Global Collapsible Metal Tubes Market to Enjoy 4% CAGR During the Forecast Period (2022-2030): MRFR

Market Overview:The global collapsible metal tubes market is predicted to touch a valuation of USD 1,353.1 million by 2030, as per the latest insights in a report by Market Research Future (MRFR). It was previously valued at USD 1,112.2 million in 2020. Collapsible metal tubes are containers which can hermetically seal its contents to prevent the entry of dust, odor, and other noxious particles. The popular metal used for the production of these products is aluminum owing to its capacity to hold perishable loads.The expanding cosmetics and personal care sectors are the primary driver of the market. This is supported by the popularity of tube packaging made so by the use of everyday items such as toothpaste and sanitizers. Innovation in packaging across diverse end-use sectors is likely to elicit the demand for collapsible metal tubes by 2030. The market can experience 4% CAGR from 2022 to 2030 (forecast period) owing to the recyclable nature of the product.The collapsible metal tubes market can find opportunities for expansion in developing economies with low penetration of the product. Volatile prices of raw materials may pose a challenge to the market.Segmentation:The collapsible metal tubes market can be segmented by product type, closure type, capacity, and end-use. Based product type, the collapsible metal tubes market can be segmented into squeeze tube, twist tube, and others. The squeeze tube segment is predicted to lead the market over the forecast period. Increasing preference for metal packaging over plastic packaging can bolster the segment’s revenue exponentially by 2030.By closure type, the collapsible metal tubes market comprises standup cap, nozzle cap, fez cap, flip top cap, and others. The standup cap segment is deemed to dominate the market till 2030 owing to massive demand for herbal and organic products. In addition, these caps act as an effective barrier against contamination from external sources.By capacity, the market is segmented into less than 20 ml, 20 to 100 ml, and more than 100 ml. The less than 20 ml segment is expected to reign superior over its counterparts owing to the preference of small tubes in acrylics and adhesives used in homes.Major end-use industries include pharmaceutical, industrial, cosmetics, food, homecare & personal care, and others. The pharmaceutical sector is likely to be the biggest revenue generator thanks to heavy use of collapsible aluminum tubes to keep the contents of products devoid of germs.

Regional Analysis:

Geographically, the collapsible metal tubes market can be segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).The APAC region is forecasted to grow at a rapid clip over the forecast period. This can be attributed to expanding economies of China and India. The high production capacity of these countries coupled with lax tax regulations makes it a viable destination for investment by major players.North America is predicted to generate significant revenue for the collapsible tubes market owing to increasing preference for homecare and personal care products. Competitive Insights:Prominent players in the collapsible metal tubes market are Perfect Containers Pvt. Ltd. (India), Montebello Packaging (Canada), Adelphi Healthcare Packaging (U.K.), Linhardt GmbH & Co. KG (Germany), Andpak (U.S.), Antilla Inc (India), ALLTUB (The Netherlands), ESSEL PROPACK LIMITED (India), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Universal Metal Products (U.S.), and others. New product launches are the prime strategy of these players as customers have created the need for attractive packaging designs. This is exemplified by Montebello Packaging with the launch of new products under the direction of its proprietary uShape technology. It can expand its consumer base by banking on the need for collapsible metal tubes in the beverage industry in Canada and the U.S.Get Full Information About This Report: Collapsible Metal Tubes Market Size