Published on : Dec 04, 2017
Albany, New York, December 4, 2017: According to recent study findings, the significant rise in the packaging industry across the world is significantly bolstering the growth of aluminum barrier laminate tubes market. Today, ABL tubes are not only used for toothpaste applications but also increasingly for cosmetics, food, pharmaceutical and household and industrial applications. Market Research Hub (MRH) has freshly broadcasted this latest study titled “Aluminum Barrier Laminate (ABL) Tubes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” to its mega-repository, which offers a strategic analysis of the global market for aluminum barrier laminate tubes and the growth forecast for the period 2017 to 2022.
By 2017, the global aluminum barrier laminate tubes market is predicted to offer an opportunity worth US$772.3 mn. It is expected to rise further at a CAGR of 5.50% between 2017 and 2022 and accomplish a value of US$1.01 bn by the end of 2022. In the present time, aluminum barrier laminate tubes are majorly applied for the packaging of various consumer goods, such as premium dental creams, antiseptics, oils, and adhesives, worldwide. The augmenting demand for premium consumer products is adding significantly to this market and is expected to continue doing so over the next few years.
At first, the study starts by outlining the ABL tubes market overview. In addition, the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the tonic water market and how it could influence the market in the near future. The research also analyzes global market scenario on the basis of key regions, where the market stands to gain. The Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Latin America, North America, Europe, and Japan are the prime regional markets for aluminum barrier laminate tubes across the world. Of these, Europe acquired the leading position in the global market. This is mainly because of the high purchasing power of people in this region.
For a clear understanding, the market has been segmented into capacity, type of the cap, and the end users. In terms of capacity, the market is classified into less than 50 ml, 50 to 100 ml, 101 to 150 ml, and above 150 ml. Among these, the most prominent segment in this market is the 50 to 100 ml segment, which is likely to stay on the top over the next few years. Moving further, the report also adds that the increasing awareness among consumers affecting to the eco-friendliness of aluminum barrier laminate tubes, in comparison with ordinary plastic tubes, is also projected to boost their demand in the near future, propelling this market immensely.
Some of the leading players functioning in the global aluminum barrier laminate tubes market across the world are Essel Propack Ltd., Pirlo GmbH & Co. KG, Hoffmann Neopac AG, Linhardt GmbH & Co. KG, Montebello Packaging Inc., Impact International Pty. Ltd., Huhtamaki Oyj, Ambertube International, Tubapack S.A., and Intrapac International Corp.
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