The market for aluminum tubes in the US and Canada is anticipated to reach US$ 177.2 million in value in 2023. Aluminum tube sales are anticipated to increase across North America at a 4.4% CAGR from 2023 to 2033. The market’s total value is anticipated to reach US$ 272.7 million by 2033.
The top 5 businesses are anticipated to control between 45% and 50% of the market by the end of 2023, with sales of aluminum tubes expected to continue to grow in both the United States and Canada.
The demand for aluminum tubes will be driven by consumer preference for attractive, hygienic packaging that is also reasonably priced. During the forecast period, the market in the United States and Canada is expected to grow by 1.6 times its current market value.
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Consumption of aluminum tubes will continue to remain high in the pharmaceutical sector. As per Future Market Insights, the pharmaceutical segment is anticipated to hold a market share of 43.2% in 2023.
Further, aluminum tube demand in the pharmaceutical sector is likely to rise at 4.8% CAGR over the forecast period.
Important elements influencing the US and Canadian markets:
- The market will be driven by rising demand for aluminum tubes from the booming pharmaceutical and cosmetics industries.
- Aluminum tube demand will increase due to the quick shift to environmentally friendly packaging options.
- Sales of aluminum tubes will increase as pre-packaged sauces and culinary seasonings become more popular.
- The availability of numerous dispensing types for varied end uses will increase demand for aluminum tube throughout North America.
- Opportunities for producers of aluminum tubes will arise as environmental contamination from plastic packaging is increasingly being addressed.
- Canada’s and the United States’ aluminum tube industries will benefit from the implementation of strict environmental rules.
- Aluminum collapsible tubes are becoming more and more popular as a result of their outstanding light and air barriers, which will lead to market expansion opportunities.
Key Companies:
- MonteBello Packaging Inc.
- Pack-Tubes
- AllTub Group
- AmberTube
- Linhardt GmbH & Co. KG
- Sonic Packaging Industries Inc.
- Apackaging Group LLC
- AndPack Inc.
- Paket Corporation
- LAGEENTUBES
- Clt-Th Packaging Sl
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Market Segmentation for United States & Canada Aluminum Tubes are:
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
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