Collapsible metal tubes have gained significant popularity as flexible packaging solutions for cosmetics and personal care products owing to their light weight, airless package design that prevents oxidation and extends the shelf life of products. Collapsible metal tubes find widespread applications in the storage and dispensation of creams, gels, pastes and lotions. Their barrier properties and recyclability add to their sustainable character.
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 key trends:
With heightened focus on sustainable packaging across industries, the demand for eco-friendly packaging materials has increased steadily over the past few years. Collapsible metal tubes contribute to the circular economy as they are fully recyclable. The tubes can be recycled multiple times without loss of quality to produce new collapsible metal tubes or other products. They have a high collection and sorting rate. The sustained growth in the uptake of recyclable flexible packaging on account of stringent regulations regarding single-use plastics is expected to propel the collapsible metal tubes market over the forecast period.
Segment Analysis
The global collapsible metal tubes market is dominanted by the skincare segment. Skincare products such as moisturizers, face creams, and sunscreens account for over 35% of the market share owing to high demand. Skincare products require packaging that prevents leakage and wastage of product over long shelf-life and transport. Collapsible metal tubes provide an effective sealed package for skincare products without the need for additional preservatives.
Key Takeaways
The Global Collapsible Metal Tubes Market Size is expected to witness high growth over the forecast period of 2024 to 2031 with a projected market size of US$ 11.76 Mn in 2024.
Asia Pacific currently accounts for around 40% share of the global market led by China, India, and Japan. The region is expected to remain the fastest growing market due to expansion of personal care and pharmaceutical industries in developing countries.
Europe holds the second largest market share aided by stringent packaging regulations regarding usage of recyclable materials. Major players in Europe are increasingly focusing on production of sustainable and eco-friendly tubes made from aluminum.
Key players operating in the collapsible metal tubes market are Montebello Packaging, Lincoln Packaging, Antilla Propack, Alex Packaging, Adelphi Healthcare Packaging, CONSTRUCT Packaging, and Universal Metal Products.
Montebello Packaging leads the market with over 15% share attributed to vast product portfolio and global manufacturing facilities across North America, Europe and Asia Pacific. Other major players are expanding their product offerings in smaller sized tubes with metered dispensing options.
Get More Insights Here
https://www.newsstatix.com/collapsible-metal-tubes-market-size-share-growth-outlook-2023/
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Russian
Romaian