The global laminated tubes market is on track for substantial growth, with an expected valuation of US$ 1.12 billion in 2023. According to Future Market Insights (FMI), a leading market intelligence firm, the market is anticipated to grow at a steady compound annual growth rate (CAGR) of 6.3% from 2023 to 2033. This robust growth trajectory is projected to culminate in a market value of US$ 2.1 billion by 2033.
Key players in the laminated tubes industry are forecasted to hold a commanding 20 to 25% share of the global market, underscoring their influential role in shaping market dynamics. The segment of aluminum barrier laminates (ABL) is set for particularly notable expansion, with a moderate CAGR of 6.1% over the forecast period. This growth is attributed to the increasing demand for durable, high-quality packaging solutions that offer superior barrier properties.
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Market Drivers and Trends:
- Rising Demand for Sustainable Packaging: The shift towards environmentally friendly packaging solutions is significantly propelling the laminated tubes market. Consumers and manufacturers alike are increasingly prioritizing sustainable materials, and laminated tubes, particularly those incorporating aluminum barriers, are gaining traction due to their recyclability and reduced environmental impact.
- Advancements in Manufacturing Technology: Innovations in manufacturing processes are enhancing the quality and functionality of laminated tubes. Improved barrier properties, better aesthetic appeal, and increased durability are making laminated tubes a preferred choice for packaging in various industries, including personal care, pharmaceuticals, and food.
- Growth in Personal Care and Pharmaceutical Industries: The burgeoning personal care and pharmaceutical sectors are major contributors to the growth of the laminated tubes market. The need for hygienic, tamper-proof, and visually appealing packaging is driving the adoption of laminated tubes in these industries.
- Economic Growth in Emerging Markets: Rapid economic development in emerging markets is boosting the demand for consumer goods, thereby fueling the growth of the laminated tubes market. Increased disposable incomes and changing consumer lifestyles are leading to higher consumption of packaged products.
Key Takeaways from the Laminated Tubes Market
- The aluminum barrier laminate (ABL) segment is projected to register a CAGR of 6.5% between 2023 and 2033
- The 50 to 100 ml capacity segment is estimated to hold nearly 64% of the market share by the end of 2023.
- The nozzle cap segment is expected to expand 2.3 times the current market value in the coming years.
- The oral care segment is projected to be the fastest-growing end-use segment with the highest market share of 45% from 2023 to 2033.
- The emerging East Asia region is expected to show strong momentum by accelerating at a robust 8.1% CAGR between 2023 and 2033.
“For companies specializing in plastic-based laminated tubes, the emphasis must be on sustainability in the coming years. These companies might also have to deal with stringent government regulations aimed at reducing plastic pollution.” – says an FMI analyst.
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Who is Winning?
The global market for laminated tubes is likely to become more fragmented as the years pass. If key companies want to keep themselves in pole positions, they must improve their products and make them more cost-effective and sustainable.
Key manufacturers of laminated tubes profiled include – Berry Global Group Inc., Albea S.A., Huhtamäki Oyj, CTL-TH Packaging SL, Hoffmann Neopac AG, CCL Industries Inc., Intrapac International Corporation, Tubopress Italia S.R.L, Montebello Packaging Inc. Also, some of the other noticeable players in the market include Perfektup Ambalaj Sanayi Ve Ticaret AS, Alltub SAS, Lajovic Tuba D.O.O., Tubapack A.S., Pirlo GmbH & Co KG, Norway Pack AS, EPL Limited, Antilla Propack Inc., and Auber Packaging Co., Ltd.
Global Laminated Tubes Market by Category
By Product Type:
- Plastic Barrier Laminates (PBL)
- Ethylene Vinyl Alcohol (EVOH)
- Polyamide (PA)
- Polyester (PET)
- Aluminum Barrier Laminates (ABL)
By Capacity:
- Less than 50 ml
- 51 to 100 ml
- 101 to 150 ml
- Above 150 ml
By Cap Type:
- Stand-up Cap
- Nozzle Cap
- Fez Cap
- Flip Top Cap
By End Use:
- Cosmetics & Personal Care
- Hair Care
- Skin Care
- Oral Care
- Commercial
- Sealants & Adhesives
- Lubricants
- Pharmaceuticals
- Homecare
- Laundry Gel
- Toiletries & Hand wash Gels
- Food
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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