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Albany, New York, May 07, 2019 (GLOBE NEWSWIRE) -- The global collapsible metal tubes market depicts a competitive and fragmented landscape. Large number of small players in the market are expected to toughen up the rivalry and put additional pressure on pricing, reports Transparency Market Research (TMR). Some key players in the global collapsible metal tubes market are Auber Packaging Co., Ltd., Montebello Packaging, Adelphi Healthcare Packaging, Andpak Inc., CONSTRUCT Packaging, and Linhardt GmbH & Co. KG.
The key players in the global collapsible metal tubes market are expected to undertake several innovations as collapsible metal tubes promise far more applications in the future. Currently, products such as coolers tasked with carrying cool beverages rely on the collapsible metal mechanism to keep the beverages fresh and safe. Additionally, the mechanism can also help vehicles to absorb shocks during collisions. Hence, technologies such as 3D stimulation coupled with manufacturing can create new opportunities for major players in the global collapsible metal tubes market.
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The global collapsible metal tubes market is likely to register a steady but slow growth during 2017-2025. The market promises to grow at 4.3% CAGR and reach US$1,550.8 mn in 2025. The collapsible metal tubes market stood at a total valuation of US$10.6 bn in 2016. The wide-spread application of collapsible metal tubes for carrying vital liquids in the pharmaceutical industry is expected to drive growth.
Among various product types, the global collapsible metal tubes market is expected to witness the highest growth for squeeze tubes. These tubes are convenient to use and offer a robust mechanisms to pour out hardened liquids. Moreover, among various regions, the global collapsible metal tubes market is expected to register the fastest growth in Asia Pacific. On the other hand, North America will register the highest revenue growth. Growing demand for pharmaceutical products and awareness are expected to drive this region.
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Ready-to-Eat Food Products Propel the Collapsible Metal Tubes Market
Changing lifestyle, and increasingly busy households are leading to a robust growth in demand for ready-to-eat food products. These food products are often coupled with squeeze tubes which can pour out ingredients over foods like Mayonnaise. Due to their natural affinity for ready-to-eat foods and convenience, the collapsible metal tubes market is expected to register the highest growth in the food segment. Additionally, the collapsible metal tubes market is also witnessing a rising demand from pharmaceutical products. These products captured over 50% of market share in 2016. Growing elderly population and rise in chronic illnesses are expected to create new opportunities in the collapsible metal tubes market.
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Stringent Regulation towards Plastic To Emerge As A Boon
Plastic products are facing an uncertain future everywhere, especially one-time use plastics. Small products like plastic tubes are expected to go out of fashion soon and will likely be replaced by more sustainable metal tubes in the near future. This change is already taking place as EU plans to completely ban single-use plastics in a gradual time-frame. Moreover, North America and Asia Pacific are expected to follow suit. As per the global consensus in regards to larger concerns like global warming, countries are expected to take strict actions against plastic products.
However, the relatively higher costs of production and lack of raw materials to meet demand are expected to restrain growth in the global collapsible metal tubes market during the forecast period.
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Information provided in this review is obtained from a TMR report, titled “Collapsible Metal Tubes Market (Product Type - Squeeze Tube, Twist Tube, and Others; Closure Type - Stand up cap, Nozzle cap, Fez cap, Flip top cap, and Others; Capacity - Less than 20ml, 20 to 100ml, and More than 100ml; End-use - Cosmetics, Home care & personal care, Industrial, Pharmaceutical, Food, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”
The global collapsible metal tubes market is segmented as:
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