Emerging economies expected to influence growth through 2027 – The Manomet Current

Global sales of squeezable plastic tubing in 2018 exceeded US $ 700 million and are expected to increase at a moderate pace during the forecast period, according to a recently published Fact.MR study. Europe will maintain its supremacy in the compressible plastic tube market, due to the widespread consumption in various end applications of compressible plastic tubes. Emerging markets like India, China, North Middle East and Africa, etc. offer enormous development potential in personal care and beauty products.

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After Asia-Pacific, MEA is expected to post the second fastest growth rate of consumption in the personal care market. Africa’s young and fashion-conscious “middle class” population is fueling demand for squeezable plastic tubing across the region. In addition, the significant growth of the end-use industry in the region has skyrocketed the demand for squeezable plastic tubing across the world.

Global Gains in Skin Care as Demand for Oral Care Slows

The study estimates that the global hair care and skin care industries are experiencing much higher growth. Anti aging creams, shampoos and hair conditioners are some of the products driving the squeeze plastic tube market. Sales of squeezable plastic tubes will also be driven by consumer demand for convenience of packaging and ease of application. In the case of toothpaste, Indian consumers are switching from traditional herbal products to toothpaste, which explains the increase in the volume of squeezable plastic tubes.

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The way for brand owners to differentiate their offerings is through packaging, especially in specialty skin care products such as anti-aging. The premium and mid premium brands offer more sophisticated lines to increase brand perception, as well as unit prices, such as Neutrogena with its Rapid Wrinkle Repair Serum or Diors BB Cream UV shield, both available in plastic tubes. compressible.

Global Compressible Plastic Tubing Market: In-Depth Assessment on Key Segments

The global compressible plastic tubing market is segmented on the basis of capacity, material, closure, end application, and region.

Capacity Equipment Closing End use applications Region
Less than 50 ml Polyethylene Standing cap Beauty and personal care packaging North America
50 to 100 ml Polypropylene Nozzle cap Food packaging Latin America
101 to 150 ml Other materials (EVOH, polyamide, etc.) Cap of Fez Home care packaging Europe
Above 150ml Hood with flap Pharmaceutical packaging East Asia
Other Other applications South Asia and Oceania
Middle East and Africa

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The Fact.MR report offers a forecast of the global compressible plastic tubing market for the period 2019-2027. Advances in end-use applications are prompting market players to invest heavily in R&D activities. Increasing modern retail network and changing hygiene habits are increasing market demand for squeezable plastic tubing

Read more trend reports and the like from Fact.MR – https://www.globenewswire.com/en/news-release/2019/09/13/1915395/0/en/Pet-Wearables-Sales-to-Pick-Pace-with-a-Wealth-of-Innovation- on-the-Horizon-Reports-Fact-MR.html

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