Global Collapsible Metal Tubes Market Outlook, Opportunities And Strategies
Learn about the global collapsible metal tubes market through The Business Research Company, which provides information on collapsible metal tubes market size, collapsible metal tubes market drivers and restraints, collapsible metal tubes market players, the COVID-19 impact on the collapsible metal tubes market, and more.
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The global collapsible metal tubes market is expected to grow from $1.02 billion in 2020 to $1.12 billion in 2021 at a compound annual growth rate (CAGR) of 9.32%. The growth is mainly due to the growing demand for metal tubes by the cosmetic and pharmaceutical industries. The market is expected to reach $1.44 billion in 2025 at a CAGR of 6.44%.
The increasing concern over plastic packaging globally is expected to drive innovation in collapsible metal tubes manufacturing, thus driving the market during the forecast period.
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The collapsible metal tubes market consists of sales of collapsible metal tubes by entities (organizations, sole traders and partnerships) that manufacture collapsible metal tubes. Collapsible tubes are composite containers used for storing and dispensing liquid formulations that have a paste like consistency like cosmetics, pharmaceutical products, paint, adhesives and ointments. Collapsible metal tubes are made of metal or thermoplastic and thus prevent toxic gases, odor and dust to enter, ensuring the natural quality of product when closed.
Global collapsible metal tubes market segments include:
By Product Type: Twist Tubes, Squeeze Tubes, Others
By Closure Type: Fez Cap, Nozzle Cap, Flip Top Cap, Stand Up Cap, Others
By End-User: Home Care And Personal Care, Cosmetics, Industrial, Pharmaceutical, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the collapsible metal tube market in 2020.
The growing focus towards recycling is a key trend gaining popularity in the collapsible metal tubes market. Major companies operating in the collapsible metal tubes sector are focused on developing recyclable solutions for collapsible metal tubes in order to reduce wastage and pollution.
TBRC’s collapsible metal tubes market report covers:
Major Market Players: Auber Packaging Co., Ltd, CONSTRUCT Packaging, Linhardt, Universal Metal Products, Antilla Propack, PAKET Corporation, Albéa, ALLTUB Group, Montebello Packaging, Jiujiang Deshun Adhesives, Almin Extrusion, Perfect Containers Pvt. Ltd, Hubei Xin Ji Pharmaceutical Packaging, D.N. Industries, and Pioneer Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Collapsible Metal Tubes Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides collapsible metal tubes market overviews, analyzes and forecasts market size, share, collapsible metal tubes market players, collapsible metal tubes market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s collapsible metal tubes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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