There was a 4% yearly growth in the market for cosmetics tubes. The market for cosmetic tubes is anticipated to grow at a CAGR of 4.6 percent, according to Future Market Insights. As a result, it is anticipated that the market for cosmetic tubes would surpass US$ 2.4 Billion in 2021.
The personal care and fast-moving consumer goods (FMCG) industries are predicted to be the main drivers of demand for cosmetic packaging tubes. Sales of cosmetic tubes are anticipated to increase in the next years due to rising personal hygiene awareness, rising skincare product use, and the influence of social media. The report estimates that by 2020, sales of cosmetic tubes will account for 8% of the $30 billion global market for cosmetic packaging
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Important Takeaways:
- Plastic cosmetic tubes are predicted to gain traction in terms of material type through 2031, owing to improved protection of cosmetics from external elements.
- Because of its cost-effectiveness and ease of storage, the 50-100ml segment is expected to grow at a consistent rate in terms of capacity.
- Cosmetic tubes will continue to be widely used in skincare products until 2031.
- The demand for cosmetic tubes in the United States will continue to be strong, with the North American cosmetic tubes market predicted to rise at a 3.9 percent CAGR.
- Due to the presence of well-known beauty brands, Germany will develop as a desirable cosmetic tube market. The cosmetic tubes market in Europe is expected to grow at a rate of 3.4 percent per year.
- China is predicted to dominate the East Asian cosmetic tubes market in 2031, with a dominating share.
- Japan and South Korea are expected to contribute for 15% and 8% of the East Asian cosmetic tubes market, respectively.
How is Focus on Recyclability Affecting Cosmetic Tubes Sales?
Innovative packaging in the cosmetics industry has always been a key factor for marketing. Decorative cosmetic tube printing, colors, themes, and shapes largely influence customers’ purchasing decisions.
However, due to conscious efforts made by manufacturers and consumers to reduce plastic production and consumption, sustainability has become a crucial factor driving innovation in the cosmetic packaging sector.
As consumers are increasingly shifting towards lower and zero-waste lifestyle, questions surrounding the material used for cosmetic packaging are top-of-mind among manufacturers. Brands are realizing the significance of environmental health and are developing eco-friendly cosmetic packaging solutions including tubes. The move from plastic cosmetic tubes to more eco-friendly versions is happening sooner than expected.
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“The industry is predicted to develop due to the increasing popularity of decorative cosmetic tube printing for aesthetic appeal.” Additionally, increased sales of cosmetics, skincare, and makeup items through online channels such as Sephora, Ulta Beauty, and others will continue to boost cosmetic tube sales over the forecast period,” according to an FMI analyst.
Competition Landscape
Leading cosmetic tubes producers are expanding their product portfolio by investing in research and development to launch sustainable cosmetic tubes. In addition to this, players are investing in mergers, acquisitions, and collaborations to expand their production facilities, catering to a large consumer pool. For instance:
- In November 2021, LINDHART announced that it has acquired all three aluminnum tube production lines of Nussbaum Martizingen AG. With this acquisition, the company aims to strength its market position and improve sales of aluminum tubes for cosmetics and pharmaceutical applications.
- In February 2020, Cosmetic packaging company Albéa unveiled a new production facility in China to capitalize on growing ecommerce opportunities. The company aims to expand its product portfolio through this new facility for the manufacturing of metal parts of cosmetic packaging.
Key Companies Profiled
- 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
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Cosmetic Tubes Market by Category
By Capacity Type:
- Below 50 ml
- 50 ml – 100 ml
- 100 ml – 150 ml
- 150 ml – 200 ml
- Above 200 ml
By Material Type:
- Plastic
- Aluminum
- Laminated
By Application:
- Skin Care
- Hair Care
- Make Up
- Others (Nail Care & Hygiene Products)
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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