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Collapsible Metal Tubes Market Overview
The collapsible metal tubes market size will be touching USD 1,353.1 million by 2030 and expanding at a significant pace between during the forecast period, says Market Research Future (MRFR). These metal tubes have many applications. They are used in the storage of viscous liquids such as ointments, caulk, adhesives and much more. These metal tubes come in both oval and round shapes. Also, the spherical tubes come with caps that seal the products properly. The demand for collapsible metal tubes is surging due to many reasons.
Lightweight, corrosion resistance and easy molding features make it an exceptional storage solution for liquids. Also, these flexible containers can dispense paste and other liquids effectively. Most of these tubes are made from materials such as metal alloy and aluminium. They are known as airtight containers that will not damage liquid products. Further, these tubes prevent toxic odour, dust and gases in the paste.
These aluminium metal tubes are gaining more traction in many industries. They are known as the inventive package that is sustainable. There are many drivers in the market that rise overall market demand. The use of this packaging is suitable for the cosmetic product market. As they are recyclable the use of these metal tubes has more significance in many industries. The overall market value will exceed 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.
List of the key major companies in the Collapsible Metal Tubes Market are
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.
Tubettificio Favia is an Italian company that is launching a new product in the market. The tubes released by this company are eco friendly. Also, the recyclable solutions by the firm help to reuse these containers. The aluminium tubes come with an airtight seal. As they are natural containers decomposing is effortless.
The key players in the North American region are expected to witness high revenue from the personal product market. The cosmetics market has a high demand for such tubes. It is increasing the overall demand for these tubes. All these factors will increase overall supply rates.
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.
Global Collapsible Metal Tubes Market by Product Type
- Squeeze Tube
- Twist Tube
Global Collapsible Metal Tubes Market by Closure Type
- Standup Cap
- Nozzle Cap
- Fez Cap
- Flip Top Cap
Global Collapsible Metal Tubes Market by Capacity
- Less than 20 ml
- 20 to 100 ml
- More than 100 ml
Global Collapsible Metal Tubes Market by End-use
- Homecare & Personal Care
Global Collapsible Metal Tubes Market by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
| Market Size
||· 2023: USD 1,353.1 Million
|| 4% CAGR (2022-2030)
| Base Year
| 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
||· Extended shelf-life of these products · Capacity to prevent the entry of odor, dust and other gases
Frequently Asked Questions (FAQ) :
The collapsible metal tubes market can thrive at 4% CAGR by 2030.
The collapsible metal tubes market can value at USD 1,353.1 Mn by 2030.
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.
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