Laminated Tubes Market Snapshot
The laminated tubes market revenue totaled US$ 940 Mn in 2020, according to Future Market Insights (FMI). The overall laminated tubes market is expected to reach US$ 1.8 Bn by 2031, growing at a CAGR of 6.3% for 2020- 31.
FMI has projected competition in the market to continue soaring through the assessment period. The top 5 market players are expected to hold 20%-25% of the global laminated tubes market in 2021.
Laminated tubes are lightweight, hygienic, and tamper-resistant. The premium quality and smooth finish of these tubes makes them more attractive and noticeable. They also protect the content inside the tube from light, air, oxygen, moisture, UV rays, and a variety of bacterial infections.
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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.
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.
Country-wise Insights
Why is the Demand for Cosmetic and Personal Care Laminated Tubes elevating in Germany?
The laminated tube market in Germany is expected to hold a market share of 14.7% within Europe by the year 2031. According to the European Tube Manufacturing Association, slightly lower than 50 percent of laminated tubes produced in Europe is used in the cosmetics sector.
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As per Cosmetics Europe, Germany is home to a thriving cosmetics and personal care market. German consumers use cosmetics products every day to enhance their personal look, well-being and boost their self-esteem.
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.
Laminated Tubes Market by Category
By Product Type:
- Plastic Barrier Laminates (PBL)
- Ethylene Vinyl Alcohol (EVOH)
- Polyamide (PA)
- Polyester (PET)
- Aluminum Barrier Laminates (ABL)
By Capacity:
- Less than 50 ml
- 51 to 100 ml
- 101 to 150 ml
- Above 150 ml
By Cap Type:
- Stand-up Cap
- Nozzle Cap
- Fez Cap
- Flip Top Cap
- Other Caps
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The post Laminated Tubes Market Is Expected To Reach US$ 1.8 Bn By 2031, Growing At A CAGR Of 6.3% For 2020- 31 appeared first on Future Market Insights.
