Global aluminium collapsible tubes market is expected to grow at a compound annual growth rate of XX% over the period 2019 to 2024 to reach a market size of US$XX billion by 2024 from US$XX billion in 2018. Simultaneously, the estimated volume of aluminium collapsible tubes is expected to increase from XX metric tonnes in 2018 to XX metric tonnes in 2024. Aluminium collapsible tubes refers to the flexible containers used for storage of products such as creams, gels, etc. These tubes assist in the prevention from external contaminants such as toxic gases, odour, dust, etc. which may hamper the quality of the substances that have been packaged along with the advancement of the shelf life of the products which as a result is projected to enhance the demand for the market during the forecast period. Furthermore, the demand for aluminium collapsible tubes is expected to increase on account of the cost effectiveness of using aluminium in contrast to other metallic alternatives. The emerging trend of consumers favouring flexible packaging as opposed to rigid packaging is estimated to drive the demand for the aluminium collapsible tubes market. Moreover, the rising demand for cosmetic products in the North America region is anticipated to further aid the growth of the market in the coming years.
Rising demand for cosmetic products
Changing preference towards flexible packaging
Availability of substitutes
The major players profiled in the aluminium collapsible tubes market include Essel Propack Limited, Montebello Packaging, Andpak Inc., Universal Metal Products, Adelphi Healthcare Packaging, Albea S.A., Almin Extrusion, Paket Corporation, Pioneer Group, ALLTUB Group, CONSTRUCT Packaging, Antilla Inc., SUBNIL (P) Ltd., LINHARDT GmbH & Co. KG, Perfect Containers Group, Hubei Xin Ji Pharmaceutical Packaging Co., Ltd., Collapsible Tubes Corporation, Sorbead India.
The aluminium collapsible tubes market has been analyzed through the following segments:
Flip Top Cap
Stand Up Cap
By End User
Middle East and Africa