The Global Collapsible Metal Tubes Market Growth Accelerated By Increased Demand For Sustainable And Innovative Packaging Solutions
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| Collapsible Metal Tubes Market |
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/
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