Market Analysis
The 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.
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.
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Market Segmentation
The collapsible metal tubes industry has been considered for product type, closure type, capacity and end-use.
The product types described in the market study are twist tube, squeeze tube, and others.
The closure type-based market segmentation comprises nozzle cap, standup cap, flip top cap, fez cap, and others.
Capacity-wise segments include less than 20 ml, 20 to 100 ml, as well as more than 100 ml.
The end-use industries that deploy collapsible metal tubes are food, pharmaceutical, homecare and personal care, cosmetics, industrial, and others.
Regional Analysis
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.
Leading Competitors
Leading competitors in the market are Adelphi Healthcare Packaging (U.K.), Andpak (U.S.), ESSEL PROPACK LIMITED (India), Montebello Packaging (Canada), Linhardt GmbH Co. KG (Germany), ALLTUB (The Netherlands), Antilla Inc. (India), Universal Metal Products (U.S.), Perfect Containers Pvt. Ltd. (India), Jiujiang Deshun Adhesive Industry Co. Ltd (China), to name a few.
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