Global Aluminum Barrier Laminate Tubes Market
Posted by manisha on December 30th, 2020
Global Aluminum Barrier Laminate Tubes Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.80 % during a forecast period.
The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.
The aluminium has a high intrinsic material value. An aluminium-based laminate contains polyethylene having a density of 0.90-0.96 g/cc. Aluminum barrier laminate (ABL) tubes are cylindrical, hollow pieces that made from plastic with a layer of aluminum. The aluminum barrier laminate tube consists of seven layers that made from different materials like polyethylene two-layer, co-polymer, al foil, co-polymer, and polyethylene two-layer.
Aluminum barrier laminate tubes are widely by manufacturers of cosmetics, pharmaceuticals, and food among others for packaging of different fluids like paint, toothpaste, caulk, adhesive, and ointments. The aluminum foil provides barrier from moisture, light, volatile chemicals, and oils. Currently, it has been possible to recover ever-greater amounts of aluminium, thanks to the combination of the deposit system (beverage cans), the household collection of packaging and appropriate investment in modern collection, sorting and recycling technologies.
Previously, plastic was majorly used by the packaging industry because of its properties and versatility. However, the negative effects on the environment have hampered the wide acceptance of the plastic for the packaging. The rise in awareness of the negative effects has resulted in the adoption of the aluminium based lamination. Also, stringent regulations to regulate the processing and production of plastic is expected to increase the demand for Aluminum barrier laminate tubes for the packaging in the end user industries like pharmaceutical and oral care.
Region-wise, Europe region is expected to hold the dominant position in the global aluminum barrier laminate tubes market. The dominance is attributed to the consumer demand for skin care and hair care products like anti-ageing creams, shampoos, and hair conditioners. High investment in cosmetics and toiletries, demand for beauty products and different pack shape strategies are offering growth opportunities in the region. Consumers prefer lightweight, durable, portable products like perfume and cosmetics, increased focus on health, brands and retailers are some of the prominent factors behind the growth of the regional ABL market.
On the other hand, the emerging economies like China and Japan are offering g a huge opportunity for key players operating in the market because of the growth in the disposable income and changing lifestyle. The rise in demand for cosmetics, oral care and pharmaceutical products are directly impact the market. Rapid expansion of the end-user industries are expected to increase the adoption of lamination for packaging to gain competitive benefits.
The objective of the report is to present a comprehensive analysis of the Global Aluminum Barrier Laminate Tubes Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Global Aluminum Barrier Laminate Tubes Market, By Cap Type
• Stand-up Cap
• North America
• Essel Propack Ltd.
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-aluminum-barrier-laminate-tubes-market/64361/
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About the Authormanisha
Joined: June 26th, 2020
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