The UK tube packaging market is estimated to grow at a considerable CAGR of around 6.6% during the forecast period (2021-2027). The pivotal factor that contributes to the market growth in the country is the significant demand for recycled packaging solution in various industries due to government initiatives. The government is also actively working to reduce plastic waste and increase recycling activities. In March 2020, the government of UK announced a tax of $260 (£200) per ton on virgin plastic in the 2020 budget. The tax will be applied from April 2022 to the plastic packaging which does not contain at least 30% recycled plastic. The tax will be applied from April 2022 to both plastics, which are manufactured in UK or imported from any other country. The tax rate and limit of 30% recycled plastic will continuously remain in review by the government and may change to fulfil the aim of promoting recycled plastic packaging.
Browse the full report description of "UK Tube Packaging Market Size, Share & Trends Analysis Report by Material Type (Laminated Tubes, Aluminum Tubes, Plastic Tubes, and Others) and by Vertical (Cosmetic and Oral Care, Food & Beverages, Pharmaceutical, and Others) and Forecast 2021-2027" at https://www.omrglobal.com/industry-reports/uk-tube-packaging-market
There is a significant rise in the adoption of personal care products and a growing trend for portable, compact, attractive, and inexpensive packaging solutions, which is propelling the growth of the tube packaging market in the country. The packaging and labelling of cosmetic tubes portray the quality of the product and is regarded as one of the important determinants in its market appeal. Along with this, the increasing sales of trial packs of branded and expensive cosmetics products in the form of use-and-throw plastic tubes of 10-50 ml is further supporting the market growth across the globe. This includes the celebrity-owned brands along with the top global cosmetics companies, such as L’Oréal and Lakme.
Market Coverage
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Report Elements |
Details |
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Study Period |
2020-2027 |
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Base year |
2020 |
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Forecast period |
2021-2027 |
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Segments Covered |
By Material Type and by Vertical |
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Key Companies Profiled |
Albéa Services S.A.S, Amcor PLC, Constantia Flexibles Group GmbH, Hoffmann Neopac AG, LINHARDT GmbH & Co.
KG, and others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
o Recommendations
UK Tube Packaging Market – Segmentation
By Material Type
By Vertical
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