In 2023, the global aluminum tubes market was calculated to be valued at USD 820.83 million. The market is expected to reach approximately USD 1,415.44 million by 2033, with a growing CAGR of 5.6% from 2023 to 2033.
Tube packaging is gaining traction amongst packaging manufacturers in oral care and cosmetics applications. Aluminum material possesses exclusive properties such as easy molding, lightweight, anti-corrosive, etc. These properties make it the superior choice for packaging, which has made manufacturers adopt aluminum tubes as compared to other substitutes. Such factors fuel the growth of the global aluminum tubes industry.
Aluminum is highly malleable and thus the most preferred option for manufacturing collapsible tubes. They are generally beaten into sheets, rolled to form cylindrical and hollow shapes, and eventually transformed into tubes. There is growing adoption of aluminum tubes across the world as they deliver tamper-proof evidence, which assists in checking the product’s quality. These advantages are likely to propel the market during the forecast period. Moreover, aluminum is magnetic, which during the recycling process helps to sort out the waste.
Oral Care & Cosmetic Segment is likely to Propel the Market
Aluminum tubes have several applications in the cosmetic industry, wherein the bulk of hair care, skincare, makeup products, and others are manufactured in aluminum tubes. These tubes usually come in twist form or are squeeze tubes, with attached cap types like nozzle caps, stand-up caps, flip-top caps, and others. Aluminum tubes have the potential to safeguard the internal product from dust, vapors, UV rays, etc., owing to which the demand for aluminum tubes is growing in the cosmetic and oral care industry.
These factors are pushing manufacturers to introduce more types of aluminum tubes into the market. For example, Hankel, in November 2021, introduced hair color in tubes and added it to their collection.
The tubes are manufactured from 100 percent recyclable aluminum to encourage packaging solutions that are sustainable. These recyclable aluminum tubes are user-friendly and protect the product from external factors. Professionals and consumers are responsible for the increased demand for aluminum tubes and market growth in the future.
Attributes | Details |
---|---|
Aluminum Tubes Market CAGR (2023 to 2033) | 4.6% |
Aluminum Tubes Market Size (2023) | USD 820.83 million |
Aluminum Tubes Market Size (2033) | USD 1,415.44 million |
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North American aluminum tubes market garnered a 22% market share in the global market. The region is expected to witness significant growth during the forecast period owing to rising demand for convenient packaging solutions across several sectors, such as personal care, cosmetics, and pharmaceutical. Furthermore, the new market entrants have various opportunities to look forward to because of the increasing trend toward flexible packaging.
Technological advancements and product developments by the market players are influencing the aluminum tube market in North America. In this region, the United States is said to be accountable for a considerable market share. Established and technologically advanced infrastructure in the United States is attributable to the positive market. Furthermore, the presence of the key market manufacturers in this region offers potential growth opportunities to the aluminum tube market.
The Europe region is accountable for 26% market share in the global aluminum tubes market. This region’s market is said to garner a significant share owing to the increasing adoption of inventive and sustainable packaging solutions in the pharmaceutical and cosmetics industries. Moreover, in 2021, Unilever established recyclable toothpaste tubes, after which oral care brands such as Pepsodent, Signal, and Closeup put forth their decision to convert their toothpaste collection into recyclable tubes across the globe by 2025. Nevertheless, it was first launched in France as it was the biggest oral care market for Unilever.
In June 2020, Element 13, a start-up maker of aluminum billets, announced plans to establish a factory in eastern Indiana. Billets are used in the automotive, aerospace, construction, and recreation industries. The company invested approximately USD 16 million in a novel 60,000-square-foot facility in Richmond, Indianapolis. Element 13 sources its aluminum from recycling facilities and converts scrap aluminum into blocks used to manufacture aircraft parts, components, windows, tubes, frames, etc.
Hydro to invest NOK 500 million in recycling at Cressona, Pennsylvania facility in the United States. The company invested in its extrusion plant and investment to expand the site’s recycling capabilities, which include remelting and extrusion billet casting, and producing low-carbon aluminum products.
In April 2022, Tubettificio Favia announced the strategic merger with Perfektüp, which is one of the significant companies in the EMEA area acquired 100% of the shares of Tubettificio Favia. A decisive turning point, which opens a new perspective of international consolidation.
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By 2023, the market is anticipated to achieve sales of USD 820.83 million.
By 2033, the global market is going to be worth USD 1,415.44 million.
Through 2033, the market is set to expand at a CAGR of 5.6%.
Heightening the level of investment in innovation acts as a major opportunity in the market.
Europe holds 26% of the market share in the global market.
Market share for aluminum tubes in North America is 22% of the overall market.
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