Lotion Tubes Market Overview
Lotion tubes are type of packaging tubes which are used in a number of industries such as pharmaceutical and cosmetic industries. Lotion tubes are available in various shapes and sizes to meet wide range of packaging needs.
Market Size and Forecast
Global lotion tubes market is anticipated to witness a robust growth during the forecast period i.e.2017-2024. Factors such as increasing consumption of end use products and rising number of industries such as beauty and personal care industries who are seeking for better packaging solution for their products are projected to bolster the growth of global market in near future
Regionally, global lotion tubes market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Additionally, Asia Pacific region is anticipated to be the fastest growing market for lotion tubes during the forecast period owing to high consumption of end use products due to presence of large population base in this region. Further, Japan, India and China are likely to contribute significantly in the growth of lotion tubes market in this region.
Moreover, North America lotion market is anticipated to grow at substantial growth rate over the forecast period owing to rising adoption of lotion tubes in pharmaceutical industries. Moreover, demand for lotion tubes in this region is rising owing to the factors such as high spending on beauty and personal care in this region.
Apart from region, global lotion tubes market is segmented by material type, by applicator and by application. Further, plastic lotion tube segment by material type is witnessing remarkable demand from beauty and cosmetic industry. High flexibility and attractive packaging are two major features of plastic lotion tubes which are fostering the growth of this segment.
Moreover, application segment is further sub-segmented into pharmaceutical, personal care & cosmetics, homecare and others. Among these segment personal care & cosmetic segment is likely to grow at significant pace over the forecast period owing to rising disposable income of the consumers and growing spending on personal care and cosmetic products.
Our in-depth analysis has segmented global lotion tubes market into the following segments:
Global Lotion Tubes market is further classified on the basis of region as follows:
Growth Drivers & Challenge
Global lotion tube is driving on the back of growing packaging industry across the globe. Further, rapid introduction of new tube packaging solutions are likely to bolster the growth of global lotion tube market in upcoming years.
Additionally, advancements in lotion tube packaging solutions such as high puncture resistant, high flexibility and better preservation of products are envisioned to drive the market in upcoming years. Furthermore, popularity of tube packaging in cosmetic, personal care and beauty industry is growing due to its convenience portability and ability to hold wide range of products.
Apart from this, swelled consumers spending on personal care is also anticipated to drive the market of lotion tubes across the globe.
However, presence of alternative packaging solution and chances for tube puncture are major challenges which are obstructing the growth of global lotion tube market.
Scope and Context
Overview of the Parent Market
The global Lotion Tubes market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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