Global Plastic Tubes Market to reach USD XX billion by 2027.Global Plastic Tubes Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Plastic tubes have gained much popularity due to growing usage in end-use industries including dental, cosmetics, pharmaceuticals and many more. It comes in varied capacities and materials suiting the needs and requirements of its end users. Strategies advancements by market players such as joint ventures, collaborations, partnerships and many more and increase in demand from end-user industries such as medical, healthcare and personal care are factors contributing to the market growth. For instance: according to Statista, the number of users in the personal care segment, worldwide, is expected to grow to 2154.9 million, by the year 2025 from 1497.8 million in the year 2021. Thus, an increase in the demand from the personal care sector will propel the market forward in the long run. However, decrease in sales of plastic tubes due to COVID-19 and closure of existing manufacturing companies due to COVID-19 impedes the growth of the market over the forecast period of 2021-2027. Also, increasing growth prospects for the developing economies of the world and increasing innovations in the plastic tubes market is likely to increase the growth of the market in the forecasting period.
The regional analysis of global Plastic Tubes market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. North America is a significant region in terms of market share, across the world owing to the presence of established key players of the market. Whereas, Europe is anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as increased investments in the personal and healthcare sector would create lucrative growth prospects for the Plastic Tubes market across European region.
Major market player included in this report are:
Essel Propack Ltd
3P Gulf Group
Astrapak Ltd
Al Obeikan Investment Group
Bowler Plastics (Pty) ltd
Huhtamaki Oyi
Linhardt GmbH & Co KG
CCL Industries Inc
Berry Global Inc
Albea S.A
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material type:
Polyethylene (PE)
Polypropylene (PP)
Polyamide (PA)
Ethyl Vinyl Alcohol Polymer (EVOH)
Polyester (PET)
Other Materials
By Capacity:
Less than 50 ml
50-100 ml
100-150 ml
Above 150 ml
By Closure:
Stand Up Cap
Nozzle Cap
Fez Cap
Flip Top Cap
Other Caps
By Application:
Dental Market
Cosmetics Market
Pharmaceutical Market
Food Market
Commercial and Processing Applications
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Plastic Tubes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors