The Asia-Pacific plastic tube market was $812 million in 2018 and is anticipated to grow at a CAGR of 6.8% during the forecast period.
The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects. Advanced packaging technology has allowed companies to introduce innovation in products rather than adhere to traditional packaging methods. Many companies, therefore, adopt sustainable and intelligent innovation in their product designs. The consumption of plastic tubes is increasing due to several benefits of plastic tubes such as ease of use, portability, and convenience. However, a ban on the use of plastic due to its environmental effects and fluctuation in prices of raw materials may hinder the growth of the market.
Surging demand for flexible packaging in the region is expected to play a crucial role in the expansion of the Asia-Pacific plastic tube market size. There is an increasing application of flexible plastic packaging in pharmaceutical, food & beverage, and personal care products across the countries, including China and India. For instance, as per the International Brand Equity Foundation (IBEF), flexible packaging is expected to grow at 25% per annum and rigid packaging to grow at 15% per annum. This represents that flexible packaging is one of the most dynamic and fastest-growing markets in India. An emerging shift from conventional rigid packaging to flexible packaging has been witnessed in the country owing to the several benefits offered by flexible packaging, including savings in transportation costs and convenience in handling and disposal.
The report analyzes the Asia-Pacific plastic tube market on the basis of type and end-user. Based on type, the market is classified into polyethylene, polypropylene, polyamides, and others. Polyethylene type of plastic pipe led the market in 2018 and is further estimated to follow the same trend over the forecast period. Based on end-user, the market is segmented into pharmaceutical, cosmetic, oral care, and others. Furthermore, the market consists of several players that are operating and providing plastic tubes across the globe.
Some of the key market players include Essel Propack, Ltd., Prisha Tubes Pvt. Ltd., Shree Rama Multi-Tech, Ltd., Berry Global, Inc., Saint-Gobain Performance Plastics, Inc., and Others. These players adopt various strategies to capitalize on market growth opportunities. Mergers and acquisitions, product launch, geographical expansion, partnerships, and collaborations are the majorly adopted strategies by the market players.
This report covers:
- Comprehensive research methodology of the Asia-Pacific plastic tube market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific plastic tube market.
- Insights about market determinants which are stimulating the Asia-Pacific plastic tube market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
5. Market Segmentation
5.1. Asia-Pacific Plastic Tube Market by Type
5.1.4. Others (Ethyl Vinyl Alcohol Polymer (EVOH))
5.2. Asia-Pacific Plastic Tube Market by End-user
5.2.3. Oral Care
5.2.4. Others (Food & Beverages)
6. Regional Analysis
6.4. Rest of Asia-Pacific
7. Company Profiles
7.1. Albea Services S.A.S.
7.2. Berry Global, Inc.
7.3. CCL Industries Corp.
7.4. Cope Plastics, Inc.
7.5. CTL - TH Packaging
7.6. Essel Propack, Ltd.
7.7. GSH Industries, Inc.
7.8. Hoffmann Neopac AG
7.9. Huhtamki Oyj
7.10. Lakeland Plastics, Inc.
7.11. NewAge Industries, Inc.
7.12. RPC M&H Plastics
7.13. Saint-Gobain Performance Plastics, Inc.
7.14. Scandolara S.p.A.
7.15. Prisha Tubes Pvt. Ltd.
7.16. Shree Rama Multi-Tech, Ltd.
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