Future Market Insights
Tube laminating films are used for packaging of food, pharmaceuticals, personal care and industrial applications. Tube laminating films are a cost effective solution for packaging that not only extends the shelf life of the product but also maintain its form and shape with multiple layers of foil. During the packaging process, their flexible and soft exteriors provides excellent sealability features as well. Other benefits associated with the tube laminating films are that these films provide safe sealing performance and enables quality printing etc. These types of films are primarily used in the production of tubes for cosmetics, toothpaste and other foodstuffs etc.
Tube laminating films: Dynamics
The growing usage of flexible packaging in pharmaceutical, personal care as well as food products is expected to boost the demand for tube laminating films. Nowadays, manufacturers are seeking light weight packaging products for lowering the additional cost incurred in transportation. Hence, flexible packaging is one of the latest trend among food and beverage manufacturers. Further, innovations in the packaging industry has led to the formulation of products that require lesser energy in production and allowing higher performance. Surge in FDI in the manufacturing sector coupled with government initiatives is projected to result in upward trend in demand for tube laminating film. As per the BRICS association, the region contributes one fifth of overall FDI influx across the globe. Also, smart city project in India is expected to boost overall manufacturers and retail market, which in turn, is expected to create lucrative opportunities for players engaged in manufacturing of tube laminating films for packaging. Cosmetics and healthcare are anticipated to be the fastest growing end use sectors, accounting for substantial demand of tube laminating films across the globe. Usage of flexible packaging in food and beverage industry is expected to have direct impact on the growth of tube laminating films market over the forecast period.
Due to stringent regulations regarding emissions, demand for solvent based laminating films from the food industry has reduced significantly due to high content of volatile substances and this can prove to a hindrance for growth in the tube laminating films market.
Tube laminating films Market: Segmentation
On the basis of material, the global tube laminating films market is segmented into,
On the basis of product type, the global tube laminating films market is segmented into,
On the basis of applications, the global tube laminating films market is segmented into,
Tube laminating films Market: Region wise Outlook
In terms of geography, the global tube laminating films market is divided into five regions. Out of which, Asia Pacific is projected to witness an impressive growth in the tube laminating films market over the forecast period. Sales in tube laminating films market is mainly driven by the growth in the developing economies like India and China, where the demand for packaged food products and personal care is anticipated to increase at a healthy rate over the forecast period. Further, significant investments in new manufacturing facilities in Asia Pacific is likely to post perpetual demand for tube laminating films market. Middle East & Africa and Latin America are expected to witness sluggish growth over the forecast period, while Europe and North America are expected to witness an average growth in the tube laminating films market.
Tube laminating films Market: Key Players
Some of the key players of tube laminating films market are Mondi Group, ESSEL PROPACK LIMITED, Cosmo Films Ltd., Drytac Corporation and many more.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments such as application, material, printing technology and geographies.