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Research Reports

Laminated Tubes Market Research Report 2020 – Global Forecast till 2026

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Packaging plays a crucial role today and serves diverse purposes such as brand promotion and attracting customers for driving sales. As per Future Market Insights (FMI), these factors will enable laminated tubes sales growth at 6.3% CAGR between 2021 and 2031.

Consumers are switching from rigid packaging such as plastic and aluminum packaging tubes to flexible laminated tube packaging. They mostly prefer hygienic, durable, and visually appealing product packaging that also offer high protection of the contents inside the tube.

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.

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.

projected bps change in market share for key segments in global laminated tubes market 2021 2031 - Global Banking | Finance
Laminated Tubes Market

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.

 “With increasing consumer focus on oral hygiene and a shift in preference towards visually appealing, hygienic, and premium quality cosmetic products are creating opportunities for laminated tubes market growth. These trends also are encouraging manufacturers to focus on innovations to offer more efficient packaging solutions,” says FMI analyst.

Demand in Beauty and Personal Care Industry to Increase

Consumers have become increasingly concerned about the quality and brand value of the cosmetics and personal care products they purchase. Willingness to spend on quality products with premium packaging that will prevent contamination of product packed inside and improve their shelf-life will increase laminated tubes application in the cosmetics sector.

The trend of glossy tubes with sophisticated metallic effects and intricate designs such as realistic photo prints, matte or glossy finishes will help laminated tubes to stand out in the competition.

Rising Intolerance towards the Use of Plastic Likely to Hamper the Market Growth

Concerns related to the environment due to the usage of plastic is negatively impacting the laminated tubes market. Various countries have imposed strict bans and stringent regulations to minimize plastic consumption.

For instance,

  • In March 2019, the European Parliament passed a law to ban single-use plastic. The law stressed the significant environmental, health, and economic impact of certain plastic products.

Plastic-waste dumping in the sea and landfills is the primary global environmental concern today. Many institutions, NGOs, and government authorities are encouraging plastic manufacturing companies to develop environment-friendly, bio-degradable, and recyclable packaging product solutions.

Laminated tubes are made by using multiple layers to protect the product against environmental conditions. They are not recyclable due to their multi-layer nature. Aluminum laminated tubes are recyclable, whereas plastic laminated tubes are not fully recyclable. Thus, the consumer’s awareness and consciousness towards purchasing eco-friendly products and the government ban on plastic consumption

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 Report

Future Market Insights, in its new report, offers an unbiased analysis of the global laminated tubes market, analyzing historical demand from 2012-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the laminated tubes market on the basis of product type (Plastic Barrier Laminates (PBL) (( Ethylene Vinyl Alcohol (EVOH), Polyamide (PA), Polyester (PET)), and Aluminum Barrier Laminates (ABL)), capacity (Less than 50 ml, 50 to 100 ml, 101 to 150 ml, and Above 150 ml), cap type (stand-up cap, nozzle cap, fez cap, flip top cap, and other caps), and end use (cosmetic (hair care, skin care, and others (nail care, nail polish, etc.), oral care, commercial (sealants & adhesives, lubricants, others (specialty grease and pesticides)), pharmaceuticals, home and other personal care (laundry gel, toiletries and hand wash gels, others (sealants and adhesives, etc.), food, and others (paints, crayons, and shoe polish)) across seven regions of the globe.

The post Laminated Tubes Market Research Report 2020 – Global Forecast till 2026 first appeared on Market Research Blog.

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