As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Steel Roll-on Tube market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Steel Roll-on Tube Market in the coming 10 years.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Steel Roll-on Tube
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Steel Roll-on Tube market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Steel Roll-on Tube Market Takeaways and Projections
- The U.S. is expected to lead the North America Steel Roll-on Tube market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- Steel Roll-on Tube Historical Market Analysis: The detailed survey by FMI, examines key factors in the Steel Roll-on Tube market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Steel Roll-on Tube market for the forecast period 2018-2028.
- Steel Roll-on Tube Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Steel Roll-on Tube for the assessment period. As per the study, the demand for Steel Roll-on Tube will grow at a robust CAGR between 2018 and 2028.
- Steel Roll-on Tube Market Trend Analysis: The latest study by FMI on the Steel Roll-on Tube market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Steel Roll-on Tube market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Steel Roll-on Tube Market: Key Players
Examples of some of the key players operating in the global steel roll-on tube market are:
- Essel Propack Limited
- SR Packaging Inc.
- KAJ Sp. z o.o.
- Quadpack Ltd.
- O.Berk Company, LLC
- COPCO China
Steel Roll-on Tube Market: Key Trends
Some of the key trends are observed among the steel roll-on tube manufacturers are listed below:
- Various steel roll-on tube manufacturers are focusing on quality control and production technologies, in order to frequently introducing novel designs in the market according to the latest beauty trends.
- Premium packaging enhances consumer satisfaction and increases the chance of repurchasing and recommending the brand to their friends. Hence, key players of steel roll-on tube are focusing towards premiumization.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Steel Roll-on Tube Market: Segmentation
On the basis of material type, the steel roll-on tube market is segmented into:
- Plastic
- Polypropylene
- Polyethylene
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Others
- Steel
On the basis of tube design, the steel roll-on tube market is segmented into:
- Round Tube
- Oval Tube
- Super Oval Tube
- Applicator Tube
On the basis of tube capacity, the steel roll-on tube market is segmented into:
- Less than 5 ml
- 5 ml — 10 ml
- 10–20 ml
- More than 20 ml
On the basis of steel ball diameter, the steel roll-on tube market is segmented into:
- Less than 5 mm
- 5 mm — 10 mm
- More than 10 mm
On the basis of end use, the steel roll-on tube market is segmented into:
- Cosmetics and Personal Care
- Pharmaceuticals and Healthcare
- Food and Home Care
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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