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Regional Analysis
The Asia Pacific region is the largest collapsible metal tubes market size globally. The market growth attributes to the expansion of various end-use applications such as cosmetics, industrial, pharmaceutical, food, and home care & personal care, among others. Due to the rapidly emerging markets in India and China where manufacturers offer cost-effective production and export rates to gain a substantial bottom line margin, the APAC region is further estimated to create a considerable revenue pocket during the forecast period (2018 to 2023).
Competitive Landscape
Highly competitive, the market appears to be highly fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain key trends for the leading players to gain a competitive advantage in the market. They strive to develop low-cost collapsible metal tubes with longer life. The market competition is projected to intensify further due to the entry of new market players.
Major Players:
Players leading the global Collapsible Metal Tubes Market Size include Montebello Packaging (Canada), Essel Propack Limited (India), Linhardt GmbH & Co. KG (Germany), ALLTUB (The Netherlands), Adelphi Healthcare Packaging (UK), Antilla Inc. (India), Jiujiang Deshun Adhesive Industry Co., Ltd (China), Universal Metal Products (US), Perfect Containers Pvt. Ltd. (India), and Andpak (US), among others.
Industry/ Innovations/ Related News:
December 19, 2018 ---- Essel Propack Limited (India), a leading global manufacturer of a range of multilayer collapsible tubes, announced USD 31.2 MN investments to expand its manufacturing facility located in Danville. The investment will be utilized to introduce new super-high-output tubes (SHOT) technology, which is expected to double the plant’s production capacity.
Company’s decision to introduce new technology would ensure the leading position of Southern Virginia and the Commonwealth in advancements in the manufacturing industry. Specialty packaging company Essel Propack, together with its subsidiaries, manufactures and sells plastic packaging materials in the form of multilayer collapsible tubes and laminates to serve the packaging needs of personal care, food, pharmaceutical, and other businesses.
Read More:
https://issuu.com/www.marketresearchfuture.com/docs/metal_20food_20cans_20market
https://issuu.com/www.marketresearchfuture.com/docs/alcohol_20packaging_20market_20share
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