Global aluminum collapsible tubes market is expected to grow at a compound annual growth rate of 5.26% over the period 2019 to 2024 to reach a market size of US$1,831.313 million by 2024 from US$1,346.293 million in 2018. Aluminum collapsible tubes refer to the flexible containers used for the 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 aluminum collapsible tubes is expected to increase on account of the cost-effectiveness of using aluminum in contrast to other metallic alternatives. The emerging trend of consumers favoring flexible packaging as opposed to rigid packaging is estimated to drive the demand for the aluminum 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 aluminum 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 aluminum collapsible tubes market has been analyzed through the following segments: