Market Overview
Market Research Future (MRFR) confirms that the collapsible metal tubes market 2020 can potentially procure a growth rate of 4% between 2018 and 2023 (review period). MRFR cites the mounting demand for these tubes in the personal care sector as one of the prime reasons for the market strong expansion rate in the approaching years.
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Primary Boosters and Main Deterrents
Leading manufacturers are trying to boost their production capacity all across the globe, given the rising demand for innovative packaging among the public. The demand for aluminum collapsible metal tubes is mounting tremendously and its popularity is only going to surge in the coming years, since these are more affordable compared to other metals like tin. Aluminum collapsible tubes are considered as highly creative packaging products available, which also help induce market growth for collapsible metal tubes.
Some of the growth boosters in the market for collapsible metal tubes include the heightened demand for cosmetics as well as personal care products. Collapsible metal tubes are also trending because of their recyclable and easy to use properties. Another notable trend in the market is the rising preference for flexible metal tubes instead of rigid metal packaging, since the former is more economical for waste management and transportation of collapsible metal tubes.
Covid-19 analysis by MRFR reveals that the curbed consumer demand in the face of the current lockdown situation has led to massive revenue loss for auto manufacturers. Since auto-suppliers are heavily dependent on migrant labor, their absenteeism can result in sluggish revival after the lockdown, causing a domino effect throughout the value chain. Considering the short-term impact, many of the manufacturers are preparing to recuperate armed with a few initiatives. Further, these companies are exploring strategies to deal with the long term impact of COVID-19. We will provide COVID-19 impact analysis with report.
Speaking of revival tactics, some of the leading industry contenders in China such as SAIC, Volkswagen, BMW and Nissan are now exploring new avenues including online sale of cars, with the use of live broadcasts and VR and more. Likewise, another company in China, Geely has come up with contactless delivery, which ensures social distancing throughout the process and the key are delivered with the use of drones.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global collapsible metal tubes market based on end use, closure type, and product type.
By product type, the global collapsible metal tubes market is segmented into twist tube, squeeze tube, and others. Of these, the squeeze tube segment will lead the market over the forecast period.
By closure type, the global collapsible metal tubes market is segmented into flip top cap, fez cap, nozzle cap, standup cap, and others. Of these, the standup cap segment will dominate the market over the forecast period.
By capacity, the global collapsible metal tubes market is segmented into more than 100 ml, 20- 100 ml, and less than 20 ml. Of these, the less than 20 ml segment will spearhead the market over the forecast period.
By end use industries, the global collapsible metal tubes market is segmented into food, cosmetics, industrial, pharmaceutical, homecare and personal care, and others. Of these, the pharmaceutical segment will have the lions share in the market over the forecast period.
Regional Analysis
APAC to Remain Dominant in the Worldwide Market
In 2017, the APAC region was the unchallenged market leader. It is expected to maintain its position till the conclusion of the prediction period. This can be attributed to the economies of India and China, which manufacture at low-cost rates then export to other regions for a considerable profit margin.
Key Players
The notable players profiled in the global collapsible metal tubes market report include Andpak (U.S.), Perfect Containers Pvt. Ltd. (India), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Universal Metal Products (U.S.), Antilla Inc. (India), ALLTUB (The Netherlands), Adelphi Healthcare Packaging (U.K.), Linhardt GmbH & Co. KG (Germany), Montebello Packaging (Canada), and ESSEL PROPACK LIMITED (India), among others.
The collapsible metal tubes market is fragmented and competitive with the presence of multiple domestic and international industry players. These players have used assorted strategies to stay at the forefront and also cater to the surging needs of the esteemed customers, such as collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.
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