COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Collapsible Metal Tubes market worldwide will grow by a projected US$377.9 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4.1%. Squeeze Tube, one of the segments analyzed and sized in this study, is forecast to grow at over 3.7% and reach a market size of US$864.8 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Squeeze Tube market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$21.5 Million to the region's size over the next 7 to 8 years. In addition, over US$16.1 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Squeeze Tube segment will reach a market size of US$64.9 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Collapsible Metal Tubes market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 4% over the next couple of years and add approximately US$62.3 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Collapsible Metal Tubes market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Adelphi Healthcare Packaging; Albea SA; ALLTUB Group; Almin Extrusion; Andpak Inc.; Antilla Propack; Auber Packaging Co., Ltd.; CONSTRUCT Packaging; Essel Propack Limited; Hubei XinJi Pharmaceutical Packaging Co., Ltd.; Impact; Linhardt GmbH & Co. KG; Montebello Packaging; PAKET Corporation; Perfect Containers Pvt Ltd; SUBNIL (P) Ltd.; The Pioneer Group; Universal Metal Products, Inc.