The Extruded Tubes is forecast to smooth over the next few years. According to the WK-chem Research "Global Extruded Tubes Professional Survey Report 2022, Forecast to 2027", with the increasing demand of the Cosmetics and Pharmaceutical Fields,the Extruded Tubes industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 5.00%.
Analysts' Viewpoint
The low cost of extruded tubes has proven to be very beneficial to manufacturers in the fields of heating and cooling systems, drug delivery systems and engine manufacturing. Most importantly, due to its hollow nature, the use of extruded tubes reduces the use of raw materials in the manufacturing process. Restrictions by regulatory boards on the use of extruded tubes to avoid biocompatibility and technical issues have caused setbacks, especially in the medical field. Although this restriction has leaked manufacturers to produce eco-friendly and biodegradable products, this has increased sales of extruded tubes. All these factors will lead to a temporary rise in the demand for extruded tubes in the coming years
Market insight
The consumption of plastic tubes is driven by the growing preference for flexible and semi-flexible packaging solutions in end-use industries such as personal care and cosmetics. Demand is expected to increase due to the ease of use and extended shelf life of these tubes. These tubes are semi-flexible packaging products that produce pasty and semi-liquid solutions with excellent dispensing properties. Over the past few years, end users have been using bulky, rugged, and durable packaging formats that are bulky, take up more storage space, and are more challenging to use than flexible packaging. As a result, the industry is witnessing a shift from traditional packaging formats to flexible packaging such as plastic tubes. At the same time, the rapid growth of the healthcare sector in the BRICS countries can be seen as the government invests heavily in improving the quality of life. The use of extruded pipes in heating and cooling systems such as air conditioners, heaters, refrigerators, etc. indirectly affects the demand for extruded pipes. These factors will exponentially increase the sales of the extruded tube market over the forecast period.
Competition Landscape
: This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Extruded Tubes companys that include EPL Limited,Albea S.A.,Berry Global Inc.,CCL Industries Inc.,LINHARDT GmbH & Co. KG,Huhtam?ki Oyj,Hoffmann Neopac AG,Pirlo Holding GmbH,CTL-TH Packaging SL,Tubapack A.S. .etc.
Market Segmentation
: The extruded pipe market is segmented by material: polyethylene (PE), polypropylene (PP), polyamide (PA), ethyl vinyl alcohol polymer (EVOH), polyethylene terephthalate (PET), other materials. The polyethylene (PE) plastic pipe segment is expected to account for the largest market share. Due to its light weight, high flexibility and corrosion resistance, polyethylene (PE) material is ideal for manufacturers. Single-layer plastic pipes extruded from virgin polyethylene are compatible and provide attractive surfaces. Recyclable single-material PE pipes make a significant contribution to an efficient circular economy. In addition, the soft and smooth texture and attractive appearance of plastic pipes made of polyethylene (PE) are the major factors driving the growth of this segment. Classification by application can be divided into: dental, cosmetic, pharmaceutical, food, commercial and processing applications, others. Cosmetics are expected to dominate the plastic tube market, with sales in the cosmetic industry growing owing to rising consumption of hair, body, skin and personal care care and products. Emergence of e-commerce platforms, penetration of social media, introduction of customer-centric products, and changing consumer trends towards personal appearance are expected to increase the demand for plastic tubes in the cosmetic industry. Extruded Tubes
Regional Market Analysis
In terms of geography, the global Extruded Tubes market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific is expected to lead the global share and experience a surge in demand for extruded tubes owing to expanding and growing usage in the medical, automotive, construction, and construction industries, as well as increasing institutional demand. The increasing number of applications including residential, commercial, institutional and public sector will drive the demand for extruded pipes in Asia Pacific. Apart from this, the increasing application of extruded tubes in the electronics and electronics segment will also complement the market growth. China dominates the Asia-Pacific region, and rising disposable income and high spending on beauty and lifestyle products are driving huge demand for cosmetic packaging, including plastic tubes.
Cagr: 5.00%
Region with the largest share: Asia-Pacific
Largest country in largest share region: China
Product Type: Polyethylene (PE), Polypropylene (PP), Polyamide (PA), Ethyl Vinyl Alcohol Polymer (EVOH), Polyethylene Terephthalate (PET)
Application: Dental, Cosmetic, Pharmaceutical, Food, Commercial and Processing Applications
Leading Company: EPL Limited,Albea S.A.,Berry Global Inc.,CCL Industries Inc.,LINHARDT GmbH & Co. KG
