Collapsible Metal Tubes Market Overview
The global collapsible metal tubes market is predicted to touch a valuation of USD 1,353.1 million by 2023, as per the latest insights in a report by Market Research Future (MRFR). It was previously valued at USD 1,112.2 million in 2017. 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 2023. The market can experience 4% CAGR from 2018 to 2023 (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.
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The key players of Food Service Packaging Market are –
- ESSEL PROPACK LIMITED (India)
- Montebello Packaging (Canada)
- Linhardt GmbH & Co. KG (Germany)
- Adelphi Healthcare Packaging (U.K.)
- ALLTUB (The Netherlands)
- Antilla Inc. (India)
- Universal Metal Products (U.S.)
- Jiujiang Deshun Adhesive Industry Co., Ltd (China)
- Perfect Containers Pvt. Ltd. (India)
- Andpak (U.S.), and others
Regionally, the global collapsible metal tubes market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). The APAC region was the undisputed leader in the market in 2017. It is predicted to hold onto its position till the end of the forecast period. This can be credited to economies of India and China which manufacture at cost-effective production rates and export it to other regions for a substantial bottom line margin. North America can generate significant revenue for the collapsible metal tubes market by 2023 owing to massive demand for personal care items.
The global Collapsible Metal Tubes Market is segmented by product type, closure type, and end-use. By product type, the market consists of squeeze tube, twist tube, and others. By closure type, the market comprises standup cap, nozzle cap, fez cap, flip top cap, and others. On the basis of capacity, the market is segmented into less than 20 ml, 20 to 100 ml, and more than 100 ml. End-use industries requiring collapsible metal tubes include homecare and personal care, pharmaceutical, industrial, cosmetics, food, and others.
Market Research Future prides itself on conducting top-notch research using its proprietary techniques. With a combination of primary and secondary research, analysts have managed to collect relevant data gathered from interviews with executives, whitepapers, SEC filings, and others to compile a thoroughly researched report. The data is verified with other sources to estimate future revenue and volume figures which assist investors in making wise business decisions. A mix of bottom-down and top-up approaches are undertaken to study the market from all perspectives.
Global Collapsible Metal Tubes Market by Product Type
Global Collapsible Metal Tubes Market by Closure Type
Flip Top Cap
Global Collapsible Metal Tubes Market by Capacity
Less than 20 ml
20 to 100 ml
More than 100 ml
Global Collapsible Metal Tubes Market by End-use
Homecare & Personal Care
Global Collapsible Metal Tubes Market by Region
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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