Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1264.37 Million | USD 1898.48 Million | 4.62% | 2023 |
According to a report from Zion Market Research, the global Collapsible Metal Tubes Market was valued at USD 1264.37 Million in 2023 and is projected to hit USD 1898.48 Million by 2032, with a compound annual growth rate (CAGR) of 4.62% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Collapsible Metal Tubes industry over the next decade.
Collapsible tubes are usually flexible composite containers and are used for dispensing and storage of product formulations that generally have a paste-like consistency. The collapsible metal tubes market is anticipated to gain huge popularity, particularly among packaging producers or manufacturers, owing to the growing demand and requirement for tubes by the cosmetic and pharmaceutical industries. The popularity is due to these tubes’ special features, such as easy molding, anti-corrosion, lightweight nature, etc.
Increase in the global urban population and growing concerns among customers related to the bad effects of plastic packaging in the atmosphere has fuelled the growth of the collapsible metal tubes market globally. The producers of collapsible metal tubes are majorly focusing on increasing their production capabilities to meet the growing demand, especially by the cosmetic and pharmaceutical industries. Besides growing global manufacturing of collapsible metal tubes and the need for creating brand value in the global market is likely to boost the sales of the global collapsible metal tubes. Particularly, in the cosmetics industry, the modern formats of packaging are likely to evolve across the world.
The market for collapsible metal tubes can be segmented based on product type, capacity, closure type, and end-users.
Based on product type, the collapsible metal tubes market can be categorized into twist tubes and squeeze tube, among others. Squeeze tube segment is likely to dominate the market with a maximum market share of the overall global market.
Based on capacity, the collapsible metal tubes market is divided into below 20ml, above 100ml, and between 20 and 100ml.
On the basis of closure type, this market is fragmented into fez cap, nozzle cap, flip top cap, and stand up cap, among others.
Based on the end-users, this market is categorized into home care and personal care, cosmetics, industrial, food, and pharmaceutical, among others.
Report Attributes | Report Details |
---|---|
Report Name | Collapsible Metal Tubes Market |
Market Size in 2023 | USD 1264.37 Million |
Market Forecast in 2032 | USD 1898.48 Million |
Growth Rate | CAGR of 4.62% |
Number of Pages | 110 |
Key Companies Covered | Auber Packaging Co., Ltd., Adelphi Healthcare Packaging, Andpak, CONSTRUCT Packaging, Linhardt, Universal Metal Products, SUBNIL Packaging Machineries, Essel Propack Limited, Antilla Propack, PAKET Corporation, Albéa, ALLTUB Group, D.N. Industries, Hubei Xin Ji Pharmaceutical Packaging, Perfect Containers, Pioneer Group, Montebello Packaging, Jiujiang Deshun Adhesives, Almin Extrusion, and Impact International, among several others |
Segments Covered | By Product Type, By Capacity, By Closure Type, By End-Users And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the global market for collapsible metal tubes can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In the Asia Pacific region, developing economies, like India and China, are the major producers of collapsible metal tubes. These countries prices are very economical, as compared to the ones produced by the North American and European manufacturers. Therefore, a major share of collapsible metal tubes requirement and demand in Asia Pacific region is likely to increase due to low production costs for collapsible metal tubes. Thus, the Asia Pacific region is projected to create numerous opportunities and prospects for the collapsible metal tubes market. The North American and European regions are also anticipated to show good growth potential in this market in the upcoming years.
By closure types:
By capacity:
By end-users:
By products:
The most important key players in the global collapsible metal tubes market are
FrequentlyAsked Questions
Increase in the global urban population and growing concerns among customers related to the bad effects of plastic packaging in the atmosphere has fuelled the growth of the collapsible metal tubes market globally.
According to a report from Zion Market Research, the global Collapsible Metal Tubes Market was valued at USD 1264.37 Million in 2023 and is projected to hit USD 1898.48 Million by 2032, with a compound annual growth rate (CAGR) of 4.62% during the forecast period 2024-2032.
A major share of collapsible metal tubes requirement and demand in Asia Pacific region is likely to increase due to low production costs for collapsible metal tubes.
Some main participants of the collapsible metal tubes market are Auber Packaging Co., Ltd., Adelphi Healthcare Packaging, Andpak, CONSTRUCT Packaging, Linhardt, Universal Metal Products, SUBNIL Packaging Machineries, Essel Propack Limited, Antilla Propack, PAKET Corporation, Albéa, ALLTUB Group, D.N. Industries, Hubei Xin Ji Pharmaceutical Packaging, Perfect Containers, Pioneer Group, Montebello Packaging, Jiujiang Deshun Adhesives, Almin Extrusion, and Impact International among others.
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