The Asia-Pacific polypropylene plastic tube market was around $200 million in 2018 and is anticipated to grow at a CAGR of 6.9% during the forecast period. The growth of the market 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, a ban on the use of plastic due to its environmental effects and fluctuation in prices of raw materials may hinder the growth of the market.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/asia-pacific-polypropylene-plastic-tube-market
Surging demand for flexible packaging in the region is expected to play a crucial role in the expansion of the Asia-Pacific polypropylene plastic tube market size. There is an increasing application of flexible plastic packaging in pharmaceutical, food & beverage, and personal care products across the countries, including China and India. For instance, as per the International Brand Equity Foundation (IBEF), flexible packaging is expected to grow at 25% per annum and rigid packaging to grow at 15% per annum. This represents that flexible packaging is one of the most dynamic and fastest-growing markets in India. An emerging shift from conventional rigid packaging to flexible packaging has been witnessed in the country owing to the several benefits offered by flexible packaging, including savings in transportation costs and convenience in handling and disposal.
The report analyzes the Asia-Pacific polypropylene plastic tube market on the basis of end-user into pharmaceutical, cosmetic, oral care, and others. Furthermore, the market consists of several players that are operating and providing plastic tubes across the globe. Some of the key market players include Essel Propack, Ltd., Prisha Tubes Pvt. Ltd., Shree Rama Multi-Tech, Ltd., Berry Global, 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.
Asia-Pacific Polypropylene Plastic Tube Market Segmentation
By End-User
- Pharmaceutical
- Cosmetic
- Oral Care
- Others (Food & Beverages)
A full report of Asia-Pacific Polypropylene Plastic Tube Market available @ https://www.omrglobal.com/industry-reports/asia-pacific-polypropylene-plastic-tube-market
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- 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.
- RPC M&H Plastics
- Saint-Gobain Performance Plastics, Inc.
- Scandolara S.p.A.
- Prisha Tubes Pvt. Ltd.
- Shree Rama Multi-Tech, Ltd.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research