The global pump tubes market is estimated to expand at a CAGR of 5% to 6% during the forecast period 2022-2032. Increasing application of pump tubes across the personal care industry and surging demand for technologically advanced packaging solutions across the cosmetic sector is expected to bolster the sales in the market.
| Attribute | Details |
|---|---|
| Pump Tubes Market Projected Growth Rate (2022 to 2032) | 5% to 6% CAGR |
Pump tubes are tubular packaging containers that have pump dispensers sealed on them. These tubes prevent the product placed inside the container from any contamination, owing to their advanced airless dispensing system that blocks ingestion of gases such as oxygen and maintains the effectiveness of the product.
These packaging solutions are gaining immense popularity across the cosmetics and personal care segment, owing to their favorable characteristics such as portability, flexibility, convenience, zero wastage, and ease of use as compared to other packagings. Also, they possess exceptional ability to store and dispense a variety of products, allowing precise dosage, and appropriate product evacuation with hygiene.
Attributed to this, pump tubes have emerged as a highly sought-after economical choice of packaging for products such as body lotion, shampoos, conditioners, body lotion, serums, foundation, and others. Thus, surging demand for aforementioned products due to increasing consumer spending on skincare, personal hygiene, and facial aesthetics is projected to spur the sales of pump tubes in the market.
In addition to this, cosmetic & personal care manufacturers are increasingly aiming at enhancing the user's experience of the products. Thus, leading players in the market are emphasizing on developing novel packaging solutions such as including a sponge head or brush, on a pump tube, or other innovative applicators. Such technological advancements are anticipated to accelerate the sales of pump tubes in the global market.
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Over the past decade, the burden of dermatological disorders such as acne, eczema, skin cancer, psoriasis, and others is rapidly surging across the globe, owing to increasing ultraviolet (UV) radiation and growing air pollution. For instance, according to the America Academy of Dermatology Association, nearly 9,500 people across the USA. are estimated to be diagnosed with skin cancer every day.
As tubular packaging solutions such as pump tubes are increasingly being used for packaging dermatological products such as ointments, creams, gels, and others, this rise in prevalence of skin diseases is projected to augment growth in the market.
In addition to this, pump tubes offer excellent barrier properties, minimize the transfer of oxygen, and provide protection against environmental factors and bacteria, thereby, improving the shelf-life of the products.
These packaging solutions are extensively being used across the personal care and cosmetics sector for packaging less viscosity liquids, high viscosity liquids, even solids as they provide a layer of protection, preventing the contents from breakage. Thus, increasing sales of personal care and cosmetics products are expected to propel the demand for pump tubes in the global market.
Increasing concerns regarding environmental sustainability and rising customer inclination towards adopting all-natural and eco-friendly personal care & cosmetic products have resulted in shifting preference towards biodegradable packing solutions.
Citing this trend, several industry players are increasingly launching novel organic products with paper-based packagings such as composite cardboard tubes, which is in turn, hindering the demand for pump tubes in the market.
Also, implementation of bans and other regulations concerning the use of plastic across the USA., India, the UK., China, and others is further restraining the growth in the market.
Future Market Insights reveals that Asia Pacific excluding Japan is estimated to register the fastest growth in the global pump tubes market from 2022 to 2032.
The outbreak of the COVID-19 pandemic has resulted in creating strong demand for personal care products such as sanitizers, disinfectants, body wash, shampoos, and others, owing to the increasing concerns regarding personal hygiene. Also, rising customer emphasis on enhancing facial aesthetics is augmenting the demand for beauty products such as foundation, serums, and others in the Asia Pacific.
Hence, leading industry players are increasingly launching their new brands in countries such as China, India, Australia, and South Korea among others to cater to the growing demand. This is expected to bolster the growth in the market.
As per FMI, North America is projected to exhibit growth at a rapid CAGR in the pump tubes market during the forecast period 2022-2032.
Rising emphasis on enhancing the usability of cosmetic and personal care products to offer a luxurious and sophisticated feel is fueling the demand for highly customizable and technology-oriented airless packaging solutions such as pump tubes across North America. Hence, leading players in the market are aiming on introducing novel products to capitalize on the existing opportunities.
For instance, in 2018, Silgan Dispensing Systems, a USA.-based manufacturer of dispensing closure solutions incorporation with a supplier of tube packaging, Neopac, announced launching a new airless pump tube, Amplify. A multiplicity of such product launches is anticipated to propel the demand for pump tubes in the North America market.
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Some of the leading players in the global pump tubes market are Silgan Holdings Inc., Essel Propack Limited, Yangzhou Guanyu Plastic Tube Co., Ltd, Matsa Group, Guangzhou Lisson Plastic Co., Ltd., Albéa S.A., Viva Healthcare Packaging Ltd., TA Plastics Tube Co., Hoffmann Neopac AG, Quadpack Industries, S.A., and Guangzhou Jiangcai Package Co., Ltd.
The market for pump tubes is highly competitive, due to large number of participants and increasing introduction of novel products by leading players
| Report Attribute | Details |
|---|---|
| Growth Rate in Automotive Sector | CAGR of 5% to 6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Diameter of a Cap, Tube Capacity, Material of Caps, Material of Tubes, End User Industry, Region |
| Countries Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Companies Profiled | Silgan Holdings Inc.; Essel Propack Limited; Yangzhou Guanyu Plastic Tube Co. Ltd; Matsa Group; Guangzhou Lisson Plastic Co., Ltd.; Albéa S.A.; Viva Healthcare Packaging Ltd.; TA Plastics Tube Co.; Hoffmann Neopac AG; Quadpack Industries; S.A.; Guangzhou Jiangcai Package Co., Ltd |
| Customization | Available Upon Request |
FMI projects the sales of pump tubes in the market is expected to rise at 5% to 6% value CAGR by 2032.
The global pump tubes market is anticipated to be dominated by Asia Pacific excluding Japan over the forecast period 2022 to 2032.
Silgan Holdings Inc., Essel Propack Limited, Yangzhou Guanyu Plastic Tube Co., Ltd, Matsa Group, Guangzhou Lisson Plastic Co., Ltd., Albéa S.A., Viva Healthcare Packaging Ltd., TA Plastics Tube Co., Hoffmann Neopac AG, Quadpack Industries, S.A., and Guangzhou Jiangcai Package Co., Ltd some of the leading players in the global pump tubes market.
| Estimated Size, 2021 | USD 4.4 billion |
|---|---|
| Projected Size, 2031 | USD 8.3 billion |
| Value-based CAGR (2021 to 2031) | 6.5% |
| Estimated Size, 2021 | USD 689.8 million |
|---|---|
| Projected Size, 2031 | USD 1,229.6 million |
| Value-based CAGR (2021 to 2031) | 6.0% |
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