Collapsible Metal Tubes Market is Estimated to Witness High Growth
Author : Sneha Biswal | Published On : 22 Jan 2024
Collapsible metal tubes are flexible containers made from thin sheet metal and specifically designed for pasty products like ointments, gels, creams and other viscous substances. Equipped with a mechanism that aids dispensing the product in a controlled manner without squeezing the tube, collapsible metal tubes provide precise and hygienic dosage. Their aseptic packaging ability keeps products fresh for longer without requiring preservatives.
Market Opportunity:
Convenient packaging plays a key role in boosting product sales across industries and the collapsible metal tubes market offers an excellent opportunity in this aspect. Their compact design makes collapsible metal tubes highly portable which encourages on-the-go consumption. This has increased their popularity for cosmetic and personal care products. Moreover, collapsible metal tubes production is an environment friendly process as it reduces waste and requires less materials compared to rigid boxes. The eco-friendly packaging solution is garnering attention from conscious consumers and brands towards collapsible metal tubes.
Porter’s Analysis
Threat of new entrants: Low-moderate threat of new entrants given the capital requirements needed for manufacturing facilities and brand recognition in the market.
Bargaining power of buyers: Moderate bargaining power of buyers due to availability of alternatives in the market, though buyers prefer quality brands providing value added offerings.
Bargaining power of suppliers: Suppliers have moderate bargaining power given the dominance of few raw material suppliers and need to ensure consistent supply.
Threat of new substitutes: Low threat as collapsible tubes offer convenience of packaging and higher barrier protection compared to alternatives.
Competitive rivalry: High competition exists among existing suppliers to gain market share.
SWOT Analysis
Strength: Durable and portable packaging solution for various products; Barrier protection extends product shelf life.
Weakness: Raw material price volatility affects profitability; Higher capital investment required for manufacturing equipment.
Opportunity: Growing demand for smaller sized premium products; Potential in cosmetics and oral care segments.
Threats: Stringent regulations on material disposal post consumption; Substitution threat from flexible pouches.
Key Takeaways
The Global Collapsible Metal Tubes Market Demand is expected to witness high growth during the forecast period of 2024 to 2031. 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 dominates the global market and is expected to maintain its leading position over the forecast period. In Asia Pacific comprises consistently rising demand for convenient packaging from expanding middle class population coupled with favorable government initiatives for manufacturing sector in China and India is expected to drive the collapsible metal tubes market in this region.
Key players operating in the Collapsible Metal Tubes market are Montebello Packaging, Adelphi Healthcare Packaging, Linhardt GmbH & Co. KG, ANDPak Inc., IntraPac International Corporation, Pioneer Group, and Tubapack.
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