Future Market Insights
Laminated Tube Closure Market-Introduction:
The changing customer preference for packaging is leading the demand for tube packaging. The 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 market. A tube is a hollow and cylindrical container mostly made up of aluminum or plastic and primarily used for containing liquids such as toothpaste, ointments, beauty creams, adhesives etc. Both the ends of the tube are treated in different ways during manufacture and filling processes. One end is closed by closures or caps while the other end of the tube is sealed or folded after addition of content in the tube. Tube closures are the devices which are used to seal or close the tube. They provide a barrier to dirt, moisture, oxygen etc. and also keep the product secure from undesired premature opening. Laminated tubes are the multilayer tubes with some barrier film buried inside it which helps in protecting the content of tube with air, moisture, UV rays and other contaminations. Packaging in a tube has now become a popular option for personal care, homecare, cosmetic & oral care and pharmaceutical packaging and now achieving a higher share in the past few years.
Laminated Tube Closure Market - Market Dynamics:
One of the significant factors contributing towards the growth of laminated tube closure market is significant growth in the packaging industry with innovative packaging and excellent barrier properties. Another factor fueling the growth of laminated tube closure market is the printing and decorating on laminated tubes helps in brand promotion which in turn increase sales of the product. The laminated tube closures are unbreakable, leak proof, durable, light weight, deliver excellent sealability and also helps to increase attraction to these tubes which are the major driver towards the growth of laminated tube closure market. Another factor towards the growth of laminated tube closure market is that manufacturers, suppliers and distributors are more satisfied with cosmetic tubes over the alternative containers due to ease in transportation and storage and the economic packaging of tubes. However, the global laminated tube closure market is witnessing high competition due to the presence of a large number of manufacturers and most of the laminated tube closure are made of plastic which is against the governmental regulations and policies against the use of plastic. These can be the restraint factors towards the growth of laminated tube closure market.
Laminated Tube Closure Market - Market Segmentation:
The laminated tube closure market can be segmented on the basis of material, packaging, diameter and end use type. On the basis of material type, the laminated tube closure market can be segmented into plastic (HDPE, LDPE, LEPE), aluminum and glass. On the basis of packaging type, the laminated tube closure market can be segmented into nozzle closures (conical and stand up), flip top closures, screw on closures, child resistance closures and others. On the basis of diameter type, the laminated tube closure market can be segmented into 19-25 mm for child resistance closures, 22-40 mm for stand up closures, 35-50 mm for flip top closures and many others. On the basis of end use type, the laminated tube closure market can be segmented into food & beverage, personal & home care, pharmaceutical, cosmetics & oral care and others.
Laminated Tube Closure Market - Regional Outlook:
The laminated tube closure market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Asia Pacific is the leading manufacturer of the cosmetic industry, and cosmetic tubes, being its major segment, has the largest share in the laminated tube closure market due to demand for innovative and sustainable packaging in emerging economies such as India and China among others. Europe and North America is expected to have significant growth in the laminated tube closure market majorly due to increasing consumer spending and per capita income. Moreover, the consumer choice from traditional packaging to innovative packaging in parts of the Middle East and Africa, which in turn helps the laminated tube closure market to grow even more in the future.
Laminated Tube Closure Market - Major Players:
Some of the major Key players identified across the globe in the laminated tube closure market are Abdos India, IntraPac International Corporation, Amtik Group, Kap Group, Essel Propack Limited, Berry Plastics Corporation, Sibo Group, Pirlo GmbH & Co. KG, Winpak Ltd.
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