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The global collapsible metal tubes market is expected to grow from $1.02 billion in 2020 to $1.12 billion in 2021 at a compound annual growth rate (CAGR) of 9.32%. The growth is mainly due to the growing demand for metal tubes by the cosmetic and pharmaceutical industries. The market is expected to reach $1.44 billion in 2025 at a CAGR of 6.44%.
The collapsible metal tubes market consists of sales of collapsible metal tubes by entities (organizations, sole traders and partnerships) that manufacture collapsible metal tubes.Collapsible tubes are composite containers used for storing and dispensing liquid formulations that have a paste like consistency like cosmetics, pharmaceutical products, paint, adhesives and ointments.
Collapsible metal tubes are made of metal or thermoplastic and thus prevent toxic gases, odor and dust to enter, ensuring the natural quality of product when closed.
The main types of collapsible metal tubes include twist tubes, and squeeze tube.Squeeze tubes are flexible aluminum tubes that dispense their contents when squeezed.
These tubes can be used for viscous liquids such as toothpaste, artist’s ink, glue, caulk, and ointments.Twist tubes are round telescopic tubes that dispense contents when twisted.
These tubes are used for storing cosmetics and other pharmaceuticals. The different closure types included in the market are fez cap, nozzle cap, flip top cap, stand up cap, others and is used in major end use industries such as home care and personal care, cosmetics, industrial, pharmaceutical, others.
Read more: Collapsible Metal Tubes Global Market Report 2021
