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The global laminated tubes market was valued at USD 1.6 billion in 2023 and is estimated to grow at a CAGR of 6.9% from 2024 to 2032. The shift toward sustainable and eco-friendly packaging is one of the key factors driving growth in the market.
As consumers and regulatory bodies increasingly prioritize environmental responsibility, companies are embracing eco-friendly practices, including the use of recyclable and biodegradable materials. Laminated tubes can be engineered to reduce waste and facilitate recycling, which aligns perfectly with the principles of the circular economy. This transition not only boosts brand reputation but also caters to consumer preferences for sustainable alternatives, driving market growth as businesses strive to innovate and stand out in a competitive landscape.
Report Attribute | Details |
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Base Year: | 2023 |
Laminated Tubes Market Size in 2023: | USD 1.6 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 6.9% |
2024 – 2032 Value Projection: | USD 2.9 Billion |
Historical Data for: | 2021-2023 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 360 |
Segments covered: | Material, Capacity, Application, End-use Industry |
Growth Drivers: |
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Pitfalls & Challenges: |
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For instance, in April 2023, Kimpai Lamitube partnered with Dow Thailand Group to launch Thailand's first recyclable laminated toothpaste tube, made from mono-material plastic. Recognized by the Association of Plastic Recyclers, this innovation aims to support the circular economy by reducing plastic waste, using Dow's advanced resins for enhanced recyclability across various personal care products. The new recyclable tube utilizes Dow’s ELITETM and DOWLEXTM resins of High Alpha-Olefins Polyethylene to achieve an balance of toughness and high-density requirements.