The Laminated Tubes Market Is Expected To Reach US$ 1.8 Bn By 2031, Growing At A CAGR Of 6.3% For 2020- 2031

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.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4301

2012-2020 Laminated Tubes Market Outlook Compared to 2021-2031 Forecast

As per FMI analysis, the global laminated tubes market revenue is likely to double over the next decade. This growth is attributed to the expansion of the oral care industry.

Laminated tubes are gaining traction since the past three years as these tubes offer combined positive aspects of plastic and metals. Laminated tubes were primarily used for the packaging of high-volume products such as toothpaste. However, now these tubes have applications across varying sectors, from adhesives and acrylic oil paints to cosmetic and pharmaceutical products.

The surging scope of application of laminated tubes can be attributed to their tough barrier resistance. The plastic material used in the laminated tubes has barrier strength close to those of alumina. Because of the same, laminated tubes limit the contact of air with the stored product with air, moisture, and strong light, which might deteriorate the quality of the product and make it useless. On the back of this, the consumption of laminated tubes at the global level is expected to double in comparison to in the past decade.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-4301

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.

Ask from the Market Research Expert @ https://www.futuremarketinsights.com/askus/rep-gb-4301

Competitive Landscape

Companies operating in the laminated tubes market are aiming at strategic partnerships with other manufacturers to expand their product manufacturing capabilities and product portfolio, besides focusing on sustainability and innovation. For instance:

• In March 2021, Independent authority, RecyClass certified Huhtamaki blueloop laminate tubes to be fully recyclable.
• In December 2020, , Hoffman Neopac AG introduced Europe’s first mono-layer barrier tubes to receive product approval and full RecyClass Technology
• In June 2021, Erpro 3D and Albea S.A. factory joined a partnership to drive innovation in cosmetics with industry leader HP Multi Jet Fusion 3D printing technology.
• In June 2021, EPL Limited is partnered with Uniliver to achieve sustainability in the oral care segment. The EPL Ltd. will supply Unilever APR approved fully sustainable and 100% recyclable toothpaste category Platina Tubes. The EPL Ltd. companies Platina Tube are entirely recyclable and fully sustainable tubes accredited by APR (The Association of Plastic Recyclers)