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Laminated Tubes Market Size

  • Report ID: GMI11923
  • Published Date: Oct 2024
  • Report Format: PDF

Laminated Tubes Market Size

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.
 

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.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for laminated tubes was valued at USD 1.6 billion in 2023 and is expected to reach USD 2.9 billion by 2032, driven by a CAGR of 6.9% from 2024 to 2032.

The consumer goods segment is the fastest-growing segment with a CAGR of over 7% between 2024 and 2032, due to the increasing demand for innovative and convenient packaging solutions.

The North America market held over 30% of the global market share in 2023, driven by increasing consumer demand for convenient and sustainable packaging solutions.

Major players in the industry include Albea Group, Alltub Group, Amcor, Antilla Propack, Berry Global, BRK Packwell, Burhani Packaging, CTLpack, EPL, Hoffmann Neopac, and Huhtamaki.

Laminated Tubes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 250
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