Press release
Collapsible Metal Tubes Market Outlook, Revenue, Industry Growth And Global Research Report 2024
Collapsible Metal Tubes Market
The collapsible metal tubes market size is expected to see steady growth in the next few years. It will grow to $1.69 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to rising demand for sustainable and eco-friendly packaging solutions, growing popularity of tube packaging in the e-commerce sector, expansion of the paint and coatings industry, growing demand for flexible packaging solutions, shift towards lightweight material. Major trends in the forecast period include technological advancements in printing and labeling on metal tubes, adoption of innovative technologies, customization and personalization of collapsible metal tubes for branding, integration of smart packaging technologies in metal tubes, emphasis on recyclability and circular economy principles in tube design.
Market Overview -
Collapsible metal tubes refer to the tubes that are made of metal or thermoplastic and thus prevent toxic gases, odors, and dust from entering, ensuring the natural quality of the product when closed. Collapsible tubes are composite containers used for storing and dispensing liquid formulations that have a paste-like consistency, such as cosmetics, pharmaceutical products, paint, adhesives, and ointments.
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Global Concerns Over Plastic Packaging Boost Collapsible Metal Tubes Market
The increasing concern over plastic packaging globally contributed to the growth of the collapsible metal tubes market. The rising awareness and consumers' preference towards sustainable options along with reducing plastic usage contributed to the growth of the market. For instance, in October 2023, according to Eurostat, a UK-based government statistical agency, the European Union produced approximately 188.7 kilograms of packaging waste per resident in 2021, marking an increase of 6.6% from the previous year's 177 kilograms. Therefore, the concern over plastic packaging, harming the environment and consumers preference towards reducing plastic waste increased demand for the collapsible metal tubes market in the historic period.
Competitive Landscape -
Major companies operating in the collapsible metal tubes market report are Auber Packaging Co. Ltd., Linhardt GmbH & Co KG Company, Universal Metal Products Inc., Antilla Propack Pvt. Ltd., PAKET Corporation, Albea UK Ltd., Alltub SAS, Montebello Packaging Inc., Jiujiang Deshun Adhesives Co. Ltd., Almin Extrusion Co. Pvt. Ltd., Perfect Containers Pvt. Ltd., Hubei Xin Ji Pharmaceutical Packaging Co. Ltd., D. N. Industries Pvt. Ltd., Pioneer Corp., Amcor Limited, CCL Industries Inc., China Aluminum Cans Holdings Limited, Colt's Plastics Co. Inc., Condensa SA, Constantia Flexibles Group GmbH, CTL Packaging USA, Essel Propack Limited, Excel Tubes & Cones Pvt. Ltd., Guangzhou Amy Plastic Tube Co. Ltd., Hoffmann Neopac AG, Huhtamaki Oyj, Impact International Pty Ltd., Intrapac International LLC, L'Oreal S. A., M&H Plastics Ltd., MPack Poland Sp. z o. o., Neopac Hungary Ltd., Ningbo Gidea Packaging Co. Ltd., Nordenia International AG, Pack-Tubes Ltd., Plastube Inc., Prutha Packaging Pvt. Ltd., Qosmedix Corp., Sibo Tube Group
Recycled Collapsible Metal Tubes Market
The growing focus on recycling is a key trend gaining popularity in the collapsible metal tube market. Major companies operating in the collapsible metal tube sector are focused on developing recyclable solutions for collapsible metal tubes in order to reduce waste and pollution. For instance, in April 2021, TUBEX Aluminium Tubes, an Austria-based manufacturer of aluminum tubes, developed Blue Tube Evo, which has 95% post-consumer waste (PCR for Post-Consumer Recycled) and 5% PIR (Post-Industrial Recycled). 95% of Blue Tube Evo comes from used aluminum tubes, cans, and aerosols that customers have thrown away. The company created its alloy so that they could obtain a wide variety of waste types in large amounts with unrestricted access.
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Key Segments -
The collapsible metal tubes market covered in this report is segmented -
1) By Product Type: Twist Tubes, Squeeze Tube, Other Product Types
2) By Closure Type: Fez Cap, Nozzle Cap, Flip Top Cap, Stand Up Cap, Other Closure Types
3) By End-User: Home Care And Personal Care, Cosmetics, Industrial, Pharmaceutical, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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