Laminated Tubes Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2031

The laminated tubes market income added up to US$ 940 Mn in 2020, as per Future Market Insights (FMI). The by and large laminated tubes market is supposed to arrive at US$ 1.8 Bn by 2031, developing at a CAGR of 6.3% for 2020-31.

Bundling assumes a pivotal part today and fills different needs like brand advancement and drawing in clients for driving deals. Customers are changing from inflexible bundling, for example, plastic and aluminum bundling tubes to adaptable laminated tube bundling. They generally incline toward sterile, sturdy, and outwardly engaging item bundling that additionally offer high assurance of the items inside the cylinder.

Laminated tubes are lightweight, sterile, and alter safe. The exceptional quality and smooth completion of these tubes makes them more appealing and observable. They likewise shield the substance inside the cylinder from light, air, oxygen, dampness, UV beams, and various bacterial diseases.

They also act as a reliable seal to keep the contents free from spoilage, and dust particles, thus extending a product’s shelf life. The multilevel barrier of laminated tubes provides a protective layer and ensures greater longevity of the material.

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Therefore, the rising awareness among consumers about health, hygiene, and willingness to purchase cost-effective, and attractive products will create opportunities for the laminated tubes market expansion.

Key Takeaways from Laminated Tubes Market

Laminated tubes are made from multiple layers of different materials of EVOH, aluminum, and plastic. Of these, the demand for aluminum barrier laminate (ABL) is highest. FMI also projects the ABL segment to account for 82.2% of the market by 2031.

The 50 to 100 ml capacity segment will account for 62.4% market share by 2031. These type of tubes are designed as a standard size preferred by the consumers, primarily used for cosmetics and oral care packaging

Stand-up caps are more preferred in the laminated tube and are expected to hold 45.1% of market share by 2031.

The oral care segment is projected to be the fastest-growing end-user segment, accounting for 45.3% of sales through the forecast period.

East Asia market is expected to show strong  growth, rising at 8.1% CAGR during the forecast period of 2021-2031.

 “With increasing consumer focus on oral hygiene and a shift in preference towards visually appealing, hygienic, and premium quality cosmetic products are creating opportunities for laminated tubes market growth. These trends also are encouraging manufacturers to focus on innovations to offer more efficient packaging solutions,” says FMI analyst.

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Demand in Beauty and Personal Care Industry to Increase

Consumers have become increasingly concerned about the quality and brand value of the cosmetics and personal care products they purchase. Willingness to spend on quality products with premium packaging that will prevent contamination of product packed inside and improve their shelf-life will increase laminated tubes application in the cosmetics sector.

The trend of glossy tubes with sophisticated metallic effects and intricate designs such as realistic photo prints, matte or glossy finishes will help laminated tubes to stand out in the competition.

Rising Intolerance towards the Use of Plastic Likely to Hamper the Market Growth

Concerns related to the environment due to the usage of plastic is negatively impacting the laminated tubes market. Various countries have imposed strict bans and stringent regulations to minimize plastic consumption.

For instance,

In March 2019, the European Parliament passed a law to ban single-use plastic. The law stressed the significant environmental, health, and economic impact of certain plastic products

Plastic-waste dumping in the sea and landfills is the primary global environmental concern today. Many institutions, NGOs, and government authorities are encouraging plastic manufacturing companies to develop environment-friendly, bio-degradable, and recyclable packaging product solutions.

Laminated tubes are made by using multiple layers to protect the product against environmental conditions. They are not recyclable due to their multi-layer nature. Aluminum laminated tubes are recyclable, whereas plastic laminated tubes are not fully recyclable. Thus, the consumer’s awareness and consciousness towards purchasing eco-friendly products and the government ban on plastic consumption

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Laminated Tubes Market Landscape

Berry Global Group Inc., CCL Industries Inc., Huhtamäki Oyj, EPL Limited, Albea S.A., Hoffmann Neopac AG, Tubopress Italia S.R.L and among others are the prominent players in the global laminated tubes market. The Tier 1 players in the market hold 20-30% in the global laminated tubes market.

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