May 22, 2024
Collapsible Metal Tubes Market

The Global Collapsible Metal Tubes Market is set to exhibit impressive growth trends by 2030

The collapsible metal tubes market has witnessed steady growth over the past few years owing to the rising demand for convenient packaging solutions in personal care and cosmetics industries. Collapsible metal tubes provide an economical and portable packaging solution for a variety of products like creams, gels, salves, ointments, and other viscous substances. Made from tinplate, aluminum or steel, these flexible packaging tubes prevent leakages and wastage of content while ensuring longer shelf life.

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 Size 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 key players focus on developing innovative packaging designs and materials to meet the evolving needs of end-use industries.

The demand for collapsible metal tubes is increasing owing to the rising sales of cosmetic products around the world. With growing awareness about personal grooming, the uptake of face creams, shampoos, hair gels and other cosmetics is surging dramatically. Ease-of-use packaging like collapsible tubes are highly preferred for storing and carrying cosmetic products conveniently.

The collapsible metal tubes market is expanding globally on account of growing product awareness in developing economies of Asia Pacific and Middle East & Africa. Leading brands are investing heavily in promotions and branding activities in emerging markets to tap the untapped growth potential. With increasing disposable incomes, people in developing nations are spending more on personal care and grooming products packaged in laminated plastic tubes or aluminum tubes.

Market Key Trends

One of the key trends gaining traction in the collapsible metal tubes market is the introduction of customized and innovative designs. Players are focusing on development of tubes with ergonomic designs, extended necks, angled tip features for improved gripping and precise dispensing. Collapsible tubes incorporated with airless pumps are also gaining popularity as they prevent contamination and oxidation of contents. Moreover, manufacturers are coming up with eco-friendly packaging solutions made from lightweight aluminum and recyclable materials to cater to the rising demand for sustainable products.

Porter’s Analysis

Threat of new entrants: New entrants face high initial investments in setting up manufacturing units and establishing distribution channels. This acts as a deterrent for new players.

Bargaining power of buyers: Buyers have high bargaining power due to the availability of substitutes. However, established customers prefer well-known brands.

Bargaining power of suppliers: Suppliers of raw materials have moderate bargaining power due to the availability of alternative suppliers. Suppliers may pass on rising costs but have limited control over prices.

Threat of new substitutes: Substitute products like plastic tubes provide stiff competition. Switching costs for customers are low.

Competitive rivalry: The market has numerous regional and global players competing on the basis of product quality, innovation, and pricing.

Geographical Regions

North America accounts for the largest share of the global collapsible metal tubes market due to the high consumption of cosmetic and pharmaceutical products. The United States witnesses strong demand for collapsible aluminum and tin-coated steel tubes from leading personal care brands.

Asia Pacific is projected to be the fastest-growing regional market over the forecast period, driven by Japan, China, and India. Expanding middle-class populations and rising disposable incomes are increasing the sales of premium cosmetic products in tubes. Manufacturers are also shifting production units to Asia for cost advantages.

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