North American Plastic Tube Market-converted (1)


Poojamakkhar1029

Uploaded on Mar 23, 2020

Category Business

The North American plastic tube market was $393 million in 2018 and is anticipated to grow at a substantial rate of 5.9% 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 North America. 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.

Category Business

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