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The influence of many market factors and dynamics shapes the global plastic tube packaging market. One major driving force for this market is the increasing demand for convenient and portable packaging solutions in various industries. Besides, plastic tubes have become increasingly influential in relation to sustainability issues, and there is growing awareness about ecological concerns affecting them. From consumers' perspective, there has been a rising interest in environmentally friendly packaging, which has led to greater interest in sustainable materials and practices within this industry sector. In response, producers are making use of recycled inputs, lowering their carbon outputs, and developing biobased alternatives. Sustainability becomes a key endpoint that shapes both buyers' decision-making process and business strategies, ultimately changing the face of the entire market structure.
Furthermore, e-commerce growth is boosting plastic tube sales globally. The increase in online shopping requires efficient and safe means of delivering products through appropriate containers. Technological advancements, on the other hand, are helping shape the sector by introducing new features and enhancing the overall performance levels of these tubes made out of plastics. Incorporation of intelligence technologies such as QR codes or radio frequency identification tags (RFID) enhances traceability between manufacturers and consumers, improving both user experience and supply chain efficiency, hence product safety. The technology aspect incorporated into plastic tube sales is expected to impact the company's ability to maintain its competitiveness.
On the regulatory front, escalating attention to human health impacts by packaging materials should dictate policies influencing players' positions to play a role in shaping their presence in plastic tube packaging markets globally. Thus, manufacturers are compelled to invest heavily in R&D so that they can comply with strict regulations regarding particular types of materials, especially those meant for food production or pharmaceutical segments, among others. Additionally, macroeconomic factors such as economic growth, population demographics, and disposable income levels play a vital role in determining the demand for people's desire towards this type of package material. Emerging economies with an expanding middle class are experiencing increased demand for packaged items as their consumers spend more, necessitating the need for plastic tubes that are innovative and convenient.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 6.80% 2030 |
Plastic Tube Packaging Market Highlights:
Plastic Tube Packaging Market Overview
Plastic Tube Packaging Market Size was valued at USD 4.00 billion in 2023. The Plastic Tube Packaging industry is projected to grow from USD 4.13 Billion in 2024 to USD 5.60 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.9% during the forecast period (2024 - 2032). The tube packaging is used in varied end-user applications such as creams, ointments, and gels. The cheaper raw material and the lower costs of manufacturing and the improved life expectancy of the material used are some of the factors that are driving the plastic tube packaging industry. Plastic is considered the cheapest raw material in the plastic tube packaging industry. Moreover the utilization of plastic in the various end-user industry such as cosmetic, personal care, and significant other end users or due to the enhanced safety prolonged shelf life, and other significant benefits.
Moreover, the manufacturers are concentrating on producing sustainable packaging and plastic recycling procedures to develop eco-friendly plastic packaging solutions. Such initiatives from the manufacturers are propelling the overall growth of plastic to package in the industry in recent years. The efficient balance between economic and sustainability among the established market players or significantly shifting the overall growth of plastic to packaging in recent years. Moreover, the recycle label materials and compostable plastic materials in the industry or for the people in the plastic tube packaging market growth.
In September 2023, AMCR (NYSE: AMCR) (ASX: AMC), a global sustainable packaging company, will invest an additional $45 million in ePac Flexible Packaging, which is the world’s number one provider of high-end digitally printed flexible packaging in short runs by length. Consequently, Amcor’s shareholding in ePac Holdings LLC will surpass its current minority stake.
COVID 19 Analysis
The tube packaging industry was witnessing the highest growth rate even during the pandemic because of the intensive utilization in the Pharmaceutical industry. The demand for ointments and other medical products during the pandemic was pretty higher than usual. Such factors are considered as the primary growth stimulating factors of the plastic tube industry. Unlike other industrial production rates, the production rate of plastic packaging tubes has increased significantly during the pandemic.
Also, the demand for the food and beverage industry was increasing during the pandemic, the increasing e-commerce sector and other initiatives concerning the plastic tube packaging industry have stimulated the overall growth of the plastic tube packaging industry.
Plastic Tube Packaging Market Dynamics
Market drivers
The rapid growth in the oral care industry and the increasing demand for the oral care and the cosmetics industry are driving the overall growth of the plastic tube packaging industry. Some of the potential benefits such as easier to transport, lightweight, advanced dispensing technologies, effective protection, and so on are driving the overall growth of the plastic tube packaging industry.
The increasing demand of the varied end-user industries such as cosmetics, personal care, healthcare, food, and beverages are propelling the overall growth of the plastic tube for packaging industry. The changing preferences and the growing consciousness towards self-grooming and self-care activities are increasing the demand for personal care products. Moreover, the increasing disposable income across the developed countries is also propelling the plastic tube packaging market growth.
Market opportunities
The increasing demand for bioproducts and organic products in the cosmetic and personal care products with the higher value is gaining momentum in recent years and is presenting lucrative opportunities for the overall growth of the plastic tube packaging industry.
The increasing utilization of the bioplastics which are manufactured from biomass sources is intensively used in the packaging industry to increase the value of the product. These bioplastics are not harmful to the environment and are degrade easily when dumped into the environment, the usage of bioplastics also increases the value of the product themselves. Such factors are propelling the overall growth of the plastic tube packaging industry. The sugarcane-based bioplastics are intensively used in the packaging industry in the endeavor towards creating environmentally friendly packaging.
Market restraints
Stringent government regulations towards the usage of plastics in the packaging industry are expected to hinder the growth of the plastic tube packaging industry. But the usage of plastics was preferred as they are considered as the cheaper raw material options in the packaging industry. Moreover, the lack of recycling facilities in developed countries is restricting the usage of plastics in the plastic tube packaging industry.
