Valley Cottage, NY -- (SBWIRE) -- 11/24/2017 -- The laminated tubes market is currently witnessing significant growth and is anticipated to grow across key regional markets in the coming decade. Future Market Insights captures the pulse of the global laminated tubes market in a new publication, which focusses on the global and regional market forecasts and tracks the impact of drivers, restraints, and trends on the global market. The report also studies the opportunities available to manufacturers of laminated tubes across the various regional markets. A detailed segmentation of the market helps estimate the value and volume projections for a period of 10 years from 2017 to 2027.
Future Market Insights' analysis points to a revenue growth of US$ 2852.4 Mn by the end of 2027 up from US$ 821.9 Mn in 2017, reflecting a CAGR of 13.3% during the forecast period.
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The main drivers boosting the growth of the global laminated tubes market is an increasing demand for laminated tubes from the cosmetics industry – specifically the hair care and skin care industries. The steady replacement of aluminium tubes by laminated tubes in the pharmaceutical, personal care, and cosmetics industries is another key growth driver.
The market is not devoid of challenges. Rising competition from substitute packaging formats such as stick packs and airless pumps might pose a restraint to the growth of the global laminated tubes market in the coming decade. Further, a rising intolerance towards plastic and governmental regulations to ban plastic is restricting global market growth of laminated tubes.
The ABL segment by product type is anticipated to dominate the market in terms of market share, estimated to represent more than 3/4th of the overall global laminated tubes market by 2027
In terms of capacity, the 50 ml to 100 ml segment will witness lucrative growth and gain 220 basis points in 2027 over 2017
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Future Market Insights tracks the performance of the global laminated tubes market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). APEJ will dominate the global market in terms of value share by the end of the forecast period – anticipated to hold about 34% value share by 2027 end.
The report profiles some of the leading players operating in the global laminated tubes market such as Essel Propack Ltd., Albea S.A., Berry Global Group, Inc., CCL Industries Inc., Ctl-Th Packaging Sl, Montebello Packaging Inc., Tubopress Italia Spa, Linhardt GmbH & Co KG, Hoffmann Neopac Ag, Intrapac International Corporation, Huhtamaki Oyj, Perfektup Ambalaj Sanayi Ve Ticaret Anonim Sirketi