New Study: The Cosmetic Tubes Market Enhancement in Various Sector 2023 to 2030 Market Will Radically Change Globally in Next Eigth Years

Cosmetic tubes have been a big part of everything cosmetic companies offer all these years. Tubes are flexible not only in terms of length and size but also barriers that make them practical for many cosmetic products. Cosmetic product lines include airless packaging, cosmetic tubes, plastic bottle tubes, plastic dip tube tubes, cosmetic compact tubes, lip gloss tubes, mascara, and eyeliner tubes, among many more. However, cosmetic tubes are the most popular products used by cosmetic companies, especially for those who are looking for non-surgical procedures.

Cosmetic tubes are designed in such a way that they can fit almost anything so they can fit right into the packaging material used by cosmetic companies. This is done for easy application, reduced waste, reduced risk, and maximum profit. However, cosmetic product packaging is more than just aesthetics and aesthetic appeal. It's also about safety, convenience, and economy. Cosmetic companies need to make use of durable and strong packaging material for their cosmetic tubes.

Market Dynamics                                               

Some cosmetic tubes are already packaged with airless bottles that help speed up the cooling process. Plastic cosmetic tubes are packaged in airless bottles or can be combined with plastic packaging to achieve both of these effects. Another benefit is that airless bottles allow easier cooling which helps to maintain the freshness of the product and the product's quality. This, again, ensures a better product mix that will meet the expectations of customers.

The main factor driving the growth of the cosmetic tubes market is the rapid increase of worldwide sales of cosmetics. Moreover, the absence of other budget-friendly packaging technologies is expected to boost the market growth. For instance, a normal complete cosmetic tube can range between 60 cents to more than US$ 1. The price depends on the number of company orders and the treatment required. Cosmetic tubes can also be utilized for the promotion of products. Printing and labeling can be done on the outer covering of the cosmetic tube. These factors are estimated to propel the growth of the market.

However, the rising preference for sustainable packaging is the main restraining factor hindering the growth of the cosmetic tubes market, since these tubes are mainly made of plastics. For instance, in January 2018, Amcor announced that it is going to adapt packaging technologies that are reusable and recyclable by the end of 2025.

This market is distributed in five regions that include North America, Asia-Pacific, Europe, Middle East, and Africa, and Latin America. Among these, Asia-Pacific is estimated to hold a bigger share of the cosmetic tube market owing to the emergence of cosmetic bases such as Japan and China. The region also includes many plastic suppliers which are important in the cosmetic tube manufacturing process. The market in North America is estimated to witness significant growth owing to the rapid development of the beauty and care industry in the region. According to the U.S. Food and Drug Administration (FDA), in 2018, the region generated around US$ 89.5 million in revenue making the U.S. the biggest beauty and cosmetics market.

Competitive Analysis

Major players operating in the global cosmetic tubes market include CCL Industries Inc., IntraPac International Corporation, VisiPak Inc., Montebello Packaging, World Wide Packaging LLC, Sonoco Products Company, Essel Propack Ltd., Amcor Limited, and Albea S.A.

In October 2019, L’Oréal partnered with Albéa to develop a sustainable paper-based cosmetic tube. Likewise in May 2019, FKuR launched bio-based PE cosmetic tubes that have the same mechanical characteristics as the traditional PE. In February 2019, Design Quest and Cosmetic Design Group got acquired by World Wide Packaging LLC to enhance its portfolio.