Published on : Dec 15, 2017
Albany, New York, December 15, 2017: In the present time, consumer prefer visually appealing products along with high protection for the contents. Therefore, manufacturers are constantly looking for packaging techniques with enhanced features. With features such as enhanced tube design, transparent look and feel, barrier properties, leak-proof nature, and capability for high graphic flexo printing technology, laminated tubes are fast becoming the most preferred packaging type in the cosmetics, oral care, and pharmaceutical industries globally. Recently, a new study on the global demand for laminated tubes has been assembled by analysts, which is titled as “Laminated Tubes Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 – 2027” and has been broadcasted to the vast archive of Market Research Hub (MRH).
According to this precise study, the global laminated tubes market is expected to rise at an impressive CAGR of 13.3% between 2017 and 2025. Also, it is expected to touch a revenue valuation of US$2852.4 Mn by the end of 2027 from its value of US$821.9 Mn in 2017. The burgeoning demand for aesthetic packaging of cosmetic products which can also provide superior protection barriers to contents by preserving fragrance, flavor, and moisture is boosting the market. The wide demand for attractive as well as highly functional packaging options for packing a variety of hair care and skin care products is stoking the demand for laminated tubes.
In the first part, the report comprises an elaborate executive summary, which includes market snapshot that provides information about several segments. The market has been segmented on the basis of product type, capacity, cap type and end-use and geography. Major product type includes Plastic Barrier Laminate (PBL) Tubes, Aluminum Barrier Laminate (ABL) Tubes, Nylon Barrier, Ethylene Vinyl Alcohol Polymer (EVOH) Barrier and Polyester Barrier.
In terms of end-use, an increasing adoption of laminated tubes in oral care, in the form of packaging for toothpaste and mouthwash gels has propelled the oral care segment by end use to the top position in terms of market share in the global laminated tubes market. Also, the cosmetics and personal care market are surging ahead with superfast growth in the Latin America, APEJ, and MEA regions owing to increasing consumer demand for skin care and hair care products, which are packed in laminated tubes. Plastic Barrier Laminate (PBL) is the largely used laminated tube for hair care and skin care products.
From a geographical standpoint, APEJ is predicted to rise at the dominant CAGR of 17.3% during 2017–2027 and is expected to emerge as the leading market.
Later, an important section of the report is based on the competitive landscape which provides a dashboard view of the top companies operating in the global laminated tubes market along with detailed company profiles including overview, financials, business strategies, and recent market developments. Key companies include Montebello Packaging Inc., Linhardt GmbH & Co KG, Tubopress Italia Spa, Ctl-Th Packaging Sl, CCL Industries Inc., Berry Global Group, Inc., Albea S.A., Burhani Group of Industries, Pirlo GmbH & Co KG, Tubapack A.S., Lajovic Tuba D.O.O., and Huhtamaki Oyj.
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