Collapsible metal tubes are widely used for the packaging of various personal care and cosmetic products such as creams, gels, and pastes due to their convenient packaging solutions. Some key advantages of collapsible metal tubes include ease of application, measurable dosage control, stability, availability in recyclable options and low risk of leakage. They provide an ideal way of dispensing of semi-solid and viscous materials precisely with a minimal waste of product.
The global collapsible metal tubes market is estimated to be valued at US$ 11.76 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increased demand for convenient packaging in cosmetic industry is one of the major drivers propelling the growth of global collapsible metal tubes market. Collapsible tubes provide advantages such as easy application with one hand, precise and controlled dosage, and portability which makes them ideal packaging solutions for toothpastes, facial creams, hair styling products and many others. As the use of cosmetics and personal care products continues to grow rapidly across the globe, especially in developing countries, the demand for collapsible metal tubes from cosmetic industry is also expected to rise significantly over the forecast period. However, availability of alternative packaging solutions and fluctuations in raw material prices are some of the factors that may restrain the market growth.
SWOT Analysis
Strength: Collapsible metal tubes have a long shelf life, making them suitable for storing products like gels, creams, and pastes for extended durations. This increases the product lifespan and reduces wastage. They also provide good barrier protection against moisture, oxygen, and light, which helps preserve the quality and efficacy of the contents. Their compactability allows convenient packing and transportation of ample product quantity in a small space.
Weakness: The production of collapsible metal tubes involves complex production processes and requires specialized machinery, which increases manufacturing costs. Raw material prices are also volatile. Some products may react with the metal layers used in tubes.
Opportunity: The rising demand for eco-friendly and sustainable packaging from consumers as well as stringent government regulations regarding plastic waste offer opportunities for collapsible metal tubes. Their reclosability and recyclability make them an attractive alternative to plastic packaging. The growth of cosmetics and personal care industries especially in emerging economies boosts opportunities.
Threats: Stagnant economic conditions during recessions reduce disposable incomes and affect the demand for non-essential packaged goods. Stringent import-export regulations pose trade barriers.
Key Takeaways
The Global Collapsible Metal Tubes Market Size is expected to witness high growth over the forecast period. The global Collapsible Metal Tubes Market is estimated to be valued at US$ 11.76 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031.
Europe currently dominates the market owing to the high consumption of cosmetics and personal care products in countries like Germany, UK, and France. However, Asia Pacific is expected to emerge as the fastest growing region due to rising incomes, growing middle class, and rising product awareness in countries like China, India, and South Korea.
Key players operating in the collapsible metal tubes market are Montebello Packaging, Adelphi Healthcare Packaging, Linhardt GmbH & Co. KG, and CONSTRUCT Packaging. The leading players focus on new product launches, strategic partnerships and acquisitions to expand their market reach. For instance, in December 2020, Linhardt launched a new series of twist-action aluminum tubes. In January 2021, Montebello Packaging acquired Wellpack, expanding its European footprint.
Get More Insights Here
https://www.newswirestats.com/collapsible-metal-tubes-market-size-share-growth-outlook-2023/
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/62243/global-steel-collapsible-metal-tubes-2020-782Segment by Type, the Steel Collapsible Metal Tubes market is segmented into:Squeeze TubeTwist TubeOtherSegment by Application:CosmeticsHome Care & Personal CcarepharmaceuticalOtherGlobal Steel Collapsible Metal Tubes Market: Regional AnalysisThe Steel Collapsible Metal Tubes market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Steel Collapsible Metal Tubes market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Steel Collapsible Metal Tubes Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market.
