Collapsible Metal Tubes Market to reach US$ 17.25 billion owing to Rising Cosmetic Industry

Collapsible metal tubes are cylindrical containers made from thin metal foils which are collapsible when the product inside is dispensed. These tubes are majorly used for packaging of viscous products like cosmetics, pastes, pharmaceuticals and food items to maintain product freshness and hygiene. Collapsible Metal Tubes Market Size helps in maintaining the quality of the product and extending its shelf life. The barrier properties of metal ensures zero interaction between the product and external environment. Some key advantages of using collapsible metal tubes include precision filling and dosing, lightweight and compact packaging solution and tamper proof packaging.

The Global Collapsible Metal Tubes Market is estimated to be valued at US$ 11.77 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Collapsible Metal Tubes 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 increasing demand for natural and organic cosmetic products like anti-aging creams, sunscreens, foundations etc. is driving the growth of collapsible metal tubes market. Technological advancements like augmented reality enabled packaging and sustainable packaging solutions are further fueling the market opportunities.

Growing demand from cosmetic industry: The expanding global cosmetic industry owing to rising beauty and personal care spending is positively influencing the market. Cosmetic products worth around US$ 494 Bn were packaged in collapsible metal tubes in 2023.

Technological advancements: Innovations in augmented reality enabled collapsible metal tubes that allows virtual product trial before purchase and sustainable metal tubes made from recycled aluminum are gaining traction. These developments are expected to boost consumer experience and drive market revenue.

Market Trends

- Downsizing of tube diameters: Manufacturers are focusing on reducing tube diameters to minimize packaging footprint and raw material consumption.
Narrow neck tubes upto 12mm are gaining demand.

- Recyclable and sustainable tubes: With rising environmental concerns,production of collapsible metal tubes from recycled aluminum is a key trend. Tubes with recycle labels are witnessing higher growth.

Market Opportunities

- Growing demand in emerging economies: Markets in Asia pacific and Latin America are projected to offer substantial opportunities owing to improving living standards and rising disposable incomes.

- Opportunities in pharmaceutical packaging: Innovations in patient friendly dosage designs, extended shelf life formulations and tamper evident packaging provides scope for expanded application in pharmaceutical industry.

Impact of COVID-19 on Collapsible Metal Tubes Market

The outbreak of COVID-19 pandemic has impacted the growth of collapsible metal tubes market significantly. During the initial lockdown phase across various countries, the supply chain of raw materials was disrupted which hampered the production activities. This led to decline in demand from end use industries like pharmaceuticals, personal care and cosmetics. The restrictions on travel and transportation further aggravated the supply chain issues. However, with increase in awareness about hygiene and sanitization during the pandemic, the demand for personal care and healthcare products saw an uptick which provided some relief to the market. As the lockdowns eased, the production activities resumed gradually with implementation of proper safety measures. But issues still persist in terms of securing raw materials, labor shortage and reduced operational capacity owing to social distancing norms. Overall, the pandemic has slowed down the growth momentum of the market which is expected to recover gradually as economic activities normalize in the coming years. Manufacturers need to focus on establishing robust supply chain network, optimize production and inventories to overcome challenges posed by COVID-19 in long run.

Geographical Regions with Highest Concentration of Collapsible Metal Tubes Market

Asia Pacific region dominates the Collapsible Metal Tubes Market Regional Analysis in terms of value. Countries like India, China, Japan and South Korea are major consumers of collapsible metal tubes due to well established personal care and cosmetics industry. Easy availability of raw materials and low production costs have supported the market growth in Asia Pacific. North America and Europe also accounts for sizable share owing to high spending power of consumers on premium personal care and healthcare products. Middle East and Africa is projected to witness fastest growth during forecast period with increasing demand from countries like Saudi Arabia, United Arab Emirates, South Africa etc. Overall, Asia Pacific followed by North America and Europe leads the collapsible metal tubes market globally.

Fastest Growing Regional Market for Collapsible Metal Tubes

Middle East and Africa region is poised to exhibit fastest growth in collapsible metal tubes market during the forecast period. Factors such increasing disposable incomes, expanding middle class population, growing consciousness about personal appearance are driving the sales of cosmetic and personal care products across African countries. Rapid urbanization and changing lifestyles are further fueling the market growth. Countries like Saudi Arabia, South Africa and Egypt will major growth centers with improving economic conditions. Expanding manufacturing base of pharmaceuticals and consumer goods industry offers immense opportunities for collapsible metal tubes market in Africa. Government initiatives to attract foreign investments also augur well for market players. Thus, Middle East and Africa emerges as the most lucrative regional market for collapsible metal tubes globally over coming years.

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About Author

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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