The United States & Canada aluminum tubes industry size is estimated to reach USD 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 USD 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.
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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.
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: United States & Canada Aluminum Tubes Indusrty
- 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 USD 234.1 Million by 2033.
- The Canadian market is poised to exhibit a CAGR of 5.8% between 2023 and 2033.
“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.
United States & Canada Aluminum Tubes Market Segmentation
By Capacity:
- Less than 50 ml
- 51 to 100 ml
- 101 to 150 ml
- Above 150 ml
By Cap Type:
- Stand Up Cap
- Nozzle Cap
- Flip Top Cap
- Fez Cap
By End Use:
- Cosmetics & Personal Care
- Food
- Pharmaceutical
- Homecare
- Chemicals & Fertilizers
- Others (Stationary, Shoe Polish)
By Country:
- United States
- Canada
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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