Eco-friendly tubes market: An Overview
Plastic is now the biggest enemy of our global seas and marine lives. Due to public interest in this issue, major global key players are looking to find new solutions for the circular economy. Eco-friendly tubes market is come under that new sustainable packaging solutions and expected to witness high growth in the forecast period. Eco-friendly tubes are bio-based sugar cane polyethylene, or paper, or cardboard is a renewable sourced alternative for conventional oil-based plastic. It has the same structural look and feel as traditional PE, but are 100% recyclable. They are available in most standard sizes, shapes, and print capabilities. So the use of eco-friendly tubes helps reducing greenhouse gas emissions. One company from North America called Hemp The Plastic Company, has been able to find an alternative for traditional PE plastic. They are making eco-friendly, bio-based and 100 % recyclable plastic from hemp. It is an excellent opportunity to go deep into the eco-friendly tubes market. The hemp material or sugar cane materials are lightweight and have strong fiber which is useful in making durable products. Biodegradable materials like sugar cane, hemp can easily be decomposed into the soil, helps it enriching with nutrients. Additionally, the process of producing bio-based plastic takes up to 20% less energy than conventional oil-based plastic. This also can rise the demand for eco-friendly tubes market globally.
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Eco-friendly tubes market: Dynamics
In 2018 European Union massively tightened the rules regarding packaging and packaging waste. Not only the European counties but also all the other regions of the globe are securing the guidelines for packaging waste. This we can say a big driver for emerging eco-friendly tubes market globally. Sugarcane is the world’s largest crop by production quantity, with 1.9 billion tonnes in 2016. One study shows that a positive land use of 1 hectare produces 77 tonnes of sugarcane which can generate three tonnes of bio-based polyethylene, which is a positive sign for eco-friendly tubes market globally. Not surprisingly, personal care and cosmetic industry, food, and beverage industry are thriving all over the globe, which is driving the eco-friendly tubes market. The pack weight to product weight ratio is decreasing by time with more value-added to the pack. Weight reducing is part of sustainable packaging. Growing commercial and residential real estate, with a rise in per capita income in developing countries, is also driving the eco-friendly tubes market.
CEFLEX is a collaborative project involving over 100 companies from the entire value chain of flexible packaging, which is responsible for collecting, sorting, and reprocessing of flexible packaging. This could drive the global eco-friendly tubes market.
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Eco-friendly tubes market: Segmentation
On the basis of material type, eco-friendly tubes market can be segmented into,
- Sugar cane PE
- Hemp fiber
On the basis of end-use industry, eco-friendly tubes market can be segmented into,
- Food and beverage
- Personal care
Eco-friendly tubes market: Regional Outlook
Geographically, the eco-friendly tubes market can be divided into seven key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East and Africa (MEA) and Japan. Asia pacific is dominant amongst all the regions for the eco-friendly tubes market as the middle-income group is increasing more rapidly. Opportunities for eco-friendly tubes market are also expected to go high as per capita consumption of packaged good is on the top in North America and Europe region. A good response for eco-friendly tubes market is proposed to increase in emerging countries like China, Brazil, Japan, India, and Thailand.
Eco-friendly tubes market: Key Players
- Express Tubes Inc.
- Hoffman Neopack AG
- Guangzhou Kingdi Packaging & Printing Company Ltd.
- Kaufman Container Co
- Lageen ltd
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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