Global Stick Packaging Market Segments, Share, Growth, Analysis, Future Scope, Size by Material (Paper, BOPP, Aluminum, Plastic, and others), by Application (Food & Beverages, Pharmaceutical, Consumer Goods, and others), and by Region - Global Forecast to 2022
Stick Packaging Market Overview
Stick packaging refers to a type of flexible packaging which is mostly used in the packaging of food products. Stick packaging is vertical and elongated packaging, which is easy to handle for on-the-go food products. Liquid and semi-liquid products can be poured into stick packages based on the shape and are highly economical in nature, as compared to other types of packaging. They also have lower effects on the environment in comparison to other types of packaging used.
The global stick packaging market is expected to showcase a high CAGR over the forecast period. Various factors are contributing to the ascension of the global stick packaging market. Rising disposable income of people is one of the primary factors driving the global stick packaging market. Fast-paced innovations noted in the flexible packaging industry is encouraging manufacturers to develop smaller packaging products, which are resulting in larger markets for stick packaging. Increasing disposable income, coupled with the ascension in the global retail industry has resulted in the upscaling of the global stick packaging market. Further, rising demand for packaged food due to health consciousness is also driving the global stick packaging market.
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Some profiled players prevalent in the global stick packaging market include
June 2019: Amcor recently announced the completion of their acquisition of Bemis Company Inc. which has brought additional scale, capabilities, and footprint to the company. This will strengthen Amcor’s stance in the packaging industry.
Global Stick Packaging Market Segmentation
The global stick packaging market is segmented on the basis of material, application, and region. Based on material, the global stick packaging market is segmented into BOPP, paper, plastic, and aluminum. Based on application, the global stick packaging market is segmented into pharmaceutical, consumer goods, and food & beverages.
Nowadays, consumer needs and preferences are evolving at a fast rate. For instance, in urban areas, consumers are looking for choices in terms price, quality, as well as functionality of packaging for products like instant drinks, beverages, pharmaceuticals, condiments, and nutraceuticals. Before launching new products or pack sized products, the primary priority of manufacturers is to decide their target audience. The ongoing trend for smaller pack sizes such as stick packaging is not only dependent on individual preferences, but also the demographic or cultural differences. Growing emphasis on fitness results in an ever-increasing trend of supplements and nutraceuticals consumption has driven the trend of single-serve packaging of such supplements and nutraceuticals. These factors are fueling the surge noted in the consumer needs segment of the stick packaging market.
The food and beverages market is creating impressive opportunities for stick packaging. Consumers are revolving towards healthy food and beverage options which are available at all times. The on-the-go generation prefers stick packaging for food and beverages as it offers a healthy single-serve option to them. Furthermore, the hospitality industry is dependent on the stick packaging industry for various products such as sugar, coffee creamers, sugar, milk, and other easy to mix products. This is packaged to offer customers a great experience. These factors are anticipated to propel the growth of the global stick packaging market exponentially.
Detailed Regional Analysis
The global stick packaging market is studied for the regional segments of North America, Asia Pacific, Europe, and Rest of the World. Among these regions, the global stick packaging market is dictated by Asia Pacific, which is anticipated to witness the highest growth over the forecast period. Such acceleration in the stick packaging market is owed to the rising middle-class population and increasing disposable income of consumers residing in this region. Emerging countries such as India, and China are anticipated to lead the country-specific stick packaging market as they are preferring innovative, flexible packaging methods over traditional rigid packaging methods.
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Table Of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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