Newly released data by Future Market Insights (FMI) projects the global cosmetic tube market size to top US$ 2.4 Bn in 2021. Increasing demand for sustainable packaging solutions in the cosmetic industry is expected to augment the growth of the market, pushing sales at 4.6% CAGR through 2031.
Growth in sales of cosmetics, personal care products, and skincare products is expected to have a direct impact on cosmetic tube demand. The rise in popularity of social media and the introduction of new beauty and skincare trends are driving up sales of cosmetics and beauty products, which in turn are driving sales of cosmetic tubes.
In addition to this, growing concerns about the sustainability and recyclability of packaging for consumer goods are forcing manufacturers to launch sustainable cosmetic tubes. Leading cosmetic tube players are investing in research and development to improve material usability to achieve sustainability goals, which in turn is fueling the growth of the cosmetic tube market.
Changes in consumer preference for small and small cosmetic tubes are expected to increase sales of 50-100ml cosmetic tubes during the evaluation period. Consumers prefer smaller products for cost-effectiveness, easy access, and portability. Cosmetic tubes are lightweight and easy to handle. This is expected to continue driving the demand for cosmetic tubes through 2031.
Competitive Landscape
Albéa Beauty Holdings S.A, Essel Propack Ltd, CCL Industries Inc., Montebello Packaging Inc., Linhardt GmbH & Co KG, Berry Global Group, Inc., Huhtamaki Oyj, Tubopress Italia Spa, Hoffmann Neopac Ag, and Intrapac International Corporation are some leading players operating in the global cosmetic tubes market.
Top 5 players comprising Albéa Beauty Holdings S.A, Essel Propack Limited, CCL Industries Inc., Montebello Packaging, and Berry Global Group, Inc. are expected to account for 10-15% of the total cosmetic tubes market share in 2021.
Cosmetic Tubes Market By Material Type (Plastic, Aluminum, Laminated), By Application (Skin Care, Hair Care, Makeup, Nail Care & Hygiene Products) & Region – Forecast 2021 – 2031
The Cosmetic Tubes Market report includes verified and re-verified market figures such as CAGR, ratio, revenue, price, production rate, volume, value, Cosmetic Tubes Market share, and annual growth. We have used the latest primary and secondary research techniques to provide a comprehensive report on the global Cosmetic Tubes Market. As part of the regional analysis, key markets were studied, including North America, Europe, India, China, Japan, and MEA. Key companies are profiled by supporting various factors including market served, production, sales, market share, recent developments, and ratios. There is a special area for market dynamics where drivers, limitations, opportunities, influencers, challenges, and trends are thoroughly analyzed.
