June 17, 2024
Collapsible Metal Tubes Market

Collapsible Metal Tubes Market Witnesses High Growth owing to Wide Applications in Automotive and Construction Sectors

Collapsible metal tubes products are commonly used for packaging pasta, toothpaste, and cosmetics. They provide convenience of use due to their ease of application and portability.

The global collapsible metal tubes market is estimated to be valued at US$ 11.76 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the collapsible metal tubes market are PPG Industries, Akzo Nobel N.V., Sherwin-Williams Company, BASF SE, The Dow Chemical Company, Arkema Group, RPM International Inc., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems Ltd., Asian Paints Limited, Kansai Paint Co., Ltd., Jotun Group, Sika AG, Hempel A/S, Benjamin Moore & Co.

The key opportunities in the market include expanding application in automotive and construction industries. Collapsible Metal Tubes Market Size provide convenience and environmental friendly packaging solutions for paints and coatings used in these industries.

Technological advancements such as development of aluminum and composite collapsible metal tubes provide better barrier properties, sustainability, and lower costs. This is expected to drive their demand over the forecast period.

Market drivers

The growing automotive and construction industries worldwide are the major market drivers for collapsible metal tubes. Auto OEMs and contractors demand portable and reusable packaging for paints and coatings. Collapsible metal tubes meet this demand well through their ease of use and ability to avoid spillage. The growth in building projects and vehicle production will continue driving sales of collapsible metal tubes market during the forecast period.

Current Challenges in Collapsible Metal Tubes Market

The collapsible metal tubes market is facing challenges such as increasing prices of raw materials like aluminium and plastic resins. Aluminium prices have been rising sharply globally due to supply constraints which is negatively impacting the production costs for manufacturers. Plastic resins which are used in laminated tubes are also witnessing high price volatility in the global market. Moreover, stringent environmental regulations around the world regarding usage of plastics are compelling manufacturers to reduce plastic content in tubes, posing technical and design challenges. Rising competition from alternative packaging solutions like plastic bottles and pouches is another major challenge.

SWOT Analysis

Strength: Lightweight and compact nature of collapsible tubes makes them convenient for storage and portability. Can maintain product integrity and extend shelf life.

Weakness: Possibility of damage to product due to crumpling of tube during storage or transportation. Limited decoration possibilities compared to rigid packaging.

Opportunity: Growing demand for sustainable and recyclable packaging solutions represents an opportunity. Popularity of cosmetic and beauty products boosts demand for collapsible tubes.

Threats: Regulations banning certain types of plastic can hamper production. Increase in raw material prices is a major threat.

Geographical Regions
Europe accounts for the largest share in the global collapsible metal tubes market, both in terms of production and consumption. Countries like Germany, UK, France and Italy have significant market presence. North America is another major region driven by rising demand from the US. The collapsible metal tubes market in Asia Pacific region is growing at a rapid pace led by China, India and other emerging economies on account of expanding middle class population.

Fastest Growing Region
Asia Pacific region is poised to exhibit fastest growth in the collapsible metal tubes market over the forecast period. This can be attributed to expanding consumer base, strong economic growth, rising disposable incomes, growing urbanization and shifting lifestyle trends in the region. Developing nations like China and India are anticipated to drive high demand for cosmetics, food and other products that use collapsible metal tubes as packaging.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it