ID: MRFR/PNT/5276-HCR | February 2021 | Region: Global | 100 pages
Collapsible metal tubes market size is projected to touch USD 1,353.1 million by 2023.
Collapsible metal tubes are containers for viscous liquids and other fluid formulations. The adverse effects of plastic packaging have led consumers to opt for alternative packaging. The global collapsible metal tubes market size is projected to touch USD 1,353.1 million by 2023 by capitalizing on consumer intent, as per Market Research Future (MRFR). The vast expansion of the pharmaceutical and cosmetics industries is another driver of the market which can influence market demand. The market is driven by the extended shelf-life of these products and their capacity to prevent the entry of odor, dust, and other gases. It is predicted to enjoy a 4% CAGR from 2018 to 2023 (forecast period) owing to their burgeoning demand in the personal care sector. Manufacturers have ramped up their production capacity worldwide owing to innovative packaging formats desired by the public. The penetration of plastic tubes remains a viable threat. But its wide scope in developing nations can bolster the collapsible metal tubes market sales over the forecast period.
Regionally, the global collapsible metal tubes market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). The APAC region was the undisputed leader in the market in 2017. It is predicted to hold onto its position till the end of the forecast period. This can be credited to economies of India and China which manufacture at cost-effective production rates and export it to other regions for a substantial bottom line margin. North America can generate significant revenue for the collapsible metal tubes market by 2023 owing to massive demand for personal care items.
Some of the primary players discussed in the market report include ESSEL PROPACK LIMITED (India), Montebello Packaging (Canada), Linhardt GmbH & Co. KG (Germany), Adelphi Healthcare Packaging (U.K.), ALLTUB (The Netherlands), Antilla Inc. (India), Universal Metal Products (U.S.), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Perfect Containers Pvt. Ltd. (India), Andpak (U.S.), and others.
Market Research Future prides itself on conducting top-notch research using its proprietary techniques. With a combination of primary and secondary research, analysts have managed to collect relevant data gathered from interviews with executives, whitepapers, SEC filings, and others to compile a thoroughly researched report. The data is verified with other sources to estimate future revenue and volume figures which assist investors in making wise business decisions. A mix of bottom-down and top-up approaches are undertaken to study the market from all perspectives.
The global collapsible metal tubes market is segmented by product type, closure type, and end-use. By product type, the market consists of squeeze tube, twist tube, and others. By closure type, the market comprises standup cap, nozzle cap, fez cap, flip top cap, and others. On the basis of capacity, the market is segmented into less than 20 ml, 20 to 100 ml, and more than 100 ml. End-use industries requiring collapsible metal tubes include homecare and personal care, pharmaceutical, industrial, cosmetics, food, and others.
|CAGR||4% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Closure Type, Capacity, End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ESSEL PROPACK LIMITED (India), Montebello Packaging (Canada), Linhardt GmbH & Co. KG (Germany), Adelphi Healthcare Packaging (U.K.), ALLTUB (The Netherlands), Antilla Inc. (India), Universal Metal Products (U.S.), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Perfect Containers Pvt. Ltd. (India), Andpak (U.S.)|
|Key Market Opportunities||Vast expansion of the pharmaceutical and cosmetics industries|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The collapsible metal tubes market can thrive at 4% CAGR by 2023.
The collapsible metal tubes market can value at USD 1,353.1 Mn by 2023.
Perfect Containers Pvt. Ltd. (India), Jiujiang Deshun Adhesive Industry Co., Ltd (China), and Andpak (U.S.) are some reputed names in the collapsible metal tubes market.
Enterprises are actively deploying license management solutions; which cam prompt the global collapsible metal tubes market expansion.
North America collapsible metal tubes market growth can spur as due to increase in the applications of metal tubes.