In-Depth Analysis of the COVID-19 Impact on Global Cosmetic Tubes Market

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 growth of the market, pushing sales at 4.6% CAGR through 2031.
Cosmetic Tubes Market
Shifting consumer preference for small and miniature-sized cosmetic tubes is anticipated to boost sales of 50-100ml cosmetic tubes over the assessment period. Consumers are getting inclined towards using small-size products for cost-effectiveness, easy accessibility, and portability. Cosmetic tubes are lightweight and easy to handle. This is expected to continue boosting demand for cosmetic tubes through 2031.
Besides this, rising concerns regarding sustainability and recyclability of consumer goods packaging are compelling 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 fostering growth of the cosmetic tubes market.
Increasing sales of cosmetic, personal care products, and skincare products are expected to have a direct effect on demand for cosmetic tubes. The rising popularity of social media and the introduction of new beauty and skincare trends are boosting sales of cosmetics and beauty products, which in turn is driving sales of cosmetic tubes.
“Growing adoption of decorative cosmetic tube printing for an aesthetic appeal is expected to foster growth of the market. In addition to this, increasing sales of cosmetics, skincare, and makeup products through online channels such as Sephora, Ulta Beauty, and others will continue bolstering sales of cosmetic tubes over the forecast period,” says an FMI analyst.
Key Takeaways:
• In terms of material type, demand for plastic cosmetic tubes is expected to continue gaining traction through 2031, due to advanced protection of cosmetics from external factors.
• Based on capacity, the 50-100ml segment is anticipated to expand at a steady pace, owing to cost-effectiveness and easy storage.
• Applications of cosmetic tubes in skincare products will remain high through 2031.
• The U.S. will continue exhibiting high demand for cosmetic tubes, with the North America cosmetic tubes market expected to grow at a 3.9% CAGR.
• Germany will emerge as an attractive cosmetic tube market due to the presence of popular beauty brands. The Europe cosmetic tubes market is projected to expand at a 3.4% CAGR.
• China is expected to lead the East Asia cosmetic tubes market, accounting for a dominant share in 2031.
• Japan and South Korea are projected to account for 15% and 8% of the East Asia cosmetic tubes market share respectively.
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.
Leading players operating in the cosmetic tubes market are investing in research and development to develop new formats of cosmetic tubes made from innovative materials. Apart from this, players are investing in mergers, acquisitions, and collaborations to expand strengthen their global presence in the market. For instance:
• In October 2020, Hoffman Neopac launched a new polyethylene (PE) based cosmetic tube with high-density polyethylene (HDPE) flip-top caps. These tubes are fully recyclable and feature body, shoulder, and caps that are made of a single material family.
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
For more information, please click here @ https://www.futuremarketinsights.com/reports/cosmetic-tubes-market

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