Press release
Lotion Tubes Market is Predicted to Grow USD 716.9 Million by 2034: Future Market Insights, Inc.
Lotion Tubes Market
A key driver behind this market growth is the increasing popularity of aluminium barrier laminated tubes, which are widely used for packaging a range of products including antiseptics, adhesives, essential oils, creams, ointments, and toothpaste.
These collapsible tubes are highly customizable, offering significant advantages for different applications. With their robust aluminium barrier layer, these tubes provide superior protection against air, light, and moisture, helping to preserve product integrity and enhance shelf life.
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In addition to their functional benefits, aluminium barrier laminated tubes are also recognized for their branding potential. The use of decorative elements such as custom designs, embossing, and printing makes them an attractive choice for companies looking to make their products stand out on the shelves.
The aluminium barrier effectively prevents the absorption of external flavours and odors, maintaining the purity of the product. These tubes are particularly ideal for precise dispensing, ensuring that products are applied in a controlled and hygienic manner.
Unlike traditional packaging, the collapsible nature of these tubes holds the squeezed shape, preventing them from returning to their original form, thus allowing for easy and consistent dispensing.
The lotion tube market is poised to continue expanding as industries increasingly recognize the value of aluminum barrier laminated tubes for their superior product protection, customization options, and branding potential. As the demand for innovative and effective packaging solutions grows, the market for lotion tubes is expected to flourish over the coming decade.
Key Takeaways From the Lotion Tubes Market
• The global lotion tube industry experienced a steady growth with a CAGR of 2.5% from 2019 to 2023.
• The market value of the lotion tube industry rose from USD 431.2 million in 2019 to USD 476.7 million in 2023.
• China is forecasted to dominate the lotion tube market with an expected 55% market share by 2034, growing at a CAGR of 4.9%.
• Germany's lotion tube market share is estimated to reach 20% by 2034, with a growth rate of 1.6%.
• Plastic Barrier Laminated (PBL) Tubes are anticipated to hold a 31.2% market value share by 2034.
• Aluminium is projected to show significant growth, capturing 54% of the market share by 2034.
Competitive Landscape
Several major companies in the lotion tube market are making considerable investments in innovation, research, and development to discover new uses and improve existing offerings. Using technology, these businesses focus safety, product quality, and customer pleasure in order to grow their consumer base.
To address sustainability demands, key lotion tube manufacturers are focused on providing recyclable material packaging as well as packaging solutions. They are pursuing a merger and acquisition strategy to increase company resources and producing new items to fulfill customer demands.
Recent Industry Developments in Lotion Tubes Market
• In June 2024, the LINHARDT Group bought Pioneer Extruders Pvt. Ltd. and Jeevanlakshmi Packaging Solutions Pvt. Ltd.
• Hoffmann Neopac AG released Polyfoil Sensation, a new cosmetics tube line, at its Wilson, North Carolina plant in May 2024.
• Berry Global Group Inc. and Mitsubishi Gas Chemical Company, Inc. collaborated in March 2024 to create MXD6, a recyclable barrier solution for thermoformed items, plastic tubes, jars, and bottles.
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Key Players of Lotion Tubes Industry
• Essel Propack Ltd
• Montebello Packaging
• Alltub SAS
• Hoffman Neopac AG
• Albea S.A.
• CCL Industries Inc.
• Berry Global Group, Inc.
• Precision Concepts Inc
• Pack-Tubes
• Antilla Propack
• Ctl-Th Packaging
• Tubopress Italia Spa
• Huhtamaki Oyj
• ALPLA Group
Key Segments of Lotion Tubes Industry
By Product:
In terms of product, the industry is divided into aluminum barrier laminated (ABL) tubes, plastic barrier laminated (PBL) tubes, aluminum tubes, and plastic co-extrusion tubes.
By Material:
In terms of material, the industry is segregated aluminum, ethylene vinyl alcohol (EVOH), and polyester (PET).
By Capacity:
The industry is classified by capacity as less than 50 ml, 51 to 100 ml, and above 100 ml.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East and Africa (MEA), have been covered in the report.
Have a Look at Related Research Reports on the Packaging Domain:
Pressure Sensitive Tapes and Labels Market - https://www.futuremarketinsights.com/reports/pressure-sensitive-tapes-and-labels-market
Food Processing Seals Market - https://www.futuremarketinsights.com/reports/food-processing-seals-market
China Packaging Primers Market - https://www.futuremarketinsights.com/reports/china-packaging-primers-market
USA Stretch Hood Films Market - https://www.futuremarketinsights.com/reports/usa-stretch-hood-films-market
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Future Market Insights Inc.
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Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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