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Collapsible Metal Tubes Market Size is projected to touch USD 1,353.1 million by 2023

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Collapsible Metal Tubes Market Size is projected to touch USD 1,353.1 million by 2023

Press Release

Summary

Global Collapsible Metal Tubes Market Research Report by Product Type (Squeeze Tube, Twist Tube, Others), by Closure Type (Standup Cap, Nozzle Cap, Fez Cap, Flip Top Cap, Others), by Capacity (Less than 20 ml, 20 to 100 ml, More than 100 ml), by End-use (Cosmetics, Industrial, Pharmaceutical, Food, Homecare & Personal Care, Others), and Region – Forecast to 2023

Collapsible Metal Tubes Market Overview

Cost-affordability and eco-friendliness are taking the bulk bags market ahead. A product of the latest technological advancements, these bulk bags are designed to store and transport industrial goods. The global bulk bags market is rapidly moving upscale to achieve a market valuation of USD 4956.7 million with a CAGR of 6.80% during the forecast period (2018-2023), reveals Market Research Future (MRFR). The report further incorporates drivers that can take the bulk bags market further in the coming years. Bulk bags market has already taken the fight to traditional packaging modes. Bulk bags are also known as flexible intermediate bulk containers (FIBCs) and can replace a pallet of sacks. These are made of woven polypropylene (PP) fabric, which has properties such as mildew resistance, moderate resistance to heat, shrinking & stretching, and in terms of strength, it can beat its traditional counterpart. In addition, these bulk bags can come in PVC variant. Its reusability makes it eco-friendlier ensuring further growth for bulk bags market in the coming years.

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However, the oscillating raw material price can dampen the bulk bags market prospect during the forecast period. But its growing popularity across verticals can set the bulk bags market right back on track.

Key Players

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

Regional Analysis

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.

Market Segmentation

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.

Report Methodology

Market Research Future prides itself on conducting top-notch research using its proprietary techniques. With a combination of primary and secondary research, analysts have managed to collect relevant data gathered from interviews with executives, whitepapers, SEC filings, and others to compile a thoroughly researched report. The data is verified with other sources to estimate future revenue and volume figures which assist investors in making wise business decisions. A mix of bottom-down and top-up approaches are undertaken to study the market from all perspectives.

Global Collapsible Metal Tubes Market by Product Type

Squeeze Tube

Twist Tube

Others

by Closure Type

Standup Cap

Nozzle Cap

Fez Cap

Flip Top Cap

Others

by Capacity

Less than 20 ml

20 to 100 ml

More than 100 ml

by End-use

Cosmetics

Industrial

Pharmaceutical

Food

Homecare & Personal Care

Others

by Region

North America

U.S.

Canada

Europe

Italy

Germany

France

U.K.

Rest of Europe

Asia Pacific

China

India

Japan

Rest of Asia Pacific

Rest-of-the-World

Middle East & Africa

Latin America

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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