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Plastic Tube Packaging Market Size Analysis and Forecast 2023–2030

Author : Ashwini Atole | Published On : 10 Jan 2024

Plastic tube packaging market is predicted to reach a value of US$ 8479.3 million by 2029. This represents a CAGR of 3.4% from 2023 to 2029. 

The market’s growth is primarily driven by the increasing demand for plastic tubes in various end-use industries, including:

  • · Cosmetics & Personal Care: This is the largest segment of the plastic tube packaging market, driven by the growing demand for convenient and portable packaging solutions for creams, lotions, toothpaste, and other personal care products.
  • · Pharmaceuticals: Plastic tubes are widely used for packaging pharmaceuticals due to their ability to protect sensitive medications from light, moisture, and contamination.
  • · Food: Plastic tubes are increasingly used for packaging food products, such as sauces, condiments, and toothpaste.

Other factors driving the growth of the plastic tube packaging market include:

  1. · Rising disposable income
  2. · Increasing urbanization
  3. · Growing demand for convenience and portability
  4. · Rising awareness of personal hygiene and health
  5. · Technological advancements in tube manufacturing

To Know more about this report (Description, TOC and List of Tables and Figures)?—?Plastic Tube Packaging Market

Key Players

The major players in the global plastic tube packaging market include:

  1. · Essel-Propack
  2. · Albea
  3. · SUNA
  4. · Rego
  5. · Berry
  6. · Kimpai
  7. · BeautyStar
  8. · Kyodo Printing
  9. · Abdos
  10. · Toppan
  11. · Noepac
  12. · DNP
  13. · Montebello
  14. · Bell Packaging Group
  15. · LeanGroup
  16. · IntraPac
  17. · Scandolara
  18. · SRMTL
  19. · Nampak
  20. · Zalesi
  21. · Laminate Tubes Industries Limited
  22. · Bowler Metcalf Limited
  23. · First Aluminium Nigeria

Drivers and Opportunities

The key drivers of the plastic tube packaging market include:

  • · Growing demand for convenience and portability
  • · Rising disposable income
  • · Increasing urbanization
  • · Growing demand for personal care and pharmaceutical products
  • · Technological advancements in tube manufacturing

Some of the key opportunities in the plastic tube packaging market include:

  1. · Increasing demand for sustainable and eco-friendly plastic tubes
  2. · Growing demand for customized and innovative tube designs
  3. · Expanding e-commerce market
  4. · Rising awareness of counterfeit products

Segmentation by Type

The global plastic tube packaging market is segmented by type into:

  • · Polyethylene (PE): This is the most commonly used material for plastic tubes due to its excellent barrier properties, flexibility, and cost-effectiveness.
  • · Polypropylene (PP): This material is increasingly being used for plastic tubes due to its superior chemical resistance and clarity.
  • · Polyvinyl Chloride (PVC): This material is being used less frequently due to environmental concerns surrounding its production and disposal.

Segmentation by Application

The global plastic tube packaging market is segmented by application into:

  • · Cosmetics & Personal Care: This is the largest segment of the market, accounting for approximately 40% of the total market share.
  • · Pharmaceuticals: This segment is expected to grow at a significant CAGR due to the increasing production of pharmaceutical products and the growing demand for high-quality packaging solutions.
  • · Food: This segment is expected to see steady growth due to the increasing demand for convenient and portable packaging solutions for food products.
  • · Others: This segment includes a wide range of other applications, such as industrial products, adhesives, and lubricants.

Segmentation by Region

The global plastic tube packaging market is segmented by region into:

  1. · North America
  2. · Asia Pacific
  3. · Europe
  4. · Middle East & Africa
  5. · Latin America

Asia Pacific is expected to be the fastest-growing regional market due to its large and growing population, rising disposable income, and increasing demand for personal care and pharmaceutical products.

The global plastic tube packaging market is poised for steady growth in the coming years. This is due to the increasing demand for convenience and portability, rising disposable income, and growing awareness of personal hygiene and health.

The market is also benefitting from technological advancements in tube manufacturing, which are leading to the development of more innovative and sustainable products.

However, the market faces some challenges, such as environmental concerns surrounding the production and disposal of plastic tubes, and the increasing competition from alternative packaging materials.

Overall, the future of the plastic tube packaging market looks bright, and the market is expected to continue to grow at a healthy rate in the coming years.