The Collapsible Metal Tubes Market involves the use of aluminum and tinplate as the primary raw materials for manufacturing seamless collapsible tubes for the packaging of viscous products like pastes, gels, and creams. Collapsible metal tubes provide various advantages over other packaging solutions such as easy dispensing of products without spillage, lightweight and compact design that reduces shipping costs, excellent barrier properties to prevent leakage and protect products from external conditions. They also allow accurate and complete dispensing of contents without wastage and aid in extending the shelf life of enclosed products. Moreover, collapsible metal tubes are recyclable and environment-friendly packaging formats.
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 from 2024 to 2030.
Key Takeaways
Key players operating in the Collapsible Metal Tubes Market are PPG Industries, Akzo Nobel N.V., Sherwin-Williams Company, BASF SE, The Dow Chemical Company, Arkema Group, RPM International Inc., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems Ltd., Asian Paints Limited, Kansai Paint Co., Ltd., Jotun Group, Sika AG, Hempel A/S, Benjamin Moore & Co. The key players are focused on developing innovative, sustainable and lightweight packaging solutions to meet the growing demand from end-use industries.
The increasing demand for convenient packaging from cosmetic, oral care and hair care industries is fueling the growth of the collapsible metal tubes market. Collapsible Metal Tubes Market Size provide accurate dosage and ease of application which has led to their increased preference over alternative packaging types.
The market is also witnessing high growth prospects in Asia Pacific and Latin American regions owing to rapid urbanization, rising per capita income and growing middle-class population in emerging economies like India, China, Brazil and Mexico. Key players are expanding their production facilities in these regions to leverage growing demand.
Market drivers
The major driver for the collapsible metal tubes market is the increasing demand for eco-friendly packaging solutions from end-use industries. Collapsible metal tubes are highly recyclable and reuse of scrap material aids in reducing plastic waste generation. Stringent government regulations regarding use of plastics and bans on single-use plastic are further driving the demand for sustainable packaging like collapsible metal tubes.
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