Biodegradable plastics were used in the place of plastics; however, this has significantly increased the manufacturing costs of plastic tube packaging. It has become difficult to meet the profit margin.
Market challenges
Availability of efficient substitutes in the industry such as pouches and sachets which are more convenient while reducing the production costs significantly are considered as the major challenge for the plastic tube packaging market growth.
The advancements in the tube packaging in the dispensing methods and other factors are adding to the costs incurred for the manufacturing. Such factors are increasing the product value and are reducing sales across developing countries.
Cumulative growth analysis
The market value of the tube packaging industry was at USD 10.72 billion in the year 2020 and it is expected to surpass the market value of over USD 9,601.40 million by the year 2030 while registering a CAGR of over 6.80% during the forecast period. The primary growth stimulating factors include increasing demand for cosmetics, personal care products, and potential features such as convenience, portability, flexibility in dispensing the products. The increasing urbanization and millennial population are inclined towards convenient packaging and prefer plastic tube packaging in every segment.
The efficient dispensing property and the enhanced protection for the product are some of the key features of plastic tube packaging. The tube packaging efficiently eliminates the transfer of oxygen and protects against sunlight, due to which the demand for the tube packaging rapidly increases. The rapid growth of the pharmaceutical industry is also impacting the overall growth of the plastic tube packaging industry.
Value chain analysis
The demand for laminated tube packaging is rapidly increasing due to the convenient packaging yet efficiency in offering protection. The double later barrier structure enhances the protection against bacterial growth or penetration of sunlight or transfer of oxygen. Such potential features propel the manufacturers, pharmaceutical industry, food industry to utilize plastic tube packaging effectively. Also, the increasing momentum of the dermatology sector drove the overall growth of plastic tube packaging where the sales accounted for over a 110billion in the year 2018 and increases year over year.
Additionally, the technological advancements in the cosmetic industry and the increasing focus to enhance the end-consumer experience by including the brush sponge or pump for enhanced dispensing are some of the factors that are fuelling the overall growth of the plastic tube packaging industry. The increasing population and the increasing emergencies and the demand for medical products are stimulating the overall growth of the plastic tube packaging industry. Especially organic personal care products are trending in recent years with the changing preferences of the end-users. The limited production and the premium costs of these organic products further increase the value of these products. Such factors are considered as the growth-stimulating factors of the plastic tube packaging market growth.
Plastic Tube Packaging Market, By Segment
Segment overview
Based on Type of Package
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Squeeze
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Twist
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Stick
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Cartridges
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Others
Based on Material
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Plastic
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Paper
-
Aluminum
-
Others
Based on Application
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Cosmetics
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Toiletries
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Healthcare & Pharmaceutical
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Food
-
Homecare
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Others
Regional analysis
Asia Pacific region is expected to witness higher market value in the plastic tube packaging industry; this is due to the factors such as increasing demand for cosmetics, pharmaceutical products, awareness for health, and hygienic products. Moreover, the increasing number of manufacturing sectors across the Asia-pacific region provides the capacity to export to the US. The International Trade Administration has stated that over 20% of the imports to the US countries are from the Asia-pacific region. The production capacity of the Asia-pacific region in the manufacturing of cosmetics is stimulating the overall growth of the plastic tube packaging industry.
Similarly, the demand for healthcare products and self-care products are higher across the Asia-pacific region, oral hygiene is considered as the crucial factor in China which possesses over 1.37 billion population. The increasing number of oral treatments and oral diseases across the region propels the overall growth of the plastic tube packaging industry.
Besides the utilization of plastic tube packaging for toothpaste and hygiene products, China accounts for over 52% of importing scrap to provide the materials to the scrap recycling industries. Such factors emphasize plastic recycling and are expected to expand the overall growth of the plastic tube packaging industry.
List of the companies in the Plastic Tube Packaging Market are
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Amcor PLC
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Berry Global Inc.
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Essel Propack Ltd.
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Clariant International Ltd.
-
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CPP Global Holdings Ltd.
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Essel Propack Ltd.
-
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IntraPac International Corporation
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Albea S.A
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VisiPak Inc.
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HCT Packaging Inc.
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IntraPac International LLC
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Printpack Inc.
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Unicep Packaging, Inc.
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Silgan Holdings Inc.
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Fischbach KG.
Recent developments
In the year 2021, one of the leading market players, Hoffman Neopack AG has launched a lighter plastic tube packaging that utilizes only 30% of the virgin materials. This tube is considered as the novel invention in the environmentally friendly tubes that paves way for the tube packaging industry towards environmentally friendly procedures.
In the year 2018, one of the leading market players, Amcor and SIG packaging industries have partnered to upbuild the overall growth of the plastic tube packaging industry. The collaboration has increased the supply chain and other business processes related to aluminum foil and other raw materials required for the tube packaging industry.
In May 2023, Huhtamaki Oyj introduced “HuskyTube,” — a new renewable and recyclable tube packaging concept as part of their ongoing commitment towards sustainability.
Amcor plc acquired Nampak Flexibles —Africa’s leading manufacturer of flexible packaging— in March to boost tube offering capacity and extend reach across the continent.
Report Overview
This report has covered:
-
Market overview
-
COVID 19 Analysis
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Market dynamics
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Cumulative growth analysis
-
Value chain analysis
-
Segment overview
-
Regional analysis
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Competitive landscape
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Recent developments
Segmentation Table:
Based on Type of Package:
-
Squeeze
-
Twist
-
Stick
-
Cartridges
-
Others
Based on Material :
-
Plastic
-
Paper
-
Aluminum
-
Others
Based on Application:
-
Cosmetics
-
Toiletries
-
Healthcare & Pharmaceutical
-
Food
-
Homecare
-
Others
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