Demand for laminated tube closures Market is expected to reach US$ 129.8 million in 2022 and is projected to increase at a CAGR of 3.6% to US$ 184.8 million between 2022 and 2032. Growth is linked to the packaging industry’s continuing improvement. A CAGR of 2.8% was seen for the laminated tube closure market from 2016 to 2021.
Demand for tube packaging is driven by ever evolving consumer demands. Because of its portability, convenience of use, and ease of transportation, tube packaging is frequently chosen by consumers, which expands the market for laminated tube closures. Typically used to hold liquids like toothpaste, ointments, beauty treatments, adhesives, etc., tubes are composed of metal or plastic.
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Laminated Tube Closure Market – Market Dynamics
One of the significant factors contributing towards the growth of laminated tube closure market is significant growth in the packaging industry with innovative packaging and excellent barrier properties. Another factor fueling the growth of laminated tube closure market is the printing and decorating on laminated tubes helps in brand promotion which in turn increase sales of the product.
The laminated tube closures are unbreakable, leak proof, durable, light weight, deliver excellent sealability and also helps to increase attraction to these tubes which are the major driver towards the growth of laminated tube closure market. Another factor towards the growth of laminated tube closure market is that manufacturers, suppliers and distributors are more satisfied with cosmetic tubes over the alternative containers due to ease in transportation and storage and the economic packaging of tubes.
Laminated Tube Closure Market – Market Segmentation
The laminated tube closure market can be segmented on the basis of material, packaging, diameter and end use type. On the basis of material type, the laminated tube closure market can be segmented into plastic (HDPE, LDPE, LEPE), aluminum and glass. On the basis of packaging type, the laminated tube closure market can be segmented into nozzle closures (conical and stand up), flip top closures, screw on closures, child resistance closures and others.
On the basis of diameter type, the laminated tube closure market can be segmented into 19-25 mm for child resistance closures, 22-40 mm for stand up closures, 35-50 mm for flip top closures and many others. On the basis of end use type, the laminated tube closure market can be segmented into food & beverage, personal & home care, pharmaceutical, cosmetics & oral care and others.
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Laminated Tube Closure Market – Regional Outlook
The laminated tube closure market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Asia Pacific is the leading manufacturer of the cosmetic industry, and cosmetic tubes, being its major segment, has the largest share in the laminated tube closure market due to demand for innovative and sustainable packaging in emerging economies such as India and China among others.
Europe and North America is expected to have significant growth in the laminated tube closure market majorly due to increasing consumer spending and per capita income. Moreover, the consumer choice from traditional packaging to innovative packaging in parts of the Middle East and Africa, which in turn helps the laminated tube closure market to grow even more in the future.
Laminated Tube Closure Market – Major Players
Some of the major Key players identified across the globe in the laminated tube closure market are Abdos India, IntraPac International Corporation, Amtik Group, Kap Group, Essel Propack Limited, Berry Plastics Corporation, Sibo Group, Pirlo GmbH & Co. KG, Winpak Ltd.
The report covers exhaustive analysis on
Global Laminated Tube Closure Market Segments
Global Laminated Tube Closure Market Dynamics
Historical Actual Market Size, 2012 – 2016
Global Laminated Tube Closure Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain for Laminated Tube Closure Market
Global Laminated Tube Closure Market Current Trends/Issues/Challenges
Competition & Companies involved in Laminated Tube Closure Market
High Altitude Aeronautical Platform Stations Technology
Value Chain of High Altitude Aeronautical Platform Stations
Global Laminated Tube Closure Market Drivers and Restraints
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Key Segments Profiled in the Laminated Tube Closure Industry
Laminated Tube Closure Market by Material:
- Plastic Laminated Tube Closure
- Aluminium Laminated Tube Closure
- Glass Laminated Tube Closure
Laminated Tube Closure Market by Packaging:
- Nozzle Closure Laminated Tube
- Flip top closures Laminated Tube
- Screw-on closures Laminated Tube
- Child resistance closures Laminated Tube
Laminated Tube Closure Market by Diameter:
- 19-25mm Laminated Tube Closure
- 22-40mm Laminated Tube Closure
- 35-50mm Laminated Tube Closure
- others Laminated Tube Closure
Laminated Tube Closure Market by End-use:
- Laminated Tube Closure for Food & Beverage
- Laminated Tube Closure for Personal & Home Care
- Laminated Tube Closure for Pharmaceutical
- Laminated Tube Closure for Cosmetics & Oral Care
- Laminated Tube Closure for Others
Laminated Tube Closure Market by Region:
- North America Laminated Tube Closure Market
- Latin America Laminated Tube Closure Market
- Western Europe Laminated Tube Closure Market
- Eastern Europe Laminated Tube Closure Market
- Asia Pacific Laminated Tube Closure Market
- Japan Laminated Tube Closure Market
- Middle East and Africa Laminated Tube Closure Market
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