As per the latest report published by Future Market Insights, the Biopolymer Tubes Market is expected to grow at a CAGR of 7.5%-8% annually over the upcoming decade between 2021 and 2031. Sales of Biopolymer Tubes are anticipated to reach Billions of units over the forecasted period.
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Biopolymer Tubes Market: Market Outlook
The innovation-driven packaging industry has come up with an environmentally friendly alternative for the oil and chemical-based polymers, such as biopolymers to produce the packaging solutions previously made using pollutant materials. Biopolymers used to manufacture tubes are gaining market popularity among the manufacturers as well as the end-users such as cosmetics, pharmaceutical, household and many other industries.
Materials like Bio-based PE (Polyethylene), Starch Blends and PLA (Polylactic Acid) are the most popularly used biopolymers to produce tubing solutions to pack creams, paste, gels, shampoo, lotions and much other skincare & oral care products. Though all these biopolymers are done with no bio-degrade, features like 100% recyclability make them fit as an environment-friendly packaging solution.
Moreover, the global biopolymer tubes market is predicted to grow at an exponential growth rate over the forecasted period.
Which Factors Are Driving Biopolymer Tubes Market Towards Growth?
The growing demand for bio-degradable packaging solutions among environment-friendly consumer bases drives the demand for biopolymer tubes in all parts of the world. Stringent laws and regulations prohibiting the usage of single-use and oil-based plastics to reduce the carbon footprints of these environmentally harmful materials.
The biopolymers offering similar properties as the oil-based polymers offer such as strength and durability along with their ability to reduce carbon footprints drives the sale of tubes made from naturally sourced polymers.
The increase in demand for personal care, skincare and oral care products most widely packaged in tubes, are also set to create a positive impact on the demand for biopolymer tubes in the global market. All the above-mentioned growth factors are anticipated to fuel the growth of the global biopolymer tubes market.
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What Factors Are Hampering Growth of Biopolymer Tubes Market?
Primarily the cost of biopolymers used to manufacture these tubes for packaging is expensive as compared to the other oil-based polymers, which results in reduced profitability for the producers of these tubes.
Most naturally sourced materials are also bio-degradable in an ordinary atmosphere after a specific period that makes biopolymer tubes non-suitable for usage in long storage periods.
Despite a few drawbacks, a sharp rise in demand for bio-degradable packaging solutions is anticipated to contribute to the growth of the biopolymer tubes market.
Which Future Growth Opportunities Are Offered By Biopolymer Tubes Market?
The technological advancements enabling manufacturers of biopolymer tubes to produce tubing solutions by reducing the carbon footprints up to 78% as it helps in reducing the usage of natural gas and oil.
The ecological features of these tubes provide an opportunity to manufacturers and marketers of these tubes to showcase their products as environmentally friendly and to differentiate from the competitors based on sustainable practices followed by them. The biopolymer tubes offer empty marketing space with printability to enhance the look and feel of the product.
Also, by the latest methods manufacturers are finding eco-friendly biopolymers which are cheaper and using advanced machinery solutions which produce high-quality biopolymer tubes, with zero wastage of raw materials. All these above-mentioned opportunities offer lucrative growth opportunities to the global biopolymer market players over the upcoming decade.
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What Makes Germany The Largest Market for Biopolymer Tubes?
The stringent rules regarding the usage of plastics and other pollutant materials to be used in producing the packaging solutions, by the government and various regulatory authorities. Along with consumer bases that are aware of the harmful effects plastic has on the ecosystem, makes these biopolymer tubes are a huge success in a developed country like Germany.
The presence of large scale manufacturers of biopolymer tubes in the region, and the high purchasing power of consumers in the country makes its largest market for biopolymer tubes.
How Will the U.S. Impact Biopolymer Tubes Market?
The U.S. having a sharp rise in demand for cosmetics and personal care products, along with that rising awareness regarding skin and oral diseases in the country, makes it the second-largest market for biopolymer tubes.
The presence of large pharmaceutical companies in the country and rising demand for healthcare and related products packaged in tubes indicates the expansion of the biopolymer tubes market in near future.
Why China and India Are Lucrative Markets For Biopolymer Tubes Market?
Currently, there are very few manufacturers of biopolymer tubes in India and China, but raising awareness about the environmental threats posed by plastics and their negative impacts are making people choose sustainable packaging over pollutant alternatives.
The entry of global cosmetics & personal care brands using these sustainable packaging solutions and manufacturers switching to naturally sourced biopolymers for making these tubes makes it a high growth offering market for the global biopolymers market.
How Covid-19 Impacted Biopolymer Tubes Market?
During the outbreak of the deadly Covid-19 pandemic, maximum countries of the world were forced to impose lockdown. Only essential services were allowed production and supply of their offerings, cosmetics, oral care, personal care and pharmaceutical products were in great demand as people were stocking up necessary things at their homes.
Due to e-commerce all the supplies were made available to the consumers at their doorstep, the demand for biopolymer tubes was largely unaffected as the sales of end-user industries were uninterrupted. Moreover, after the pandemic ends the global biopolymer tubes market is expected to register growth at a healthy rate.
