Cosmetic Tubes Market to Register Growth at 4.6% amid Demand for Sustainable Beauty Packaging Solutions: FMI

Press Release from Future Market Insights

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.

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.

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“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.

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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.

Cosmetic Tubes Market by Category

By Capacity Type: