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The prospect of cosmetic tube industry

2020-03-20 16:53:15

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There is some research giving specific information about cosmetic tube industry to help manufacturers face challenges and seize chances. Some suggestions and strategies are also offered in the research. It is predicted that the cosmetic markets will increase rapidly from 2017 to 2022 according to the trend, development, innovation, economic factors, restraining factors and driving force. Until 2022, the market valuation may reach over 2.8 billion dollars.

On the basis of the research, cosmetic packaging, a kind of containers, is used to save and transport cosmetics. One of the main cosmetic packaging is cosmetic tubes that can preserve products and it is convenient to dispense.

With the trend of 50-100 ml capacity tubes, they are the most attractive and profitable. More and more customers are fond of these types of tubes as these tubes are affordable for most people. As a result, they may occupy the biggest part of market share and keep the leading role until 2022. Besides, the 100-150 ml segment by capacity type maintains increase and it is hoped that it can keep rising. It is expected that it can get a high BPS and 5.6% CAGR between 2017 and 2022. Conversely, the over 200 ml segment by capacity type will grow slowly and gain the lowest market share probably.

On the basis of statistics, most cosmetic tubes are made of plastic because there are plenty of advantages. The main reason is that cosmetic products do not react with plastic and plastic can also preserve products. Thus, plastic can be a leading part of market share and the compounded annual growth rate will be 5.6%. At the end of this period, it may gain the highest BPS while the aluminum and laminated materials will rise slowly.

That is the overview of prospect in terms of cosmetic tube industry.