China Polyethylene Plastic Tube Market Size, Share and Forecast 2019-2025
Posted by mansi on March 24th, 2020
China polyethylene plastic tube market was over 0 million in 2018 and is anticipated to grow at a CAGR of 7.3% 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.
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The plastic tubes market in China is estimated to witness potential growth owing to the growth in personal care products and food & beverage industry in the country. The consumers in China are becoming highly sophisticated for their needs of personal care and cosmetics products and the local companies are catching up by using natural ingredients. As per the International Trade Administration (ITA), the country has an estimated revenue of billion in domestic sales of personal care and cosmetics products in 2015. Rapid urbanization and increasing disposable income are the crucial factors contributing to the rising demand for personal care and cosmetics products in the country. For instance, cosmetics consumption in China is significantly prevalent in tier 1 megacities, with considerable penetration in the country’s inland tier 2 and tier 3 cities.
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China Polyethylene Plastic Tube Market Segmentation
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Joined: January 22nd, 2020
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