Aluminum Barrier Laminate Tubes Market - ntensified Competition to Shift Players’ Focus on Regional Expansions
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On the basis of geography, the worldwide market for aluminum barrier laminate tubes registers its presence across the Middle East and Africa (MEA), Latin America, North America, Europe, Asia Pacific excluding Japan (APEJ), and Japan. Among these, Europe has surfaced as the market leader and, expanding at a CAGR of 5.50% between 2017 and 2022, this regional market is anticipated to continue on the top over the forthcoming years, states the market report.
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“The global market for aluminum barrier laminate tubes has gained significant momentum, thanks to the constant rise in the packaging sector across the world,” says an analyst at TMR. Globally, aluminum barrier laminate tubes find substantial application in premium consumer goods, such as premium oils, antiseptics, dental creams, and adhesives, and, these days, they are also being thoroughly utilized in the packaging of food products.
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The augmenting demand for premium consumer goods is expected to drive the growth of the worldwide market for aluminum barrier laminate tubes in the years to come, states the research report.
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