Press release
Collapsible Metal Tubes Market 2024 Future Trends, Scope, Industry Analysis And Forecast To 2033
Collapsible Metal Tubes Market Share
Collapsible Metal Tubes Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.69 billion In 2028 At A CAGR Of 4.7% :
The collapsible metal tubes market size has grown steadily in recent years. It will grow from $1.35 billion in 2023 to $1.41 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to growth in the pharmaceutical industry, expansion of the cosmetic and personal care industry, adoption of collapsible metal tubes in the food packaging sector, increased use of metal tubes in the adhesive and sealant industry, growing demand for food products.
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..
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Collapsible Metal Tubes Market Major 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 Driver - 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.
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Prominent Trend - 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.
Collapsible Metal Tubes Market Players
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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the collapsible metal tube market in 2023. The regions covered in the collapsible metal tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Collapsible Metal Tubes Market Report Structure
3. Collapsible Metal Tubes Market Trends And Strategies
4. Collapsible Metal Tubes Market - Macro Economic Scenario
5. Collapsible Metal Tubes Market Size And Growth
…..
27. Collapsible Metal Tubes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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