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Collapsible Metal Tubes Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Collapsible Metal Tubes Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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The collapsible metal tubes market has seen steady growth in recent years. It is projected to increase from $1.35 billion in 2023 to $1.41 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.5%. This growth during the historical period can be attributed to the expansion of the pharmaceutical industry, the growth of the cosmetic and personal care sector, the adoption of collapsible metal tubes in food packaging, increased usage of metal tubes in the adhesive and sealant industry, and a rising demand for food products.
What Is The Estimated Market Size Of The Global Collapsible Metal Tubes Market And Its Annual Growth Rate?
The collapsible metal tubes market is anticipated to experience steady growth in the coming years, reaching $1.69 billion by 2028, with a compound annual growth rate (CAGR) of 4.7%. This projected growth during the forecast period can be attributed to the increasing demand for sustainable and eco-friendly packaging solutions, the rising popularity of tube packaging in the e-commerce sector, the expansion of the paint and coatings industry, the growing demand for flexible packaging solutions, and a shift toward lightweight materials.
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Growth Driver of The Collapsible Metal Tubes Market
The growing concern over plastic packaging worldwide has contributed to the expansion of the collapsible metal tubes market. Rising awareness and consumer preference for sustainable alternatives, along with efforts to reduce plastic usage, have driven this market's growth.
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Which Market Players Are Driving The Collapsible Metal Tubes Market Growth?
Key players in the market include Auber Packaging Co. Ltd., Linhardt GmbH & Co KG Company, Universal Metal Products Inc., Antilla Propack Pvt. Ltd., PAKET Corporation, Albea UK Ltd., Alltub SAS, Montebello Packaging Inc., Jiujiang Deshun Adhesives Co. Ltd., Almin Extrusion Co. Pvt. Ltd., Perfect Containers Pvt. Ltd., Hubei Xin Ji Pharmaceutical Packaging Co. Ltd., D. N. Industries Pvt. Ltd., Pioneer Corp., Amcor Limited, CCL Industries Inc., China Aluminum Cans Holdings Limited, Colt's Plastics Co. Inc., Condensa SA, Constantia Flexibles Group GmbH, CTL Packaging USA, Essel Propack Limited, Excel Tubes & Cones Pvt. Ltd., Guangzhou Amy Plastic Tube Co. Ltd., Hoffmann Neopac AG, Huhtamaki Oyj, Impact International Pty Ltd., Intrapac International LLC, L'Oreal S. A., M&H Plastics Ltd., MPack Poland Sp. z o. o., Neopac Hungary Ltd., Ningbo Gidea Packaging Co. Ltd., Nordenia International AG, Pack-Tubes Ltd., Plastube Inc., Prutha Packaging Pvt. Ltd., Qosmedix Corp., Sibo Tube Group.
What Are The Key Trends That Influence Collapsible Metal Tubes Market Share Analysis ?
For an undisclosed amount, Tubex Group's acquisition of Matrametal aligns with its strategic objectives, broadening its geographic reach, customer base, and market opportunities. This acquisition brings the total number of production sites to seven, enabling the company to produce 700 million aerosol cans and 1.6 billion aluminum tubes.
How Is The Global Collapsible Metal Tubes Market Segmented?
1) By Product Type: Twist Tubes, Squeeze Tube, Other Product Types
2) By Closure Type: Fez Cap, Nozzle Cap, Flip Top Cap, Stand Up Cap, Other Closure Types
3) By End-User: Home Care And Personal Care, Cosmetics, Industrial, Pharmaceutical, Other End-Users
Geographical Insights: North America Leading The Collapsible Metal Tubes Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Collapsible Metal Tubes Market Definition
Collapsible metal tubes are made from metal or thermoplastic materials, preventing toxic gases, odors, and dust from entering and preserving the product's natural quality when closed. These tubes serve as composite containers for storing and dispensing liquid formulations with a paste-like consistency, including cosmetics, pharmaceutical products, paint, adhesives, and ointments.
Collapsible Metal Tubes Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global collapsible metal tubes market report covering trends, opportunities, strategies, and more
The Collapsible Metal Tubes Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on collapsible metal tubes market size, collapsible metal tubes market drivers and trends, collapsible metal tubes market major players and collapsible metal tubes market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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