Collapsible Metal Tubes Market — Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025
The global collapsible metal tubes market was valued at US$ 1,069.4 Mn in 2016 and is expected to be valued at US$ 1,550.8 Mn in 2025. The market is characterized by growing demand of collapsible metal tubes owing to their wide-spread usage in pharmaceutical and cosmetics industry. The global collapsible metal tubes market is expected to expand at a CAGR of 4.3% in terms of market value during the forecast period, 2017-2025. Consumer demand is rising due to intolerance towards plastic and plastic packaging. The market is also marked with the advancement in the manufacturing technology. The manufacturers of collapsible metal tubes around the world have also experienced the rise in demand owing to their superior barrier properties and extended shelf life they provide to the contents. Manufacturers are observed to focus more on expanding production capacity to meet soaring demand. The global revenues will be predominantly driven by the pharmaceutical sector. Key market character...