The global collapsible tubes market is estimated to grow at a CAGR of 4.91% to reach a market size of US$2692.057 million in 2024 from US$2019.641 million in 2018. Collapsible tubes are flexible containers used for storage of products like creams and gels. These tubes prevent the product from external contaminants and promotes longer shelf life which in turn is expected to promote usage of collapsible tubes further driving the market. Further, growing demand for cosmetic products around the globe is anticipated to augment the market growth. In addition, changing preference towards flexible packaging from rigid packaging is projected to boost the sales of collapsible tubes during the forecast period. Cosmetic, pharmaceuticals and food are few of the major industries driving the growth of collapsible tubes market.
Rising demand for cosmetic products.
Changing preference towards flexible packaging.
Availability of other forms of packaging.
The major players profiled in the collapsible tube market include Essel Propack Limited, Montebello Packaging, Andpak Inc., Universal Metal Products, Adelphi Healthcare Packaging, Albea S.A., Almin Extrusion, Paket Corporation, Pioneer Group, ALLTUB Group, CONSTRUCT Packaging, Antilla Inc., SUBNIL (P) Ltd., LINHARDT GmbH & Co. KG, Perfect Containers Group, Hubei Xin Ji Pharmaceutical Packaging Co., Ltd., Collapsible Tubes Corporation, Sorbead India.
The collapsible tube market has been analyzed through the following segments:
By Closure Type
Flip Top Cap
Stand Up Cap
By End User
Middle East and Africa