The Tube Laminating Films Market is projected to rise to USD 2.63 billion in 2023. The tube laminating films is estimated to reach USD 4.32 billion with a CAGR of 5.1% by 2033.
The demand for tube laminating films is likely to rise as it is used for packaging food, pharmaceuticals, personal care, and industrial applications. The adoption of tube laminating films is a cost-effective packaging solution and extends the shelf life of the product.
It maintains the form and shape of the product with its multiple layers of foil are likely to increase the tube laminating films market share.
| Report Attribute | Details |
|---|---|
| Tube Laminating Films Market Value (2023) | USD 2.63 billion |
| Tube Laminating Films Market Anticipated Forecast Value (2033) | USD 4.32 billion |
| Tube Laminating Films Market Projected Growth Rate (2023 to 2033) | 5.1% |
Tube laminating films market outlook states that during the packaging process, the flexible and soft exteriors provide excellent sealable features, which are likely to raise the demand for tube laminating films by end-users.
The tube laminating films provide safe sealing performance and enable quality printing which is anticipated to rise the tube laminating films market growth.
The tube laminating films are primarily used in the production of tubes for cosmetics, toothpaste, and other foodstuffs, etc. Huge production in these industries is likely to increase the tube laminating films market growth during the forecast period.
The adoption of tube laminating films is rising due to their chemical resistance packaging of the product as well as providing maximum product safety.
Expanding tube laminating films market size is attributed to its much more affordable price & transparency as compared to other alternatives, including UV coating. The tube laminating films are cost-effective, which is anticipated to increase the sales of tube laminating films during the forecast period.
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Drivers:
The growing usage of flexible packaging in pharmaceutical, personal care as well as food products is expected to boost the tube laminating films market share. Nowadays, manufacturers are seeking lightweight packaging products to lower the additional cost incurred in transportation, which raises the sales of tube laminating.
Further, innovations & flexible packaging in the industry require lesser energy and allow higher performance which is anticipated to increase the tube laminating films market opportunities.
The surge in FDI in the manufacturing sector coupled with government initiatives is projected to result in an upward trend for tube laminating films.
Also, the smart city project in India is expected to boost the overall manufacturing and retail market. This is likely to increase the adoption of tube laminating films during the forecast period.
Cosmetics and healthcare are anticipated to be the fastest-growing end-use sectors which are raising the demand for tube laminating films across the globe. The usage of flexible packaging in the food and beverage industry is expected to boost the tube laminating films market size over the forecast period.
The following factors may restrain the tube laminating films market growth in the forecast period are:
In terms of geography, the global tube laminating films market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Europe is projected to witness impressive growth in the tube laminating films market acquiring 27% of the share over the forecast period.
The demand for packaged food products and personal care is rising in the region which is likely to increase the tube laminating films market size.
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North America is likely to hold second place in the tube laminating films market by acquiring 22% of the share all around the regions during the forecast period.
Further, significant investments in new manufacturing facilities in the region are likely to post perpetual demand for tube laminating films. Growth in the Pharmaceutical industry is another reason for to rise in the tube laminating films market growth in recent years.
The tube laminating films start-up market is creating and developing new ideas and methods to carry out a unique product to be launched in the market. Start-up companies are using minimum materials to make advanced standard and long-lasting products with high techniques.
One of the start-up companies named 3D Neopac has upgraded the tube with eco-design and PCR quality. Recently, the company also came up with a Spring tube kraft to stop plastic usage. Hence, the start-up is innovating various eco-friendly, budget-friendly, and less-material-used products to carry out in the marketplaces in the coming years.
The tube laminating market is fragmented by manufacturers, key players, and government regulations. The prominent end-use industry is going through the research and analysis of the newly launched products with the consumer's demand.
These industries are using several advanced technologies to come up with innovative product which is sufficient for consumers. Therefore, they are using several marketing tactics such as partnerships, acquisitions, mergers, product launches, and many more.
Recent Developments in the Tube Laminating Films Market are:
Producing newly innovative & highly sophisticated tube laminating films with saving material and providing a standard of materials is a path of development in the market.
Developments of Tube Laminating Films in the Cosmetic & Oral Hygiene Industry:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Product Type, By Material, By Application, By Region |
| Regions Covered | North America; Latin America; Europe; Asia-Pacific; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Mondi Group; ESSEL PROPACK LIMITED; Cosmo Films Ltd.; Drytac Corporation |
| Customization | Available Upon Request |
In 2023, North America is anticipated to hold a 22% market share.
Asia Pacific tube laminating film market could be worth USD 12.8 billion by 2033.
India is anticipated to experience exponential expansion, with a CAGR of 6.5%.
Increased disposable incomes, expanding personal care and cosmetics product demand.
The key trend driving the tube laminating film market is the demand for flexible packaging.
| Market Value (2023) | USD 27,090.1 million |
|---|---|
| Market Anticipated Value (2033) | USD 54,294.8 million |
| Market CAGR (2023 to 2033) | 7.2% |
| Estimated Market Value (2022) | USD 33.8 Million |
|---|---|
| Projected Value (2032) | USD 188.4 Million |
| CAGR (2022 to 2032) | 18.7% |
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Tube Laminating Films Market
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