The global collapsible metal tubes market is expected to grow from $1.22 billion in 2021 to $1.30 billion in 2022 at a compound annual growth rate (CAGR) of 5.8%. The collapsible metal tube market is expected to grow to $1.48 billion in 2026 at a CAGR of 3.3%.
What is the Global Collapsible Metal Tubes Market?
The collapsible metal tubes market consists of sales of collapsible metal tubes by entities (organizations, sole traders and partnerships) that manufacture collapsible metal tubes. Collapsible tubes are composite containers used for storing and dispensing liquid formulations that have a paste-like consistency like cosmetics, pharmaceutical products, paint, adhesives and ointments. Collapsible metal tubes are made of metal or thermoplastic and thus prevent toxic gases, odor and dust to enter, ensuring the natural quality of the product when closed.
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What drives the Global Collapsible Metal Tubes Market?
The increasing concern over plastic packaging globally contributed to the growth of the collapsible metal tubes market in the historic period. The rising awareness and consumers’ preference towards sustainable options along with reducing plastic usage contributed to the growth of the market. For instance, according to a survey by Finland based chemicals company, Kemira, among 4,000 respondents in the United States, China, Germany and Finland, over 50% of the respondents said that they would be willing to pay more for renewable food packaging and most respondents were also hoping to reduce the use of plastic in their lives. Therefore, the concern over plastic packaging, harming the environment and consumers’ preference towards reducing plastic waste increased demand for the collapsible metal tubes market in the historic period.
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Global Collapsible Metal Tubes Market Segments
The global collapsible metal tubes market is segmented:
By Product Type: Twist Tubes, Squeeze Tube, Others
By Closure Type: Fez Cap, Nozzle Cap, Flip Top Cap, Stand Up Cap, Others
By End-User: Home Care and Personal Care, Cosmetics, Industrial, Pharmaceutical, Others
By Geography: The regions covered in the collapsible metal tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Collapsible Metal Tubes Global Market Report 2022provides market size and growth forecasts for the global collapsible metal tubes market, global collapsible metal tubes market share, collapsible metal tubes market segments and geographies, collapsible metal tubes market competitive landscape including leading competitors’ revenues, profiles and market shares. The collapsible metal tubes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Collapsible Metal Tubes Industry Playersinclude Auber Packaging Co, Ltd, CONSTRUCT Packaging, Linhardt, Universal Metal Products, Antilla Propack, PAKET Corporation, Albéa, ALLTUB Group, Montebello Packaging, and Jiujiang Deshun Adhesives. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
