North American Polyethylene Plastic Tube Market Size, Share, Analysis, Industry Report and Forecast to 2025
The North American polyethylene plastic tube market was $244 million in 2018 and is anticipated to grow at a substantial rate of 6.2% during the forecast period. Polyethylene is one of the most popular types of plastics mostly used in the packaging industry. Polyethylene is used for making plastics films, bags, containers, bottles, and other packaging products. Polyethylene plastics have the generally beneficial properties of toughness, high tensile strength, and good barrier properties to moisture. The plastic tube is highly suitable for the purpose of packaging of semi-liquid pharma products as they are isolated from the chemicals and do not react with the chemicals of the packaging. Therefore, the increased demand for gel and lotion packing is a major factor for increasing the use of plastic tubes in the pharmaceutical packaging market in North America. Moreover, in February 2019, the American Chemical Council’s Plastics Division and the European Union (EU) had announced the target of 100% use of recyclable, reusable and compostable plastics by 2025 and 2040 respectively in their regions. These regulations are expected to shape the plastic tube packaging industry of the region in the future.
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The North American plastic pipe market growth 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, in many countries, plastic is banned due to its environmental effects and fluctuation in prices of raw materials which is expected to hinder the growth of the market.
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The report analyzes the North American polyethylene plastic tube market on the basis of end-user into pharmaceutical, cosmetic, oral care, and others. The cosmetics industry is estimated to generate the maximum demand for polyethylene plastic tubes over the forecast period. Furthermore, the market consists of several players that are operating and providing plastic tubes across the globe. Some of the key market players include Berry Global, Inc., Freelin-Wade Co., Cope Plastics Inc., Hudson Extrusions, 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.
North American Plastic Tube Market Segmentation
- Oral Care
- Others (Food & Beverages)
- Albea Services S.A.S.
- Berry Global, Inc.
- CCL Industries Corp.
- Cope Plastics, Inc.
- CTL – TH Packaging
- Essel Propack, Ltd.
- GSH Industries, Inc.
- Hoffmann Neopac AG
- Huhtamäki Oyj
- Lakeland Plastics, Inc.
- NewAge Industries, Inc.
- RPC M&H Plastics
- Saint-Gobain Performance Plastics, Inc.
- Scandolara S.p.A.
- Prisha Tubes Pvt. Ltd.
- Shree Rama Multi-Tech, Ltd.
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