Collapsible Tubes Packaging Market Size, Share, and Industry Analysis By Material (Aluminum, Plastic, and Others), By Type (Twist and Squeeze), By End-use Industry (Personal Care & Cosmetics, Food & Beverages, Pharmaceuticals, and Others), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI109399 | Status : UpcomingCollapsible tube packaging refers to cylindrical containers that are available in the shape of cylindrical, oval, and hollow pieces and are used for the depository of gluey liquids. The packaging solutions are estimated to expand due to their attractive properties. The packaging ensures the prolonged shelf life of content and ensures convenience in the application. The collapsible tubes are easy to use and it is a sustainable packaging solution. Customers are increasingly concerned about the adverse effects of plastic packaging, which is expected to promote the growth of foldable metal tubes. Additionally, precise dispensing, protection of products, and flexibility are some other core properties of the collapsible tubes, which are boosting the market growth.
- In July 2023, Ball Corporation acquired Neuman Aluminium, the leading North American producer of aluminum slugs used to make cans, bottles, collapsible tubes, and technical impact extrusions. The acquisition is an investment by Ball in a business that has the technology to access new markets.
The growing demand for collapsible tubes for emergency aids and drugs is also anticipated to stimulate sales opportunities in the global market. The introduction of solvent-free tube packaging solutions and developed packaging technology has also contributed to market growth. Sugarcane bioplastic is used to manufacture packaging solutions that reduce the carbon footprint on the environment. Based on the environment-friendly features, the market is expected to experience growth opportunities during the forecast period.
Rising environmental concerns due to the wastage of plastic packaging are hindering the market growth. Instead of plastic, many alternatives are driving the market growth, such as laminate and aluminum. Some of the issues include metal corrosion caused by oxidation, which is one of the challenges for the collapsible tube packaging market.
The COVID-19 pandemic negatively affected the collapsible tube packaging market. During the post-pandemic era, the demand from the pharmaceutical industry is anticipated to boost the market and end-use industries are gradually resuming their manufacturing and services. Thus, the market is expected to grow significantly during the forecast period.
KEY INSIGHTS
The report covers the following key insights:
- Recent Advancements in the Collapsible Tubes Packaging Market
- Key Industry Trends
- Regulatory Landscape for the Collapsible Tubes Packaging Market
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- Impact of COVID-19 on the Market
SEGMENTATION
By Material | By Type | By End-use Industry | By Geography |
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ANALYSIS BY MATERIAL
Based on material, the market is segmented into aluminum, plastic, and others. The aluminum segment holds the largest share in the collapsible tube packaging market. The product made from aluminum is light in weight, water resistant, and has a better appearance. The material observes heat, cold, and pressure, which makes them convenient for packaging. Aluminum is sustainable and it can be recycled multiple times.
ANALYSIS BY TYPE
Based on type, the market is segmented into twist and squeeze. The squeeze segment holds the largest share in the collapsible tube packaging market. The rising product adoption from different end-use industries, such as personal care & cosmetics and pharmaceuticals, is boosting the segment growth. The tubes are leak-proof, non-breakable, and lightweight, which increases the demand for the product.
ANALYSIS BY END-USE INDUSTRY
Based on end-use industry, the market is segmented into personal care & cosmetics, food & beverages, pharmaceuticals, and others. The personal care & cosmetics segment holds the largest share in the collapsible tube packaging market. The growing demand for organic and natural products is contributing to the segment growth. The demand for visually appealing and convenient tubes and the rising need for chemical-free, biological goods are fuelling the personal care & cosmetic industry expansion.
REGIONAL ANALYSIS
By region, the collapsible tube packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the leading region of the collapsible tube packaging market. The regional market growth is due to the increasing consumption of personal care & cosmetic products by consumers. Additionally, collaborations for recycling initiatives and innovative designs contribute to the market growth in the region. Asia Pacific holds the second-largest regional share of the market. India and China play an essential role in stimulating the demand for collapsible tubes. They are emerging as the hubs of production for these packaging solutions, which is boosting the market in the region.
Europe is expected to record significant growth in the region as the manufacturers are likely to bring innovation in technologies used in packaging methods that are alternatives to plastic materials. The growth in the pharmaceutical industry is expected to contribute to market growth. Latin America is anticipated to register moderate growth due to the rising disposable income, which tends to affect customer purchase decisions, resulting in increased product demand. The cost-effective rates by the end-use industry further increase the market growth in the region. Middle East & Africa is expected to have stable growth in the region. The rising oral health hazards have increased the demand for oral products, boosting the collapsible tube packaging market expansion.
KEY PLAYERS COVERED
The report includes the profiles of key players such as Berry Global, Inc., CCL Industries, VisiPak, Montebello Packaging, Adelphi Healthcare Packaging, LINHARDT Group, EPL Limited, ALLTUB Group, Auber Packaging Co., Ltd., and Andpak.
KEY INDUSTRY DEVELOPMENTS
- In June 2022, Global Tube Laminates continued to work on improving sustainable characteristics using Critical Guidance Recognition, the association of Plastic Recyclers (APR) in North America. The laminate solutions can be found in a number of dental care and cosmetic products.
- In May 2022, Emballator launched mono-material tubes for small doses. The company introduced a series of six mono-material PE or aluminum tubes made with green electricity, which are aimed at small applications of cosmetics and medicines.
- In May 2022, Tubettificio Favia merged with Perfektup. Turkish company Perfektup, one of the most essential collapsible tube companies in Europe, acquired 100% interest in Tubettifico Favia. It was an assertive turning point, which opened up a new international consolidation for the historic Italian company.
- In January 2022, Berry Global partnered with Raw Elements USA and launched a sugarcane-based tube for their moisturizer, natural and reef-friendly sunscreen, and hand sanitizer product lines. The polyethylene tubes, ranging from 2 to 4 ounces, are produced in Berry’s vertically integrated manufacturing facility in Evansville, Indiana.
- Global
- 2023
- 2019-2022