 'Turmeric' range of products to recyclable Platina tubes. This in turn expected to drive the growth of the global plastic tube packaging market.
Moreover, high demand for excellent barrier properties in packaging, well-established personal care and healthcare industries, and increasing consumer awareness regarding personal health and wellness are some major factors expected to propel the growth of the global plastic tube packaging market over the forecast period.
Market Restraints:
Strict government regulations, availability of substitutes, & recyclability of plastic are expected to hinder the growth of the global plastic tube packaging market over the forecast period.
Regional Insights:
Among regions, North America, Europe, and Asia Pacific are expected to witness substantial growth in the global plastic tube packaging market owing to the high demand for convenience packaging, growth in flexible packaging, well-established cosmetic & pharmaceutical industry, increasing awareness among people about health and hygiene, increasing consciousness about personal appearance, and introduction of novel products in these regions.
For instance, in February 2021, Hoffmann Neopac launched a lighter plastic tube solution with reduced wall thickness, as part of its sustainability efforts. Neopac stated that the lightweight tube will meet the requirements of the brand owners in the health & beauty and pharma sectors that are aiming to reduce or replace the use of virgin plastic packaging materials.
Competitive Section:
Major companies involved in the global plastic tube packaging market are Unette Corporation, Huhtamaki, Essel Propack, Sinclair & Rush, Sonoco Products, CCL Industries, Albea Group, Amcor Limited, Montebello Packaging, and World Wide Packaging, among others.
For instance, in November 2019, Essel Propack Ltd, an Indian multi-national company in the business of manufacturing laminated plastic tubes, announced a major breakthrough innovation in the form of recyclable HDPE barrier tubes.
The Plastic Tube Packaging Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Plastic Tube Packaging Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Amcor Limited
- Albea Group
- CCL Industries
- Sonoco Products
- Sinclair & Rush
- Essel Propack
- Huhtamaki
- Montebello Packaging
- World Wide Packaging
- Unette Corporation
By the Product Type, the market is primarily segmented into:
- Squeeze
- Twist
- Rigid Tubes
By Applications, the market is segmented into:
- Personal Care
- Pharmaceuticals
- Food
- Consumer Goods
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Plastic Tube Packaging Market Report:
- To assess the size of the market by value and volume
- Analyze the Plastic Tube Packaging Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Plastic Tube Packaging Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Plastic Tube Packaging Market
The Plastic Tube Packaging Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Plastic Tube Packaging Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 is considered the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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