Collapsible Metal Tubes Market Overview
The global collapsible metal tubes market has the potential to touch a valuation of USD 1,353.1 million by 2023, postulates Market Research Future (MRFR). The market shows signs of achieving a growth rate of 4% during the forecast period (2018-2023).
The collapsible metal tubes market growth is stimulated by the mounting demand for cosmetic and personal care products all over the world. The trend of collapsible metal tubes is catching on, thanks to their easy to use and recyclable properties.
The global Collapsible Metal Tubes Market is segmented by product type, closure type, and end-use. By product type, the market consists of squeeze tube, twist tube, and others. By closure type, the market comprises standup cap, nozzle cap, fez cap, flip top cap, and others. On the basis of capacity, the market is segmented into less than 20 ml, 20 to 100 ml, and more than 100 ml. End-use industries requiring collapsible metal tubes include homecare and personal care, pharmaceutical, industrial, cosmetics, food, and others.
The key players of Food Service Packaging Market are –
ESSEL PROPACK LIMITED (India)
Montebello Packaging (Canada)
Linhardt GmbH & Co. KG (Germany)
Adelphi Healthcare Packaging (U.K.)
ALLTUB (The Netherlands)
Antilla Inc. (India)
Universal Metal Products (U.S.)
Jiujiang Deshun Adhesive Industry Co., Ltd (China)
Perfect Containers Pvt. Ltd. (India)
Andpak (U.S.), and others
Regionally, the global collapsible metal tubes market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). The APAC region was the undisputed leader in the market in 2017. It is predicted to hold onto its position till the end of the forecast period. This can be credited to economies of India and China which manufacture at cost-effective production rates and export it to other regions for a substantial bottom line margin. North America can generate significant revenue for the collapsible metal tubes market by 2023 owing to massive demand for personal care items.
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