FMI Analyzes Impact of COVID-19 on Laminated Tubes Market; Stakeholders to Focus on Long-term Dimensions
VALLEY COTTAGE, N.Y. – Some of the prominent players operating in the global laminated tubes market include Montebello Packaging Inc., Linhardt GmbH & Co KG, Tubopress Italia Spa, Ctl-Th Packaging Sl, CCL Industries Inc., Berry Global Group, Inc., Albea S.A., Burhani Group of Industries, Pirlo GmbH & Co KG, Tubapack A.S., Lajovic Tuba D.O.O., and Huhtamaki Oyj, notes Future Market Insights (FMI). Various players are focusing on the development of advanced functional products to meet a variety of packaging applications in end-use industries, to gain a competitive edge over others.
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According to FMI, the global laminated tubes market analysis is valued at US$821.9 Mn in 2017 and is projected to rise at an impressive CAGR of 13.3% from 2017 to 2027. The market is estimated to be worth US$2852.4 Mn by the end of the forecast period.
The study presented here is based on a report by Future Market Insights (FMI) titled, “Laminated Tubes Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017–2027.”
The various regional markets for laminated tubes are North America, Latin America, Japan, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA). Of these, the APEJ is predicted to rise at the dominant CAGR of 17.3% during 2017–2027 and is expected to emerge as the leading market, vis-à-vis global share, by 2027 end. The dominance of this regional market can be attributed to a substantial uptake of laminated tubes packaging in the cosmetics industry. Based on end-use, the major areas are cosmetics, oral care, food, pharmaceuticals, home and other personal care, and commercial. Of all the end-use segments, the oral care is projected to dominate, accounting for about 48.0% value share by the end of 2027.
Preview Analysis of Laminated Tubes Market: Cosmetics & Pharmaceuticals End Use Industries to Vie for the Second Position in Terms of Market Share: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027 –https://www.futuremarketinsights.com/reports/laminated-tubes-market
Growing demand for Aesthetic, Portable, and Cost-efficient Packaging Options to Bolster Uptake
The market is primarily driven by the rising demand for aesthetic packaging options that are easy-to-use and portable, provide product preservation, and meet varied requirements in diverse end-use areas, including pharmaceuticals, industrial application, food, and personal care. The burgeoning demand for aesthetic packaging of cosmetic products which can also provide superior protection barriers to contents by preserving fragrance, flavor, and moisture is boosting the market. The wide demand for attractive as well as highly functional packaging options for packing a variety of hair care and skin care products is stoking the demand for laminated tubes. The rapid strides being made by the cosmetic and personal care industry in developing and developed countries is accentuating the growth of the market.
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The soaring popularity of flexible packaging applications that can be tailored to any shape and size, while providing substantial branding and product differentiation options is catalyzing the growth of the worldwide market. The conscious, marked shift from aluminum-based packaging to laminated tube packaging among pharmaceutical players is attributed to several noteworthy anti-contamination properties of these packaging. The rising uptake of laminated tubes for packing OTC pharmaceutical products is boosting the market.
Laminated Tubes Packaging to Expand Product Differentiation and Branding Options
The notable benefit of prolonging the shelf-life of cosmetic and personal care products possible with laminated tube packaging is a prominent factor expected to bolster their demand.
The popularity of high-catching visuals in product packaging in the FMCG sector has bolstered the demand for laminated tubes, as these enable the use of high graphic flexo printing technology. However, the rising availability of substitute packaging options, including stick packs and airless pumps, is likely to hamper the demand for laminated tubes. Furthermore, the rising concerns of the adverse environmental effects of plastics and various governmental regulation to ban plastics in packaging are key factors likely to impede the growth of the market to an extent. Nevertheless, the attractive of laminated tubes packaging is fueled by their growing popularity among end-use industries owing to a large number of functional properties. In addition, laminated tubes are considered cost effective for a growing number of brand owners, who want to differentiate their products and meet their specific product needs.
The global laminated tubes market is segmented based on:
- Product Type
- Plastic Barrier Laminate (PBL) Tubes
- Ethylene Vinyl Alcohol Polymer (EVOH) Barrier
- Nylon Barrier
- Polyester Barrier
- Aluminum Barrier Laminate (ABL) Tubes
- Less than 50 ml
- 50 to 100 ml
- 101 to 150 ml
- Above 150 ml
- Cap Type
- Standup Cap
- Nozzle Cap
- Fez Cap
- Flip Top Cap
- End Use
- Hair Care
- Skin Care
- Others (Nail Care, Nail Polish, etc.)
- Oral Care
- Home & other personal care
- Laundry Gels
- Toiletries & hand wash gels
- Others (Sealants, adhesives, etc.)
- Sealants & adhesives
- Other Commercial (Specialty grease and pesticides.)
- Others (Paints, Crayons and Shoe polish, etc.,)
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- New Zealand & Australia
- Rest of APEJ
- North America
Key players :
- Essel Propack Ltd.
- Albea S.A.
- Berry Global Group, Inc.
- CCL Industries Inc.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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