+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Global Aluminum Barrier Laminate (ABL) Tubes Market: Players to Focus on Expanding Regional Presence, Observes TMR

Posted on Oct 26, 2017

Characterized by the presence of a massive pool of established participants, the global aluminum barrier laminate tubes market appears highly competitive, states a new research report by Transparency Market Research (TMR). Thus far, the leading companies, such as Ambertube, Essel Propack, Pirlo, Montebello Packaging, Hoffmann Neopac, Linhardt, Impact Int., Huhtamaki, Tubapack, and Intrapac Int., have been relying upon the technological advancements of their products in a bid to strengthen their businesses. However, with the rising competition within the market, these players are likely to focus on expanding their regional presence to gain an edge over their rivals, notes the research study.

According to TMR’s estimations, the worldwide market for aluminum barrier laminate tubes will arrive at US$772.3 mn by 2017. The opportunity in this market is projected to further rise at a CAGR 5.50% during the period of 2017–2022 and reach a value of US$1.01 bn by the end of the forecast period. 50 to 100 ml aluminum barrier laminate tubes enjoy a relatively higher demand across the world and are likely to remain doing so over the next few years, states the research report.

global aluminum barrier laminate abl tubes market

Rising Demand for Premium Consumer Goods to Boost Market’s Growth

“The global market for aluminum barrier laminate tubes is observing a noticeable surge in its valuation, thanks to the significant rise in the packaging industry across the world,” says a TMR analyst. Across the world, aluminum barrier laminate tubes majorly find application in premium consumer goods, such as premium dental creams, antiseptics, oils, and adhesives, and, nowadays, they are also being utilized for the packaging food products. With the rising demand for premium consumer goods, the worldwide market for aluminum barrier laminate tubes is anticipated to witness a significant rise in the years to come.

Going forward, the increasing awareness among consumers pertaining to the eco-friendliness of aluminum barrier laminate tubes, in comparison with ordinary plastic tubes, is also projected to boost their demand in the near future, propelling this market tremendously. However, the high cost associated with aluminum barrier laminate tubes may limit their reach among consumers, leading to adverse impact on the growth of this market in the near future, states the research report.

Europe to Maintain its Dominance in Near Future

The research report also evaluates the global aluminum barrier laminate tubes market on the basis of its regional presence. As per the research study, Asia Pacific excluding Japan (APEJ), the Middle East and Africa (MEA), Latin America, Europe, North America, and Japan are the main regional markets for aluminum barrier laminate tubes across the world.

Thanks to the high purchasing power of people, enabling them to afford premium consumer goods, Europe acquired the leading position in the global market. Ensuring its dominance over the period of the forecast, the Europe market for aluminum barrier laminate tubes is anticipated to register a CAGR of 5.50%, reports the market study.

The review is based on a report by Transparency Market Research (TMR), 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.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top