Metal Tubes for Cosmetics Market| COVID-19 Impact Analysis and Forecast

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The increasing public demand for innovative packaging formats is encouraging manufacturers to ramp up their production capacities worldwide. The penetration of plastic tubes being a viable threat to the environment offers a wide scope to bolster sales in the Metal Tubes for Cosmetics market over the forecast period.

Regional Analysis

The Asia Pacific region is the largest Metal Tubes for Cosmetics Market, 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).

North America Metal Tubes for Cosmetics market is another lucrative market. Attributing to the massive demand for personal care items, the region is expected to witness a fabulous growth throughout the forecast period. Continuous growth in the pharmaceutical sector, especially in the US and Canada, is supporting the market growth in the region.

Segments

The report segments the market into five key dynamics:
By Product Type     : Squeeze Tube and Twist Tube, among others.
By Closure Type      : Stand-up Cap, Nozzle Cap, Fez Cap, and Flip Top Cap, among others.
By Regions              : Asia Pacific, North America, Europe, and Rest-of-the-World.

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 Metal Tubes for Cosmetics 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 Metal Tubes for Cosmetics market include Montebello Packaging (Canada), Essel Propack Limited (India), Linhardt GmbH & Co. KG (Germany), ALLTUB (The Netherlands)


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