June 18, 2024
Collapsible Metal Tubes Market

The Collapsible Metal Tubes Market Is Driven By Rapid Growth Of Skincare And Cosmetic Products

Collapsible metal tubes are an ideal packaging solution for skincare and cosmetic products owing to their portability, ease of use, and ability to maintain product integrity. These tubes are commonly used for packaging of pharmaceutical ointments, dental pastes, personal care creams and lotions, and other industrial and household products that require controlled dispensing. The advantage of using collapsible metal tubes is that they allow for convenient and hygienic application of viscous products without spillage or wastage. They also provide good barrier protection against oxygen, moisture and external contamination, ensuring long shelf-life of packed products. Furthermore, collapsible metal tubes are highly customizable and printable, enabling brands to stand out on shelves through innovative and attractive packaging design and branding.

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 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends observed in the collapsible metal tubes market is the increasing demand for aluminum tubes. Aluminum tubes offer excellent barrier protection against air, moisture and light. They also provide good clarity for product visibility and premium appearance. Moreover, aluminum is a sustainable and recyclable material. This has prompted players to introduce laminated and coated aluminum tubes catering to various end-use applications like cosmetics, pharmaceutical ointments, and others. For instance, Montebello Packaging recently launched a new range of laminated aluminum tubes which can be recycled and offer high quality printing for enhanced branding and communication.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate. Significant capital investments are required to manufacture collapsible metal tubes. However, the market is fragmented with presence of many regional and local players globally.

Bargaining power of buyers: The bargaining power of buyers is high. The market has numerous buyers and product differentiation is low. Buyers can easily switch between brands based on pricing.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. Significant raw material suppliers are present globally, thereby limiting complete control over pricing but suppliers still influence pricing to some extent.

Threat of new substitutes: The threat of new substitutes is low. Collapsible metal tubes provide value in terms of higher shelf life and portability. New substitutes may disrupt the market, but are not expected to replace collapsible metal tubes completely.

Competitive rivalry: The competitive rivalry is high. The market has many regional players competing on the basis of pricing and innovation.

Key Takeaways

The Global Collapsible Metal Tubes Market Growth is expected to witness high. 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 2031.

The Asia Pacific region currently dominates the market owing to high consumption in countries like India and China. Increasing per capita spending on cosmetic and personal care products is driving the demand in the region. North America is expected to grow at a significant rate during the forecast period. Growing demand for premium cosmetic products is boosting the adoption of collapsible metal tubes in the region. Strong distribution channels of major players will further aid market expansion.

Key players operating in the collapsible metal tubes market are Montebello Packaging, Linhardt GmbH & Co. KG, Adelphi Healthcare Packaging, and Unette Corporation.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it