Aluminum Tubes Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Aluminum Tubes Market grew at a CAGR of 4.5% between 2017-2021 and is estimated to be US$ 1,641.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.3% and is expected to reach a valuation of US$ 2,750.9 Mn by 2032 end.
Tube packaging is gaining popularity among packaging makers worldwide in the cosmetics and oral care industries. Unique qualities of aluminum material include ease of molding, low weight, resistance to corrosion, etc.
Manufacturers are now more commonly used aluminum than other alternatives because of its superior packing qualities. The market for aluminum tubes worldwide is growing due to these causes.
ORAL CARE & COSMETIC SEGMENT WILL PROPEL THE MARKET
In the cosmetics business, where the majority of haircare, skincare, makeup, and other products are produced, aluminum tubes have a variety of uses. Typically, these tubes are squeeze or twist tubes with various attached caps, including nozzle caps, stand-up caps, flip-top caps, and others. Aluminum tubes are in high demand in the cosmetic and oral care industries because of their potential to protect the inside product from airborne contaminants, vapors, UV radiation, etc.
These elements are pressuring producers to expand the variety of aluminum tubes they offer. For instance, Hankel released hair color in boxes to their portfolio in November 2021. The lines are made of 100% recyclable aluminum to promote environmentally friendly packaging options. These user-friendly aluminum tubes that can be recycled shield the product from the elements. Professionals and consumers face future market expansion and higher demand for aluminum tubes.
Market Segments Covered in Report
By Tube Type:
By Region and Country:
Which is the most important tube type segment in the Aluminum Tubes market?
Twist Tube is the most important tube type segment in the Aluminum Tubes market.
Which end-user is expected to expand the fastest during the forecast period?
Pharmaceuticals are expected to expand the fastest during the forecast period.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for aluminum tubes in the worldwide industry, market players can anticipate attractive growth prospects in the future.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Tube Type, Product, Capacity, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.3%.
The oral care & cosmetic segment will propel the market
Major global Aluminum Tubes Market players are Montebello Packaging, Alltub Group, Norsk Hydro, Linhardt GmbH & Co., Perfect Containers Pvt. Ltd., Tubettificio M. Favia s.r.l., Oriental Containers Pvt. Ltd
Asia Pacific Region is expected to account for the largest market revenue share in the Global Aluminum Tubes market.
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