- A rapid increase in urbanization and the rising concerns about the ill-effects of plastic packaging may prove significant for the growth of the collapsible metal tubes market
- Based on the aspects related to growth, the global collapsible metal tubes market is expected to expand at a CAGR of 4.3 percent between 2017 and 2025
ALBANY, N.Y., Oct. 14, 2020 /PRNewswire/ -- Collapsible metal tubes are composite containers that are flexible and are used for product formulation storage, having a thick consistency. This factor makes it one of the favorite products in the cosmetic and pharmaceutical industries.
The properties of collapsible metal tubes, such as extensive durability and exceptional barrier properties may bring immense growth prospects for the global collapsible metal tubes market during the forecast period of 2017-2025. Widening applications of collapsible metal tubes across the pharmaceutical and cosmetics industry may bring immense growth prospects for the collapsible metal tubes market.
The TMR (Transparency Market Research) researchers prognosticate the global collapsible metal tubes market to expand at a CAGR of 4.3 percent during the assessment period of 2017-2025 on the basis of the extensive research conducted on parameters related to growth. The global collapsible metal tubes market was valued at US$ 1069.4 mn in 2016 and is extrapolated to reach a valuation of US$ 1550.8 mn in 2025.
Innovative packaging formats in the cosmetic industry are bringing ample growth opportunities for the collapsible metal tubes market. Furthermore, unique features of collapsible metal tubes such as lightweight, hassle-free molding, and anti-corrosion properties may bring tremendous growth prospects for the collapsible metal tubes market.
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Collapsible Metal Tubes Market: Key Revelations
- In regards to product type, the squeeze tube segment acquires a large share of the collapsible metal tubes market
- The 'others' segment is observing rapid growth and has the title of the fastest-growing segment· On the grounds of closure type, the stand up cap is the leading segment with nearly one-third of the total market share
- Based on capacity, the less than 20 ml segment is the largest growth-contributing segment
- More than 100 ml is recording rapid growth
- Asia Pacific may emerge as the leading regional growth contributor across the forecast period of 2017-2025
Explore 261 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Collapsible Metal Tubes Market (Product Type - Squeeze Tube, Twist Tube, and Others; Closure Type - Stand up cap, Nozzle cap, Fez cap, Flip top cap, and Others; Capacity - Less than 20ml, 20 to 100ml, and More than 100ml; End-use - Cosmetics, Home care & personal care, Industrial, Pharmaceutical, Food, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025 at https://www.transparencymarketresearch.com/collapsible-metal-tubes-market.html
Collapsible Metal Tubes Market: Growth Boosters
Many manufacturers are rejecting plastic packaging due to its hazardous effects on the environment. This aspect has led to individuals searching for other packaging alternatives, such as collapsible metal tubes. Hence, this aspect may bring profitable growth.
- Investments in research and development activities are at an all-time high, and this factor may enlarge the growth prospects of the collapsible metal tubes market
- Advantages etched with the use of collapsible metal tubes may bring phenomenal growth opportunities for the collapsible metal tubes market across the assessment period of 2017-2025
Analyze global collapsible metal tubes market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Collapsible Metal Tubes Market: Competitive Dimensions
The collapsible metal tubes market is fragmented, with many players in the fray for obtaining a prominent position. The players in the collapsible metal tubes market are increasing their production capacities for meeting the escalating demand. This aspect eventually helps the collapsible metal tubes market to gain profitable growth.
Key players in the collapsible metal tubes market are always acquiring new players to decrease the competition. Other activities such as joint ventures, partnerships, and collaborations help the players to cement their foothold across the collapsible metal tubes market, eventually inviting expansive growth.
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Global Collapsible Metal Tubes Market: Segmentation
By Product Type
- Squeeze Tube
- Twist Tube
By Closure Type
- Stand up cap
- Nozzle cap
- Fez cap
- Flip top cap
- Less than 20ml
- 20 to 100ml
- More than 100ml
- Home care & personal care
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
Blood Collection Tubes Market - Growing need for performing blood tests owing to instances of numerous types of diseases is one of the key reasons boosting the global blood collection tubes market. As the name suggests, the main purpose of blood collection tubes is to collect blood specimens for testing. Generally, these tubes are manufactured using plastic or glass materials. The evacuated structure of blood collection tubes helps in collecting the exact volume of patient's blood specimen.
Hydration Containers Market - The global hydration containers market is highly fragmented, as a large number of local and regional players hold ~ 90% share in the global market. These players have revenues between US$ 20 Mn to US$ 50 Mn, annually, in the global hydration containers market. Leading manufacturers such as Tupperware Brands Corporation, Zhejiang Haers Vacuum Containers Co., Ltd., S'Well Corporation, and Camelbak Products, LLC hold ~ 6% share in the global market.
Aluminum Barrier Laminate (ABL) Tubes Market - With the significant rise in the packaging industry across the world, the global market for aluminum barrier laminate tubes has witnessed a tremendous surge in its valuation and size. Aluminum barrier laminate tubes are majorly utilized for the packaging of various consumer goods, such as premium dental creams, antiseptics, oils, and adhesives, worldwide. These tubes are apt for food products as well. As the demand for premium consumer goods is increasing substantially, the market for aluminum barrier laminate tubes is expected to witness a noticeable growth, globally, in the years to come.
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