About Laminated Tube Closure
Laminated tube closure provides barrier properties to the product inside it and prevents spilling, it is a cost-effective solution to increase the durability of the product. The closure is flexible and provides scalability and also a better feel and looks of plastic. The laminated tube closure is almost 65-70% of the whole production of tubes that are contributed by the oral care industry followed by the cosmetic industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Laminated Tube Closure market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IntraPac International Corporation (United States), Berry Global, Inc (United States), Pirlo GmbH & Co. KG (Austria), Essel Propack America LLC (United States), Sibo Group d.o.o (Slovenia) and Huhtamaki Oyj (Finland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are PackSys Global (Switzerland) and Illing Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Laminated Tube Closure market by Type (Flip-Top Closures, Child Resistance Closures, Nozzle Closures and Other), Application (Personal & Home Care, Cosmetics & Oral Care, Food & Beverage, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Laminated Tube Closure has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Laminated Tube Closure market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic {HDPE, LDPE, LEPE} will boost the Laminated Tube Closure market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diameter, the sub-segment i.e. 19-25 mm will boost the Laminated Tube Closure market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Laminated Tube Closure in Pharma and Cosmetic Applications
Market Growth Drivers:
Growing Tube Packaging Industry and The Need for the Flexibility, Better Sealability for the Tube Packaging to Protect from any Kind of Leakage
Challenges:
Traditional Packaging Solution Might Hamper the growth of Laminated Tube Closure Market
Restraints:
Adverse Impact of Laminated Tube Closure on Environment might be the Hindrance
Opportunities:
Increased Spendings on Packaging Industry will Boost the Laminated Tube Closure Market
Market Leaders and their expansionary development strategies
In August 2019 Alba, the world”s largest manufacturer of laminate tubes for cosmetics and oral care packaging, has further invested in Nilpeter technology with the acquisition of new FA-presses for company sites in India, Brazil, and Poland. Most have already been installed, with installation on going in Brazil.
In April 2020, Huhtamaki has completed the acquisition of full ownership of its joint venture company Laminor S.A. in Brazil. Laminor is specialized in high-quality tube laminates, particularly for oral care applications, and was set up in 2002 as a 50/50 joint venture together with Bemis Company, which is now part of Amcor. The acquisition enables Huhtamaki to expand its tube laminate business, an important part of the Group’s flexible packaging offering. Laminor has approximately 130 employees and its net sales in 2018 were approximately EUR 25 million. The additional shares were acquired at a price of approximately EUR 30 million.
Key Target Audience
Laminated Tube Closure Manufacturers, Laminated Tube Closure International Traders, Laminated Tube Closure Distributors and Suppliers, Research and Development Institutes, Potential Investor, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.