An Incisive, In-depth Analysis on the Plastic Tubes Market
This study offers a comprehensive, 360 degree analysis on the Plastic Tubes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Plastic Tubes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Manufacturers eyeing emerging economies to attain high growth
According to Future Market Insights, the global market for plastic tubes is expected to display robust growth during the period of forecast. The global plastic tubes market has been witnessing stable growth since 2012. According to this research, the global market for plastic tubes is expected to grow at a high CAGR of 5.6% throughout the 2017-2027 timeline. The global market, in 2017 is valued at around US$ 928 Mn and is estimated to reach around US$ 1.5 Bn by the end of 2027. The high growth is due to factors such as incorporation of printing and design technology by plastic tube manufacturers enhancing the supply capabilities, strong economic prospects fuelling the consumption of end use applications of plastic tubes and various benefits associated with plastic tubes such as ease of use, portability and convenience.
High potential in emerging economies providing huge growth opportunities for plastic tube consumption
Emerging markets such as India, China, North Africa etc., provide huge growth potential for care and beauty products. Africa is expected to showcase second fastest growth rate in terms of consumption for personal care market after Asia Pacific. The region is also witnessing inflow of foreign investment in manufacturing of personal care and cosmetics products. North Africa region is anticipated to pick up in terms of income level further supporting strong economic prospects. Multinational as well as domestic players are expected to enter the markets using various entry strategies including export, sales agents, and manufacturing. Domestic manufacturers and multinational players of APEJ and MEA regions are targeting cash strapped consumers in the region seeking value added products. Emerging countries represent huge marketing opportunities for cosmetic, personal care and pharmaceutical products. Further the APEJ and MEA region consists of young population with an average age below 20 years. Young median age and growing middle class is expected to fuel the demand for end use products packed in plastic tubes.
Polyethylene to be the most used material for plastic tubes
Material type category is one of the segmentations of the global plastic tubes market. Several benefits associated with polyethylene, such as increased service life, increased fatigue resistance, adaptability and increased corrosion resistance have led to increased consumption of polyethylene. The polyethylene segment in the material type category is projected to grow at the highest rate and register a robust value CAGR of 6.0% throughout the period of forecast, 2017-2027. In 2017, the polyethylene segment is estimated at around US$ 500 Mn and is expected to touch a valuation of more than US$ 900 Mn by the end of the year of assessment. This segment is expected to lead the global market in the coming years.
Regional outlook
The global plastic tubes market is soaring across key regions of North America, Western Europe and Asia Pacific excluding Japan (APEJ) regions during the said period. The polyethylene segment in North America is expected to grow at a 5.7% value CAGR and is estimated at US$ 111.9 Mn in 2017. However, in Asia Pacific excluding Japan (APEJ) region, this segment reflected a high estimation of about US$ 140 Mn followed by Western Europe where it is expected to grow at a high value CAGR and is estimated at around US$ 127 Mn in 2017.
Report Structure
Future Market Insights has recently published a research report titled “Plastic Tubes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The research study covers various market scenarios backed with past data as well as future insights of the plastic tubes market. The forecast is carried out for a period of 10 years (2017-2027).
The research report follows a systematic structure. It starts with an executive summary followed by market introduction, market viewpoint and global market analysis. The executive summary includes three main sections, namely, market overview, market analysis and wheel of fortune. The introduction chapter reveals market taxonomy and market definition. The parent market, macroeconomic overview and opportunity analysis is included in the market viewpoint chapter. The global plastic tubes market analysis covers volume projections, market size and Y-o-Y growth analysis as well as absolute dollar opportunity. Additionally, the research report also covers value chain analysis and pricing analysis.
Market Segmentation
With a view to cover all aspects, a weighted five level segmentation of the global plastic tubes market is carried out.
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By Material Type |
By Capacity Type |
By Closure Type |
By Application |
By Region |
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The analysis of these segments with a historical, present and future outlook gives the reader all the necessary tools to plan and predict future moves to gain strong hold in the market. The market covers a global aspect focusing on important region in the globe. The study covers various trends, developments, drivers and threats to the growth of the global market along with macroeconomic factors that vary across regions impacting the market in different ways. This gives a holistic touch to the research study thus portraying a 3600 market outlook in front of the reader.
The research report also focuses on key players in different regions in the world. These include various tier players and trend setters that influence the global market scenario. SWOT analysis, key financials, developments, innovations, strategies, expansion plans, key personnel, company overview and product portfolio of these key players is covered in this study that can support various businesses to plan competitive moves to gain advantage in the global plastic tubes market.
Research methodology defining accuracy
The research report is skilfully crafted using a robust research platform. The research process is a fool proof, exquisite methodology and comprehensive with the help of which valuable insights regarding various segments across various regions are drawn. The research process includes two extensive research platforms, namely, primary and secondary research. Secondary research is carried out to gain a high level intelligence of the market. The data collected from the secondary research is used in primary research to verify the credibility of the data. The data undergoes multiple levels of accuracy validations till the conclusion of the research. The final data pertaining to market segments reflects a near to 100 percent accuracy that portrays an accurate market scenario.
Future Market Insights delivers value by providing –
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An unbiased third party opinion
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Actionable intelligence
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24x7 analyst support to resolve queries
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A near to 100 percent accuracy in data and statistics
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In-depth weighted analysis with a deep dive in the market across several segments and regions
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Analytically strong ten year forecasts to assist in planning future moves
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