The global laminated tube closure market size is estimated to witness significant growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is projected to surpass a valuation of USD 134.6 million in 2023. It is predicted to touch a valuation of USD 193.6 million by 2033. The market is expected to advance at a CAGR of 3.7% from 2023 to 2033.
Tube packaging is mostly the choice of consumers because of the ease of use, portability, and easy transportation which results in increasing the laminated tube closure sales. A tube is made up of aluminum or plastic and is primarily used for containing liquids such as toothpaste, ointments, beauty creams, adhesives, etc. Changing consumer preferences create demand for tube packaging.
Tube closures are the devices that are used to seal or close the tube. Laminated tubes are multilayer tubes with some barrier film buried inside them which helps in protecting the content of the tube from the air, moisture, UV rays, and other contaminations. They provide a barrier to dirt, moisture, oxygen, etc., and also keep the product secure from undesired premature openings.
| Attribute | Details |
|---|---|
| Laminated Tube Closure Market Share (2022) | USD 129.8 million |
| Laminated Tube Closure Market Share (2023) | USD 134.6 million |
| Laminated Tube Closure Market Share (2033) | USD 193.6 million |
| Laminated Tube Closure Market Share (2023 to 2033) | 3.7% |
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One of the significant factors contributing to the growth of the laminated tube closure industry is significant growth in the packaging industry with innovative packaging and excellent barrier properties.
The laminated tube closures are unbreakable, leak-proof, durable, and lightweight. These tube closures deliver excellent saleability and also help to increase attraction to these tubes which are the leading drivers of the growth of the laminated tube closure sector.
Another growth factor of the laminated tube closure industry is that manufacturers, suppliers, and distributors are satisfied with cosmetic tubes over alternative containers. It is due to the ease of transportation and storage and the economic packaging of tubes.
No market is devoid of challenges and the global laminated tube closure industry is no exception. One of the primary factors restraining market growth is the high cost of manufacturing these image sensors. With rising awareness and government norms, manufacturers showing their interest in eco-friendly packaging solutions may hamper the growth of the market.
The global laminated tube closure industry is witnessing high competition due to the presence of several manufacturers. Most of the laminated tube closures are made of plastic which is against government regulations and policies against the use of plastic. This may be the restraining factor for the growth of the laminated tube closure industry.
Principal Consultant
The global laminated tube closure industry size developed at a CAGR of 2.5% from 2018 to 2022. In 2018, the global market size stood at USD 117.8 million. In the following years, the market witnessed remarkable growth, accounting for USD 129.8 million in 2022.
Laminated tubes are frequently used to package a variety of goods, including food, medicines, cosmetics, personal care items, and for industrial purposes. Further, the market for laminated tube closures is expanding as a result of the rising demand for laminated tubes as a preferred packaging solution. The benefits of laminated tubes include product protection, barrier qualities, a prolonged shelf life, usability, and aesthetic appeal.
The need for laminated tube closures is being driven by the expansion of several industries, including food, personal care, pharmaceuticals, cosmetics, and personal care products. These sectors are growing as a result of expanding consumer awareness, rising disposable income, altering lifestyle trends, and e-commerce development. With this expansion comes a great demand for efficient packaging options, such as laminated tube closures.
| Historical CAGR (2018 to 2022) | 2.5% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 3.7% |
As per the segmentation based on material, the plastic laminated tube closure segment is anticipated to lead the market growth. According to Future Market Insights, the plastic laminated tube closure segment captured 53.5% market share in 2022.
Comparing plastic laminated tube closures to those made of metal or aluminum, they are typically affordable. Since plastic materials are often less costly and frequently available, production costs are reduced. Furthermore, plastic closures are a manufacturer's first option owing to their lower cost, especially for applications requiring high volume. Additionally, due to their small weight, plastic closures are convenient for customers to use and less expensive to transport.
Plastic closures are ideal for portable items because of their minimal weight, which also lowers the packaging's overall weight and lowers shipping costs. Furthermore, plastic closures frequently include handy opening and closing mechanisms, which improve the user experience and convenience.
According to the segmentation based on end-use, the oral care segment is predicted to have remarkable growth during the forecast period. As per FMI, the oral care segment captured a 45.9% share of the global market in 2022.
