European Plastic Tube Market Trends, Size, Competitive Analysis and Forecast 201Posted by mansi on March 23rd, 2020 The European plastic tube market was 4 million in 2018 and is anticipated to grow at a CAGR of 6.2% during the forecast period. The plastic tube is highly suitable for the purpose of packaging of semi-liquid pharma products as they are isolated from the chemicals and do not react with the chemicals of the packaging. Therefore, the increased demand for gel and lotion packing is a major factor for increasing the use of plastic tubes in the pharmaceutical packaging market in Europe. Moreover, in February 2019, the American Chemical Council’s Plastics Division and the European Union (EU) had announced the target of 100% use of recyclable, reusable and compostable plastics by 2025 and 2040 respectively in their regions. These regulations are expected to shape the plastic tube packaging industry of the region in the future. Request a Free Sample of our European Plastic Tube Market: https://www.omrglobal.com/request-sample/european-plastic-tube-market The European plastic pipe market growth 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, in many countries, plastic is banned due to its environmental effects and fluctuation in prices of raw materials which is expected to hinder the growth of the market. A full Report of European Plastic Tube Market is Available at: https://www.omrglobal.com/industry-reports/european-plastic-tube-market European Plastic Tube Market Segmentation
• Polyethylene By End-User • Pharmaceutical Regional Analysis • UK Company Profiles • Albea Services S.A.S. 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: Like it? Share it!More by this author |