Published on : Apr 30, 2018
Albany, New York, April 30, 2018: A fresh forecast study, titled “Collapsible Metal Tubes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025” has been broadcasted to the mega-repository of Market Research Hub (MRH). This 262-page study provides granular analysis of notable trends and developments, product innovations, drivers and restraining factors, and the strategic dynamics in various regions. For a better understanding of the market, the report highlights opportunities in the collapsible metal tubes market at the global and regional level. Prime regions emphasized in the study are North America, Europe, Latin America, Japan, Middle East & Africa (MEA), and Asia Pacific; these are analyzed in terms of market revenue.
Major Insights from the Study
According to the research, collapsible metal tubes are gaining momentum in the present time due to to their wide-spread usage in pharmaceutical and cosmetics industry. The manufacturers of collapsible metal tubes around the world have also experienced the rise in demand owing to their superior barrier properties and extended shelf life they provide to the contents. As per the recent evaluations, the global collapsible metal tubes market is expected to expand at a CAGR of 4.3% in terms of market value during the forecast period, 2017-2025. Revenue-wise, the global collapsible metal tubes market was valued at US$ 1,069.4 Mn in 2016 and is expected to be valued at US$ 1,550.8 Mn in 2025.
The research further also finds that exploding global urban population and increasing concern among consumers regarding the ill effects of plastic packaging on environment has propelled the market for collapsible metal tubes. Geographically, Asia Pacific is expected to create very high opportunity for the market. This is due to more than twice the demand of collapsible metal tubes originating from the pharmaceutical sector in the region.
On the basis of product type, the global collapsible metal tubes market is segmented into squeeze tube, twist tube, and others. Of these, squeeze type collapsible metal tubes segment is expected to be the largest contributor to the global collapsible metal tubes market revenues. On the basis of end-use, the market is segmented into cosmetics, home care & personal care, industrial, pharmaceutical, food, and others.
In addition to the regional analysis, crucial information provided in the report provides imperative insights on the leading market players identified in the above-mentioned regions. The valuable insights provided in the report also throw light on the strategies adopted by major firms. On the basis of these insights, new entrants and existing companies can get a better understanding of the market and develop informed strategies. Currently, Some of the players operating in the global collapsible metal tubes market include Montebello Packaging, Perfect Containers Pvt. Ltd., Auber Packaging Co., Ltd., Andpak Inc., Adelphi Healthcare Packaging, Linhardt GmbH & Co. KG, CONSTRUCT Packaging, SUBNIL Packaging Machineries (P) Ltd., Universal Metal Products, Antilla Propack, Albéa S.A., PAKET CORPORATION, D.N.Industries, ALLTUB Group, Hubei Xin Ji Pharmaceutical Packaging Co., Ltd., Jiujiang Deshun Adhesives Co., Ltd., IMPACT INTERNATIONAL, and Almin Extrusion.
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