The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Collapsible Metal Tubes Market. This MRFR report on the Collapsible Metal Tubes Market indicates critical pointers that may emerge as growth hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market participants.
Covid-19 analysis by MRFR reveals that the curbed consumer demand in the face of the current lockdown situation has led to massive revenue loss for auto manufacturers. Since auto-suppliers are heavily dependent on migrant labor, their absenteeism can result in sluggish revival after the lockdown, causing a domino effect throughout the value chain.
The regional segmentation of the collapsible metal tubes market comprises Europe, North America, Asia Pacific or APAC, and the Rest-of-the-World or RoW.
In 2017, APAC emerged as the undisputed leader in the global market and has the potential to retain its lead till the end of the evaluation period. The market growth in the region is mostly due to the contribution of developing countries like India and China, known for manufacturing at cheaper production rates and then exporting to other areas at a considerable profit margin. The extensive growth of the retail industry in these countries hash led to the robust sales of collapsible metal tubes. With respect to Covid-19 breakthrough in the region, the efforts being put in to discover a vaccine is expected to work in favor of the collapsible metal tubes market. It is projected that once the lockdown period gets over, manufacturers will be redesigning operation processes to be more responsive and lean, backed by a better strategy to deal with the short-term impact of the pandemic.
Leading competitors in the market are Adelphi Healthcare Packaging (U.K.), Andpak (U.S.), ESSEL PROPACK LIMITED (India), Montebello Packaging (Canada), Linhardt GmbH & Co. KG (Germany), ALLTUB (The Netherlands), Antilla Inc. (India), Universal Metal Products (U.S.), Perfect Containers Pvt. Ltd. (India), Jiujiang Deshun Adhesive Industry Co. Ltd (China), to name a few.
The collapsible metal tubes industry has been considered for product type, closure type, capacity and end-use.
The product types described in the market study are twist tube, squeeze tube, and others.
The closure type-based market segmentation comprises nozzle cap, standup cap, flip top cap, fez cap, and others.
Capacity-wise segments include less than 20 ml, 20 to 100 ml, as well as more than 100 ml.
The end-use industries that deploy collapsible metal tubes are food, pharmaceutical, homecare and personal care, cosmetics, industrial, and others.
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