The global collapsible metal tubes market was valued at US$ 1,069.4 Mn in 2016 and is expected to be valued at US$ 1,550.8 Mn in 2025. The market is characterized by growing demand of collapsible metal tubes owing to their wide-spread usage in pharmaceutical and cosmetics industry. The global collapsible metal tubes market is expected to expand at a CAGR of 4.3% in terms of market value during the forecast period, 2017-2025.
Consumer demand is rising due to intolerance towards plastic and plastic packaging. The market is also marked with the advancement in the manufacturing technology. The manufacturers of collapsible metal tubes around the world have also experienced the rise in demand owing to their superior barrier properties and extended shelf life they provide to the contents. Manufacturers are observed to focus more on expanding production capacity to meet soaring demand. The global revenues will be predominantly driven by the pharmaceutical sector.
Key market characteristics observed in the global market for collapsible metal tubes include high demand for private label brands and various expansion activities by key players of the collapsible metal tubes market. The demand for high capacity collapsible metal tubes production lines is also rising. The market volume is expected to expand 1.4X during the forecast period 2017-2025. Transparency Market Research, in its report titled, “Collapsible Metal Tubes: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2025,” has segmented the global collapsible metal tubes market by product type, closure type, capacity, end-use, and geographic regions.
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The global collapsible metal tubes market is segmented geographically into five key regions including North America, Latin America, Europe, Middle East and Africa (MEA) and Asia Pacific (APAC). While APAC will remain dominant over others, Europe and North America will also maintain the key market positions with considerable market value shares over the forecast period.
Some of the players operating in the global collapsible metal tubes market include Montebello Packaging, Auber Packaging Co., Ltd., Andpak Inc., Adelphi Healthcare Packaging, Linhardt GmbH & Co. KG, CONSTRUCT Packaging, SUBNIL Packaging Machineries (P) Ltd., Universal Metal Products, Antilla Propack, Essel Propack Limited, Albéa S.A., PAKET CORPORATION, D.N.Industries, ALLTUB Group, Perfect Containers Pvt. Ltd., Hubei Xin Ji Pharmaceutical Packaging Co., Ltd., Jiujiang Deshun Adhesives Co., Ltd., PIONEER GROUP, IMPACT INTERNATIONAL and Almin Extrusion.