The global aluminum
barrier laminate (ABL) tubes market is
highly competitive, thanks to the presence of a number of players, states a new
report by Transparency Market Research (TMR). The leading companies in this
market rely heavily on technological advancements of their existing products in
an effort to strengthen their position among consumers. However, the
competition within the market is expected to intensify further and the leading
players are projected to shift their focus towards expanding their regional
reach in the near future. Ambertube, Pirlo, Essel Propack, Montebello
Packaging, Linhardt, Hoffmann Neopac, Impact Int., Tubapack, Huhtamaki, and
Intrapac Int. are some of the leading players in this market, reports the
research study.
As per the report’s estimations, the overall opportunity in
the global market for aluminum barrier laminate tubes touched US$772.3 mn by
2017 end. Analysts anticipated the market to proliferate at a CAGR of 5.50%
over the period from 2017 to 2022 and attain US$1.01 bn by the end of the
period of the forecast. In terms of capacity, the 50 to 100 ml aluminum barrier
laminate tube segment witnesses a relatively greater demand across the world
and this trend is predicted to remain so over the next few years.
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On the basis of geography, the worldwide market for aluminum
barrier laminate tubes registers its presence across the Middle East and Africa
(MEA), Latin America, North America, Europe, Asia Pacific excluding Japan
(APEJ), and Japan. Among these, Europe has surfaced as the market leader and,
expanding at a CAGR of 5.50% between 2017 and 2022, this regional market is
anticipated to continue on the top over the forthcoming years, states the
market report.
Increasing Demand for Premium Consumer Goods to Boost
Market
“The global market for aluminum barrier laminate tubes has
gained significant momentum, thanks to the constant rise in the packaging
sector across the world,” says an analyst at TMR. Globally, aluminum barrier
laminate tubes find substantial application in premium consumer goods, such as
premium oils, antiseptics, dental creams, and adhesives, and, these days, they
are also being thoroughly utilized in the packaging of food products. The augmenting
demand for premium consumer goods is expected to drive the growth of the
worldwide market for aluminum barrier laminate tubes in the years to come,
states the research report.
High Cost to Limit Uptake
On the other hand, the high cost of aluminum barrier
laminate tubes is expected to limit their reach among consumers across the
world, leading to a slowdown in the growth rate of this market to some extent
in the near future. However, the rising awareness among consumers regarding the
environment-friendliness of aluminum barrier laminate tubes, when compared to
ordinary plastic tubes, is also anticipated to fuel their demand over the next
few years, propelling this market tremendously, notes the research study.
The review is based on a report by Transparency Market
Research, titled “Aluminum Barrier Laminate (ABL) Tubes Market (Capacity –
Less than 50 ml, 50 to 100 ml, 101 to 150 ml, and Above 150 ml; End User –
Cosmetics, Oral Care, Commercial, Pharmaceuticals, Home and Other Personal
Care, and Food; Cap Type – Stand-up Cap, Nozzle Cap, Fez Cap, and Flip Top Cap)
– Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022.”
The global aluminum barrier laminate (ABL) tubes market is
classified into:
By Capacity
- Less
than 50 ml
- 50
to 100 ml
- 101
to 150 ml
- Above
150 ml
By End User
- Cosmetics
- Oral
Care
- Commercial
- Pharmaceuticals
- Home
and Other Personal Care
- Food
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By Cap Type
- Stand-up
Cap
- Nozzle
Cap
- Fez
Cap
- Flip
Top Cap
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