Tube closures play a crucial role in sealing and securing the contents of tubes. Laminated tubes, in particular, are engineered with multiple layers that include a barrier film, effectively shielding the tube’s contents from environmental factors such as air, moisture, UV rays, and other potential contaminants. These closures serve as a protective shield, guarding against impurities, moisture, oxygen, and other elements that could compromise the product’s quality while ensuring that the contents remain safe from unintended premature openings.
The global laminated tube closure market is poised for substantial growth between 2023 and 2033, as reported by Future Market Insights. The market is expected to experience remarkable expansion, starting with an estimated value of US$ 134.6 million in 2023 and reaching a projected valuation of US$ 193.6 million by 2033. This growth trajectory is underpinned by a compound annual growth rate (CAGR) of 3.7% over the decade.
Tube packaging remains a popular choice among consumers due to its inherent advantages, such as user-friendliness, portability, and ease of transportation. Laminated tubes, typically composed of aluminum or plastic, serve as the primary packaging solution for various liquid products, including toothpaste, ointments, beauty creams, and adhesives. Evolving consumer preferences continue to drive the demand for tube packaging, positioning the laminated tube closure market for sustained growth.
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Market Drivers:
- Consumer Preference for Tube Packaging: Laminated tube closures are in demand due to the popularity of tube packaging. Consumers find tubes easy to use, portable, and suitable for various applications, such as toothpaste, ointments, beauty creams, and adhesives.
- Changing Consumer Preferences: Evolving consumer preferences are driving the demand for tube packaging, including laminated tube closures. As consumers seek convenient and versatile packaging solutions, the market experiences growth.
- Advancements in Eco-Friendly Packaging: The development of eco-friendly laminated tube closure materials and manufacturing processes aligns with the growing trend towards sustainable and environmentally responsible packaging solutions. These innovations cater to eco-conscious consumers and regulatory requirements.
- Competition and Product Innovation: Intense competition among laminated tube closure manufacturers fosters innovation and the introduction of new products. This competitive environment contributes to market expansion and the introduction of advanced closure solutions.
Start-up Scenario
Neopack Tubes, Montebello, Prutha Packaging Pvt. Ltd., Prathista Propack Private Limited, Aay Won Lamitubes & Packaging Solution, Neel Packaging, B DMultipack, and Prism Multipack are some of the start-up companies operating in the laminated tube closure business environment.
KYODO PRINTING (VIETNAM) CO. LTD., the laminated tube production base in Southeast Asia. Kyodo Printing Co., Ltd. has the No. 1 market share of the entire laminated tube sales in Japan. The Vietnam Plant conducts its business with one-of-the-kind tubing and printing technology, as well as a research and development team, facilities, and know-how that we believe are at the world’s leading standards.
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Challenges Faced by the Laminated Tube Closure Industry
The global laminated tube closure industry, like any other market, faces its share of challenges. Notably, one of the primary obstacles to market growth is the elevated cost associated with manufacturing these laminated tube closures. This cost factor can impede the market’s expansion. Moreover, with the increasing emphasis on environmental sustainability and the introduction of government regulations, manufacturers are increasingly turning their attention to eco-friendly packaging solutions. This shift towards sustainable packaging alternatives may pose a constraint on the market’s growth.
The industry for laminated tube closures is marked by intense competition, primarily due to the presence of numerous manufacturers. The prevalent use of plastic in most laminated tube closures can be at odds with government regulations and policies aimed at reducing plastic usage. This regulatory challenge may present hurdles for the laminated tube closure industry’s growth.
Key Players
- Abdos India
- IntraPac International Corporation
- Amtik Group
- Kap Group
- Essel Propack Limited
- Berry Plastics Corporation
- Berry Plastics Corporation
- Sibo Group
- Pirlo GmbH & Co. KG
- Winpak Ltd.
Laminated Tube Closure Market Segmentation
By Material:
- Plastic Laminated Tube Closure
- Aluminium Laminated Tube Closure
- Glass Laminated Tube Closure
By Packaging:
- Nozzle Closure Laminated Tube
- Flip Top Closure Laminated Tube
- Screw-on Closure Laminated Tube
- Child Resistance Closure Laminated Tube
By Diameter:
- 19 to 25 mm
- 22 to 40 mm
- 35 to 50 mm
- Others
By End-use:
- Food & Beverage
- Personal & Home Care
- Pharmaceutical
- Cosmetics & Oral Care
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- The Middle East & Africa (MEA)
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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