United States & Canada Aluminum Tubes Market is Likely to Witness a Growth at 4.4% CAGR; This Industry is Projected to Hit US$ 272.7 Million Through 2033

NEWARK, DE / ACCESSWIRE / May 18, 2023 / The United States & Canada aluminum tubes market size is estimated to reach US$ 177.2 Million in 2023. From 2023 to 2033, demand for aluminum tubes in the United States & Canada markets is likely to surge at 4.4% CAGR. By the end of 2033, the total market valuation is projected to exceed US$ 272.7 Million.

Rising applications of aluminum tubes across industries such as pharmaceutical, cosmetic & personal care, and chemicals is a key factor providing impetus for the market development.

Growing demand for environmentally friendly products and sustainable packaging will boost the United States & Canada aluminum tubes industry through 2033.

Aluminum is a popular option for businesses looking for eco-friendly packaging solutions. This is because it is 100% recyclable and both lightweight and strong.

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Packaging solutions made from aluminum including aluminum tubes are gradually replacing plastic ones due to their various benefits. This in turn is creating lucrative revenue-generation opportunities for aluminum tube manufacturers.

According to Future Market Insights (FMI), the popularity of e-commerce and online shopping is increasing the need for goods that are simple to ship and store. Aluminum tubes offer a practical and affordable packaging solution for a variety of goods, including food, beverages, cosmetics, and pharmaceuticals.

With businesses and consumers valuing sustainability and eco-friendliness in their purchase decisions, the market for aluminum tubes will expand at a steady pace during the projection period.

Manufacturers are focused on developing aluminum tubes with improved strength, barrier agents, and recycling capacities making them appropriate for a broader array of applications.

On the other hand, challenges including price variations in aluminum and issues with aluminum production's impact on the environment could potentially impede market expansion

Key Takeaways:

Demand in the United States & Canada aluminium tubes market is expected to increase at 4.4% CAGR through 2033.

By cap type, the stand-up cap segment is anticipated to account for around ~36.8% of the market share in 2033.

By end use, the pharmaceutical segment is projected to hold around ~43.2% of the market value share by the end of 2033.

By capacity, the 51 to 100 ml segment is projected to hold more than 37.4% share of the market in 2033.

The United States aluminum tubes market is likely to reach a valuation of US$ 234.1 Million by 2033.

The Canadian market is poised to exhibit a CAGR of 5.8% between 2023 and 2033.

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"Rising demand for environmentally friendly and sustainable packaging options in the United States and Canada is expected to boost aluminum tube sales over the next ten years. Besides this, the development of e-commerce and internet purchasing will help the market expand rapidly," - says a lead analyst at FMI.

The popularity of the Cosmetics Sector to Drive the Market for Aluminum Tubes:

In the United States and Canada, the aluminum tube market is anticipated to be driven by the booming cosmetics industry. Creams, lotions, and gel-based cosmetics are frequently packaged in aluminum tubes.

Growing consumer awareness of personal maintenance and appearance, particularly among millennials, will drive up demand for cosmetic items.

Aluminum tubes are used in the cosmetics business for various reasons, including their lightweight, mobility, and durability. As cosmetics need to be carried and stored safely, the growth of e-commerce and online shopping has increased demand for aluminum tubes.

Another significant consumer of aluminum tubes is the pharmaceutical industry. The market for aluminum tubes is anticipated to expand in the United States and Canada over the next few years. This is due to the rising demand for environmentally friendly and sustainable packaging options and the popularity of the cosmetics industry.

Who is Winning?

Few of the leading aluminum tube manufacturers profiled in the report include MonteBello Packaging Inc., Pack-Tubes, AllTub Group, AmberTube, Linhardt GmbH & Co. KG, Sonic Packaging Industries Inc., Apackaging Group LLC, AndPack Inc., Paket Corporation, LAGEENTUBES, and Clt-Th Packaging Sl.

These players are continuously launching new products for specific applications. They are also using strategies such as partnerships, acquisitions, mergers, and collaborations to expand their footprint. For instance,

In 2020, the second addition to the Blue Tube brand (The Blue Tube Evo) was launched by TUBEX Aluminum Tubes.

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Less than 50 ml

51 to 100 ml

101 to 150 ml

Above 150 ml

Stand Up Cap

Nozzle Cap

Flip Top Cap

Fez Cap

Cosmetics & Personal Care

Food

Pharmaceutical

Homecare

Chemicals & Fertilizers

Others (Stationary, Shoe Polish)

United States

Canada

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Table of Content (ToC):

1. Executive Summary | United States & Canada Aluminum Tubes Market

1.1. Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Heat Mapping/Capacity Mapping

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Sustainable Trends

3.3. Technological Trends

3.4. Capacity Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

5.1. Historical Market Volume (Million Units) Analysis, 2018 to 2022

5.2. Current and Future Market Volume (Million Units) Projections, 2023 to 2033

5.3. Y-o-Y Growth Trend Analysis

Click Here for the United States & Canada Aluminum Tubes Market 85 pages TOC Report.

About the Packaging Division at Future Market Insights (FMI):

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Explore Research-Related Reports of Packaging:

Aluminum Tubes Market Size: In 2022, the global aluminum tubes market was calculated to be valued at US$ 777.3 Million. The market is expected to reach approximately US$ 1,386.3 Million by 2032, with a growing CAGR of 5.6% from 2022 to 2032.

Jumbo Kraft Tubes Market Share: The North American market is expected to create potential opportunities for jumbo kraft tubes, as many consumers are willing to pay more for attractive packaging.

Crimped End Mailing Tubes Market Trends: The North American market is expected to create potential opportunities for the crimped end mailing tubes market, as an increase in sales is being witnessed due to the attractive packaging of products.

Cosmetic Tubes Market Analysis: The global cosmetics tube market size is estimated to be worth US$ 2,719.4 Million in 2023. As per Future Market Insights, demand for cosmetic tubes is expected to accelerate at 4.7% CAGR during the forecast period.

Laminated Tubes Market Outlook: The global laminated tubes market looks on course to register a US$ 1.12 Billion in 2023. From 2023 to 2033, a steady 6.3% CAGR is likely to steer the market forward.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

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SOURCE: Future Market Insights, Inc.

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