Collapsible Metal Tubes Market Upcoming Demands and Growth Analysis with Worldwide Industry Analysis by 2030
The global collapsible metal tubes market is predicted to grow at a 4% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. Collapsible tubes are composite containers that are used for dispensing and storing product formulations which generally have a paste-like consistency.
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Various factors are fuelling the global collapsible metal tubes market share. As per the recent MRFR market estimates, such factors include the burgeoning demand in the personal sector, heightened demand for cosmetics and personal care products, recyclability and easy to use properties, growing need for flexible metal tubes over rigid metal packaging, increase in global urban population, growing concerns among customers related to the bad impacts of plastic packaging, expanding personal care and cosmetic sectors, increasing disposable income, and increasing consumer preference for safe, convenient, and sustainable packaging solutions.
On the flipside, the volatile prices of raw materials and impact of the COVID-19 pandemic may limit the global collapsible metal tubes market growth over the forecast period.
The global collapsible metal tubes industry has been segmented on the basis of product type, closure type, capacity, and end-use.
On the basis of product type, the worldwide collapsible metal tubes market has been segmented into squeeze tubes, twist tubes, and others. The squeeze tube segment is projected to register a major share in terms of revenue in the collapsible metal tube market over the review period, owing to the low cost and high flexibility of the tube.
On the basis of closure type, the worldwide collapsible metal tubes market has been segmented into stand-up cap, nozzle cap, fez cap, flip-top cap, and others. The stand-up cap segment is projected to account for major revenue contributor to the worldwide collapsible metal tube market over the next years. This stand-up cap gives more safety for the product, various styles, colors, thread shapes, and sizes.
On the basis of capacity, the worldwide collapsible metal tubes market has been segmented into less than 20 ml, 20 to 100 ml, and more than 100 ml.
On the basis of end-use, the global collapsible metal tubes market has been segmented into home care and personal care, pharmaceutical, industrial, cosmetics, food, and others. The pharmaceutical segment is predicted to dominate in terms of revenue contribution over the assessment period, owing to its advantages, including ease of packaging and easier to use, less product waste, and shipping cost.
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By region, the global collapsible metal tubes market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. The contribution of developing countries such as China and India known for manufacturing at cheaper production rates and exporting to other areas at a good profit margin, and booming retail industry that has led to the robust sales of collapsible metal tubes, are adding to the global collapsible metal tubes market growth in the region.
In North America, the global collapsible metal tubes market is predicted to have healthy growth over the forecast period. Rampant need for personal care items, overall growth of the cosmetics industry, technologically advanced and innovative packing formats, high purchasing power, and high level of industrialization are adding to the global collapsible metal tubes market growth in the region.
In Europe, the global collapsible metal tubes market is predicted to have promising growth over the forecast period and that in Rest of the World is predicted to have steady growth over the forecast period.
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The notable players profiled in the global collapsible metal tubes market report include Andpak (U.S.), Perfect Containers Pvt. Ltd. (India), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Universal Metal Products (U.S.), Antilla Inc. (India), ALLTUB (The Netherlands), Adelphi Healthcare Packaging (U.K.), Linhardt GmbH & Co. KG (Germany), Montebello Packaging (Canada), and ESSEL PROPACK LIMITED (India), among others.
The collapsible metal tubes market is fragmented and competitive with the presence of multiple domestic and international industry players. These players have used assorted strategies to stay at the forefront and also cater to the surging needs of the esteemed customers, such as collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.
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Published Mon, 07 Mar 2022 05:44:35 -0600