Laminated Tubes Market to Witness Robust Expansion throughout the Forecast 2021 – 2031

Laminated Tubes Market Snapshot
The laminated tubes market revenue totaled US$ 940 Mn in 2020, according to Future Market Insights (FMI). The overall laminated tubes market is expected to reach US$ 1.8 Bn by 2031, growing at a CAGR of 6.3% for 2020- 31.

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.

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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.

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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.

What Is the Impact of COVID-19 Pandemic on the Global Laminated Tubes Market?
It has been witnessed that consumers are more conscious about safety and maintaining good hygiene habits.

Due to the COVID-19 outbreak, the preference for safe, secure, reliable and hygienic pharmaceutical packaging has increased. As the demand for hand sanitizers and sprays increased during the pandemic, the laminated tube manufacturers invented new laminated tube hand sanitizers.

For Instance,

In April 2020, Albea S.A., the laminated tube manufacturer has introduced cleansing hand gel as laminated tubes for hand sanitizer, lotions, and hand soap.
In the wake of the pandemic, people have become more conscious about health, hygiene, and cleanliness. Therefore, the demand for laminated tubes of antiseptic creams, gels, and ointments has increased, in turn creating opportunities for the expansion of the market.

Additionally, oral care laminated tubes are expected to register steady and continuous growth due to oral hygiene awareness.

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