QY Research has published a new report titled, “Global Aluminum Collapsible Tubes Market Research Report 2019,” which provides a comprehensive analysis of the market. In addition, it also gives an insightful understanding of the key strategies, business models, and relative shares of the prominent players in the competitive landscape. The report also consists of an in-depth study of the crucial factors, market segmentation, and region-wise data that captures all the facets of the evolving global aluminum collapsible tube market.
According to the report, the global aluminum collapsible tube market is expected to be worth US$1054.68 mn by the end of 2025 from US$795.04 mn in 2018. The market is estimated to register a CAGR of 4.12% throughout the forecast period.
Global Aluminum Collapsible Tubes Market: Drivers and Restraints
Significant factors such as increasing demand for the cosmetic and personal care products are expected to drive the market in the near future. The aluminum collapsible tubes are gaining traction as they can be recycled easily. Customers prefer flexible tubes as compared to rigid metal packaging as the former is more convenient and economical for transportation and waste management. In addition, the aluminum collapsible tubes have an extended shelf life properties, which is also expected to drive the growth of the market over the forecast period.
However, fluctuation in the prices of raw materials combined with stringent government regulations are some of the factors that are expected to hamper the growth of the market.
Global Aluminum Collapsible Tubes Market: Forecast by Segment
The global market for an aluminum collapsible tube is segmented into application and product type. The product type segment includes more than 40mm, less than 20mm, and 20 to 40mm. The application segment is classified into industrial, pharmaceutical, food, and cosmetics and personal care.
Global Aluminum Collapsible Tubes Market: Forecast by Geography
North America is likely to be the largest market for aluminum collapsible tubes due to growing consumption of cosmetic and personal care products in this region. Asia Pacific is also growing at a promising rate due to an extensive evolution of the retail sector in emerging economies such as China and India, which is further expected to boost the sales of the aluminum collapsible tubes in this region.
Global Aluminum Collapsible Tubes Market: Key Players
Some of the top players operating in the global market for aluminum collapsible tubes market are Simal Packaging, Alltub, Universal Metal Products, Linhardt, Impact International, Alucon, Patel Extrusion, Hubei Xin Ji, Perfect Containers Group, Shun Feng, Pioneer Group Of Industries, Shanghai Jia Tian, and La Metallurgica.
Global Aluminum Collapsible Tubes Market: Competitive Landscape
The report identifies the global key players of the market and further highlights the growth strategies, adopted by these players. Companies are adopting innovative product development, mergers and acquisitions, and joint ventures strategies for further development in their business.