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.
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.
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“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.
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