Collapsible metal tubes are lightweight, compressible, and
sealable containers used to package viscous substances such as pharmaceutical
products, cosmetics, and food. They provide benefits such as ease of
application, precise dosing, product protection, and long shelf life. Utilizing
a squeezable and reclosable design, collapsible metal tubes offer consumers
hygienic and mess-free usage. The need for compact and portable packaging for
on-the-go consumption has been boosting the demand for collapsible metal tubes.
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
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. These players maintain a
competitive edge in the market by adopting strategies such as mergers,
acquisitions, partnerships, and new product development.
The increasing demand for on-the-go consumption of personal care and cosmetic
products presents significant opportunities for players in the
Collapsible Metal Tubes Market
Size. Manufacturers are focused on development of innovative
packaging formats that enhance portability and convenience.
North America and Europe collectively account for over 50% share of the global
collapsible metal tubes market. However, expanding middle-class population and
rising disposable incomes in Asia Pacific are likely to drive market growth in
the region during the forecast period. Key players are emphasizing strategic
expansion into high-potential emerging markets to gain market share.
Market Drivers
Convenient packaging format -
Collapsible metal tubes offer convenient packaging solutions for viscous
products that need to be squeezed out of the package. Their squeezable and
re-closable design provides easier application and transportation.
Growth of cosmetics and personal care
industry - Expanding consumption of cosmetic products such as facial
creams, hair styling gels, and deodorants is propelling the demand for
convenient packaging solutions such as collapsible metal tubes.
Market Restraints
High production costs - Metal tube
making requires expensive machinery which increases the costs. This hinders
market growth, especially in price-sensitive regions.
Growing environmental concerns -
Disposal of used metal tubes generates waste that takes long to decompose.
Stringent environmental regulations regarding non-recyclable packaging pose
challenges to market players.
Segment Analysis
The sub segment of collapsible metal tubes with capacity below 50 ml is
dominating the market as these tubes are used for small quantity packaging of
cosmetic and healthcare products like toothpaste, ointments, creams etc. where
precise dispensing and minimum wastage is required. These tubes provide good
barrier protection, are lightweight and have superior shelf life which makes
them a preferred choice for small quantity packaging.
The pharmaceutical sub segment holds a major share due to increasing usage of
collapsible metal tubes for oral liquid formulations, eye & ear drops and
dental pastes. Factors like portability, ease of use, precision in dosages and
product safety have increased the adoption of collapsible metal tubes in the
pharmaceutical industry.
Global Analysis
The Asia Pacific region is forecasted to be the fastest growing as well as
dominating region in the collapsible metal tubes market during the forecast
period. Factors such as rising disposable incomes, growth in middle class
population India and China will drive the demand for cosmetic and personal care
products which in turn increases the usage of collapsible metal tubes in these
industries. North America and Europe are also significant markets however the
growth rates are expected to be lower than the Asia Pacific region due to
market maturity. Key players like PPG Industries, Akzo Nobel N.V., and The
Sherwin-Williams Company are focusing on expanding their presence in emerging
countries of Asia Pacific through partnerships and new product launches.
Comments
Post a Comment