Global Stick Packaging Market, By Material (Polyester, Biaxially Oriented Polypropylene, Paper, Aluminum, Metallized Polyester, Polyethylene, Polypropylene, Others), Filler Type (Powder, Liquid, Tablets), Capacity (0 - 5 ml, 5 ml - 10 ml, 10 ml - 15 ml, 15 ml - 20 ml, 20 ml & above), Application (Cosmetics & Personal Care, Food & Beverages, Industrial, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Stick Packaging Market
The stick packaging market is expected to witness market growth at a rate of approximately 7.15% in the forecast period of 2021 to 2028 and is expected to reach USD 1,875.3 billion by 2028. Data Bridge Market Research report on stick packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the packaging sector is escalating the growth of stick packaging market.
Stick packaging refers alludes to a type of adaptable bundling that is generally used for motivation behind food bundling. Stick packaging is known to be the simple to deal with, stretched and vertical for in a hurry items. Substances are simpler to fill leave bundles as per their shapes. They are economical and efficient than any other form of packaging. They have lower effect on environment as compared to any other form of packaging.
The increase in demand for stick packaging as they are considered economical and efficient than any other form of packaging acts as one of the major factors driving the growth of stick packaging market. The rise in food and beverage industries because of its lightweight and easy-to-open options including tear notches and surge in consumption of packaged foods and small pack sizes among consumers due to their busy lifestyles increasing the demand for such packaging accelerate the market growth. The change in consumer’s preference towards sticks packs because of their portable and convenient features and raise in need for small packet sizes of food and beverages products further influence the market. Additionally, easy availability and affordability of machine for bulk production and advancement by the prominent providers in machines positively affect the stick packaging market. Furthermore, advancement and innovations in packaging solutions to improve product safety extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, fluctuations in prices of raw materials and reluctance to change existing packaging types are expected to obstruct the market growth. Stringent packaging policies and concerns regarding printing on stick packs are projected to challenge the stick packaging market in the forecast period of 2021-2028.
This stick packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on stick packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Stick Packaging Market Size
The stick packaging market is segmented on the basis of material, filler type, capacity and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the stick packaging is segmented into polyester, biaxially oriented polypropylene, paper, aluminum, metallized polyester, polyethylene, polypropylene, others.
- On the basis of filler type, the stick packaging is segmented into powder, liquid, tablets.
- On the basis of capacity, the stick packaging is segmented into 0 - 5 ml, 5 ml - 10 ml, 10 ml - 15 ml, 15 ml - 20 ml, 20 ml & above.
- On the basis of application the stick packaging is segmented into cosmetics & personal care, food & beverages, industrial, pharmaceuticals, others.
Global Stick Packaging Market Country Level Analysis
The stick packaging market is analyzed and market size, volume information is provided by country, material, filler type, capacity and application as referenced above.
The countries covered in the global stick packaging market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the stick packaging market due to the middle-class population and rise in disposable income of the people within the region. North America is expected to witness high CAGR during the forecast period of 2021 to 2028 because of the high consumption of packaged good.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Stick Packaging Market Share Analysis
The stick packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stick packaging market.
The major players covered in the stick packaging market report are Smurfit Kappa, Berry Global Inc., Exair Corporation, RPC Group, Rexam, Bosch Packaging Technology, Sonoco, Constantia Flexibles, Huhtamaki OYJ, Mondi Group, Bosch Packaging Technology, Fres-Co System Inc., Oystar Group, UDG Healthcare PLC, Winpak, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.