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US Polyethylene Plastic Tube Market Trends, Size, Competitive Analysis And Forecast – 2019-2025

US Polyethylene Plastic Tube Market Trends, Size, Competitive Analysis And Forecast – 2019-2025

Submitted by • about 2 hours ago www.omrglobal.com

The US polyethylene plastic tube market was valued more than $200 million in 2018 and is anticipated to grow at a substantial rate of around 5.9% during the forecast period. Polyethylene is one of the most popular types of plastics mostly used in the packaging industry. Poly tubing is also FDA approved for use in food and beverage applications. Polyethylene tubing products provide efficient, clean fluid handling capabilities for hospitals, research laboratories, food and beverage manufacturers, agriculture, and more. 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 country in the future.

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Voted by pooja makkhar

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