PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587682
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587682
According to Stratistics MRC, the Global Aluminium Collapsible Tubes Market is accounted for $1.25 billion in 2024 and is expected to reach $1.71 billion by 2030 growing at a CAGR of 5.3% during the forecast period. Aluminum collapsible tubes are a common packaging option across a range of industries because of their exceptional barrier qualities, lightweight design, and longevity. The main application for these tubes is in the packaging of goods where protection from light, air, and contamination is essential, such as food, cosmetics, and medications. The collapsible design effectively dispenses the product without allowing air to return to the tube, thereby prolonging the contents shelf life.
According to the European Aluminium Association, approximately 75% of all aluminum ever produced is still in use today due to its recyclability, which makes aluminum packaging, including collapsible tubes, a sustainable choice for manufacturers aiming to reduce their carbon footprint.
Demand for eco-friendly packaging
One of the main factors driving the market for aluminum collapsible tubes is the global movement towards sustainability. Customers are becoming more conscious of how packaging waste, especially plastic, affects the environment. Consequently, materials with a lower carbon footprint and those that are recyclable are becoming more and more popular. Because aluminum can be recycled endlessly without losing quality, it's a desirable choice for companies looking to lessen their environmental effect. Additionally, to consumer preferences, corporate responsibility initiatives are also driving this trend as businesses look to improve their brand image by implementing sustainable practices.
Price fluctuations for aluminum
One of the biggest problems facing manufacturers in the collapsible tube market is the price volatility of aluminum. Changes in global demand, mining costs, and geopolitical tensions are just a few of the variables that can cause price fluctuations. Because of the potential for higher production costs due to this unpredictability, aluminum tubes may become less competitive when compared to other packaging options. Moreover, manufacturers must create plans to efficiently handle these swings in order to preserve market stability and profitability.
Developments in manufacturing technology
The production of aluminum collapsible tubes is changing as a result of advancements in manufacturing technologies like automation and 3D printing. These developments may result in higher productivity, less waste, and better-quality products. Automation, for example, can expedite production procedures, and 3D printing enables quick prototyping and tube design customization. Additionally, businesses can improve their operational capabilities and better meet the evolving needs of their customers by investing in contemporary manufacturing technologies.
Competitive pressure from other packaging options
Alternative packaging options such as plastic tubes, pouches, and pump bottles pose a serious threat to the market for aluminum collapsible tubes. These substitutes frequently have benefits like lighter weight, reduced production costs, and more design flexibility. For instance, pouches are becoming more and more popular because of their convenient use and space-saving qualities, especially in the packaging of food and beverages. Furthermore, these substitutes may be chosen over aluminum tubes by brands looking for affordable and user-friendly solutions. Manufacturers of aluminum collapsible tubes may see their market share and expansion prospects restricted by this competition.
The market for aluminum collapsible tubes was greatly impacted by the COVID-19 pandemic, mostly as a result of supply chain and manufacturing process disruptions. The availability of aluminum tubes, which are necessary for many applications, especially in the pharmaceutical and cosmetics industries, was hampered by lockdowns and restrictions that resulted in decreased production capacity and delays in the supply of raw materials. Demand for goods packaged in aluminum tubes was further impacted by the economic downturn, which also led to consumers spending less on non-essential items. Moreover, the market was put under additional strain by logistical difficulties and rising expenses associated with health and safety precautions during the pandemic, which led to a brief drop in growth and profitability.
The Squeeze Tubes segment is expected to be the largest during the forecast period
The market for aluminum collapsible tubes is dominated by the squeeze tube segment. Squeeze tubes are preferred because of their adaptability and simplicity of use, which make them perfect for a variety of uses, especially in the personal care and cosmetics sectors. For the convenience of the consumer, their design enables the effective dispensing of goods like creams, gels, and ointments. Squeeze tubes are also frequently seen as hygienic and easy to use, which adds to their appeal to both manufacturers and customers. Additionally, this segment is a major player in the market for aluminum collapsible tubes as a whole, driven by the rising demand for creative packaging solutions that blend practicality and visual appeal.
The Less than 20mm segment is expected to have the highest CAGR during the forecast period
The market for aluminum collapsible tubes is expected to grow at the highest CAGR in the less than 20mm segment. The main reason for this segment's growth is its appropriateness for specialized uses, especially in the cosmetics and pharmaceutical sectors, where smaller, travel-sized products are becoming more and more popular. As consumers look for convenience and ease of use in their daily routines, there is an increasing demand for small and portable packaging solutions. Furthermore, as brands strive to accommodate particular consumer preferences with smaller-sized tubes, the trend toward personalization and customization in product offerings further propels growth in this market.
The market for aluminum collapsible tubes is dominated by the Asia-Pacific region, which is fueled by the strong expansion of the cosmetics and pharmaceutical sectors. Urbanization, growing disposable incomes, and shifting consumer preferences toward eco-friendly and convenient packaging options are the main characteristics of this area. China, in particular, is a major player in this market because it has many important players and benefits from a sizable population and an expanding middle class. Moreover, the Asia-Pacific market is expanding due to the growing demand for high-quality packaging in industries like pharmaceuticals and personal care, which makes it a crucial region for industry players hoping to take advantage of new opportunities.
Due to the presence of reputable pharmaceutical and cosmetics industries, the North American region has the highest CAGR in the market for aluminum collapsible tubes. High consumer spending and a strong emphasis on sustainability, which is increasingly influencing packaging choices, are advantageous to the region. The market for aluminum collapsible tubes is being driven by the rising demand for high-end personal care items and medications in North America. Additionally, consumer preferences for products that are both environmentally conscious and functional are also in line with the trend towards eco-friendly packaging options.
Key players in the market
Some of the key players in Aluminium Collapsible Tubes market include Amcor plc, Sonoco Products Company, Pioneer Group, Hoffmann Neopac AG, Almin Extrusion, Boston Scientific Corporation, Intrapac International LLC, Adelphi Group, Alltub, CCL Industries, Linhardt GmbH & Co. KG, Berry Global Inc., GmbH, Girnar Group, Unicep and Alucon.
In June 2024, Sonoco Products Company announced it has entered into an agreement to acquire Eviosys, Europe's leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP for approximately $3.9 billion. The transaction accelerates Sonoco's strategy to focus on and scale its core businesses and invest in high return opportunities, both organically and inorganically.
In January 2024, Boston Scientific Corporation announced it has entered into a definitive agreement to acquire Axonics, Inc., a publicly traded medical technology company primarily focused on the development and commercialization of differentiated devices to treat urinary and bowel dysfunction.
In November 2023, Amcor, a global leader in developing and producing responsible packaging solutions, announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor's commitment to support packaging circularity.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.