The global laminated tube closure market is poised for substantial growth over the next decade, according to a recent report by Future Market Insights. Starting at an estimated valuation of USD 134.6 million in 2023, the market is projected to reach approximately USD 193.6 million by 2033, advancing at a steady CAGR of 3.7% from 2023 to 2033.
Tube packaging remains popular among consumers for its ease of use, portability, and efficient transport, driving the demand for laminated tube closures. Commonly made from aluminum or plastic, tubes are the preferred choice for packaging liquid products such as toothpaste, ointments, beauty creams, and adhesives. The rising consumer demand for convenient and reliable packaging continues to bolster growth in the laminated tube closure sector.
Laminated tube closures provide essential protection by sealing the contents within the tube, shielding products from air, moisture, UV rays, and contaminants. Featuring a barrier film within their multilayered structure, these closures help maintain the integrity of the product, ensuring long-lasting freshness and security against premature opening. Durable, lightweight, and leak-proof, laminated tube closures offer an unbreakable solution that enhances both saleability and consumer appeal.
Find Out More—Read the Complete Report for Full Insights!
The strong demand for laminated tube closures is further driven by the favorable preference of manufacturers, suppliers, and distributors, particularly in the cosmetics industry. Cosmetic tubes are valued for their convenient transport, storage efficiency, and cost-effective packaging compared to alternative container options, aligning with evolving market demands.
Key Takeaways: Laminated Tube Closure Market
- The global laminated tube closure industry experienced a steady growth rate with a CAGR of 2.5% from 2018 to 2022.
- By 2022, the market reached a valuation of USD 129.8 million.
- North America held a significant portion, contributing 19.5% of the global market share in 2022.
- Europe accounted for 16.3% of the total market share in the same year.
- The plastic laminated tube closure segment dominated the market with a 53.5% share in 2022.
- The oral care segment was a major end-user, capturing 45.9% of the global laminated tube closure market share in 2022.
Competitive Landscape
Some of the leading players in the global laminated tube closure industry include Abdos India, IntraPac International Corporation, Amtik Group, Kap Group, Essel Propack Limited, Berry Plastics Corporation, Sibo Group, Pirlo GmbH & Co. KG, and Winpak Ltd.
The market is extremely competitive due to the large number of participants. While global players like Abdos India, IntraPac International Corporation, Amtik Group, and Kap Group account for a sizable market share. There are various regional-level businesses working in important growing regions, particularly Asia Pacific.
Recent Development Observed by FMI:
- In collaboration with LyondellBasell, Plastuni Lisses, and Groupe Rocher, Huhtamaki introduced next-generation tube laminates with ISCC-certified renewable content in July 2021 for use in the food and cosmetics industries.
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)
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube