In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
Squeezable plastic tubes are basically small leak proof, light weight and unbreakable containers which are made of plastic. They can be used to store liquid or paste, cream, wax and adhesives. Moreover, after every use of squeezable plastic tube they again retain their original shape. Further, squeezable plastic tubes are one of the most common solutions for packaging and for fluid dispensing. Additionally, squeezable plastic tubes are available in different shape and sizes in market. These tubes are highly used in beauty and personal care industries, health wellness industries, art supply industries, chemical industries and others.
Global squeezable plastic tube market is expected to witness a robust growth during the forecast period i.e.2017-2024. This growth of global squeezable plastic tube market can be attributed to factors such as rising number of companies into beauty and personal care products seeking for better packaging solution for their products across the globe.
In terms of region, global squeezable plastic tube market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Additionally, Asia Pacific region is anticipated to be the fastest growing market for squeezable plastic tube during the forecast period. Rising per capita income of the consumers coupled with increasing purchasing power of the consumers in this region is accepted to be the key factors behind the growth of squeezable plastic tube market in this region.
Moreover, North America region is anticipated to achieve minimal growth rate over the forecast period due to maturity of the market in squeezable plastic tube market. In addition to this, Latin America region is also expected to expand at a remarkable pace during forecast period due to high spending on hair care (shampoo, conditioner, wax) by the consumers in this region. CLICK TO DOWNLOAD SAMPLE REPORT
Our-in depth analysis of the global squeezable plastic tube market includes the following segments:
Global squeezable plastic tube market is further classified on the basis of region as follows:
Global squeezable plastic tube market is primarily driven by growing penetration of squeezable plastic tubes in industries including personal care, health & wellness and chemical across the globe. Moreover, squeezable plastic tubes are leak proof, light in weight and unbreakable products. These qualities of squeezable plastic tubes make them more acceptable for packaging purposes. Further, rising demand for better packaging solution for liquid and semi-liquid products is driving the growth of global squeezable plastic tube market in near future.
Additionally, rising disposable income of the consumers and their growing purchasing power has led various industries to adopt squeezable plastic tube for packaging of their products. Moreover, capability of squeezable tubes such as ability to retain its original shape after every use makes it more adoptable over other packaging system. Further, this factor is expected to escalate the demand for squeezable plastic tubes in near future.
However, limited use of squeezable plastic tubes with hot water or liquid system in industries is one of the major factors which are hampering the growth of global squeezable plastic tubes market.
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global squeezable plastic tubes market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
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
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions | LOB
Copyright © 2022 Research Nester. All Rights Reserved