There is a persistently strong demand for oral care products worldwide due to the significance of oral hygiene and dental health. The market for dental care products continues to expand as a result of increased disposable incomes, changing consumer lifestyles, and growing oral health awareness.
In the oral care market, expansion drives up demand for laminated tube closures. Oral care firms are increasingly choosing high-quality packaging options due to the rising emphasis on premiumization and improving the consumer experience. Moreover, laminated tubes and visually pleasing closures provide the product with a premium appearance and feel that draws customers and exudes a feeling of product quality.
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North America is anticipated to be the dominant market for the global laminated tube closure market followed by Asia Pacific and Europe. North America held a total of 19.5% of the global laminated tube closure industry share in 2022.
Packaging laminated tube closures are being adopted across key industry verticals like pharmaceuticals, and cosmetics as a result of a shift toward lightweight packaging materials to lower overall costs and boost flexibility.
The demand for organic personal care products is increasing among consumers. Growing concerns about healthcare, hygiene, and personal care might also increase the demand for laminated tubes such as ointments, gels, and creams in the pharmaceutical segment. This in turn boosts the growth of the laminated tube closure market.
According to Future Market Insights, Europe accounted for a 16.3% share of the total global laminated tube closure industry in 2022. The increasing scope of applications of laminated tubes in the industrial sector is also one of the prominent reasons for the overall growth of the laminated tube closure industry.
Manufacturers are focusing on an innovative solution, for laminating tube closures so there are upcoming developments seen in the forecast period from this region. In the Europe region, the United Kingdom manufacturers are preferring tubes as packaging solutions due to their sustainable features.
As per the analysis, Asia Pacific is projected to be the most significant market during the forecast period. The expansion of the regional market is attributable to the increasing demand in the cosmetics, and pharmaceutical industries.
The expansion of the regional market is attributable to the increasing disposable income among developing countries such as India, China, and Japan. Additionally, China is showing a significant growth rate among Asia-Pacific countries, owing to its growing economy. Further, Asia Pacific is also expected to have ample growth due to an increase in disposable income and spending power among consumers.
| Country | Forecasted CAGR (2023 to 2033) |
|---|---|
| The United States | 14.9% |
| The United Kingdom | 1.3% |
| China | 5.2% |
| Japan | 5.8% |
| India | 4.8% |
Neopack Tubes, Montebello, Prutha Packaging Pvt. Ltd., Prathista Propack Private Limited, Aay Won Lamitubes & Packaging Solution, Neel Packaging, B DMultipack, and Prism Multipack are some of the start-up companies operating in the laminated tube closure business environment.
Some of the key participants present in the global laminated tube closure industry are Abdos India, IntraPac International Corporation, Amtik Group, Kap Group, Essel Propack Limited, Berry Plastics Corporation, Sibo Group, Pirlo GmbH & Co. KG, Winpak Ltd. among others.
Attributed to the presence of several participants, the market is highly competitive. While global players such as Abdos India, IntraPac International Corporation, Amtik Group, and Kap Group account for a considerable market size. There are several regional-level players also operating across key growth regions, particularly in Asia Pacific.
Recent Development Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASIAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Material, Packaging, Diameter, End-use, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Oral care sector holds high revenue potential.
The United States, China, and Japan is estimated to dominate the global market.
The market is forecast to register a CAGR of 3.7% through 2033.
During 2018 to 2022, the market registered a CAGR of 2.5%.
Technological advancement disrupts the current market trends.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Plastic 5.2. Aluminium 5.3. Glass 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging 6.1. Nozzle 6.2. Flip top 6.3. Screw-on 6.4. Child resistance 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Diameter 7.1. 19-25mm 7.2. 22-40mm 7.3. 35-50mm 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 8.1. Food & Beverage 8.2. Personal & Home Care 8.3. Pharmaceutical 8.4. Cosmetics & Oral Care 8.5. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Abdos India 19.2. IntraPac International Corporation 19.3. Amtik Group 19.4. Kap Group 19.5. Essel Propack Limited 19.6. Berry Plastics Corporation 19.7. Sibo Group 19.8. Pirlo GmbH & Co. KG 19.9. Winpak Ltd. 19.10. Tubopress Italia S.p.A. 20. Assumptions & Acronyms Used 21. Research Methodology
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Laminated Tube Closure Market
