The global stick packaging market size is expected to exceed around USD 1,750.5 Million by 2026, the market is estimated to grow at 5.4% CAGR during the forecast period. Single-serve packaging for supplements and nutraceuticals is one of the factors that is expected to boost the growth of the global stick packaging market.
The continuous innovation in the packaging industry is progressing rapidly that gives rise to the introduction of various types of stick packaging used for different application. Convenient packaging is gaining traction in the overall packaging market. Stick packaging are tube-shaped that is sealed at both the ends. Generally, stick packaging is a cylindrical-shaped dose packaging that is designed to contain gels, powders, liquids, and semi-solids for customers in various end-use markets that include pharmaceuticals, personal care & cosmetics, nutraceuticals, food & beverages, industrial, and others. Stick packaging is appropriate and convenient packaging solution for easy to carry in various applications. Also, the key players in the stick packaging market are focused on investing in research and development in order to offer improved efficiency that helps in reducing carbon footprint which is a major factor bolstering the growth of the global stick packaging market.In addition, the radiation curing inks and other advanced ink technology also offer numerous opportunities, thereby pepping up the industry growth scenarios.
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The growing inclination towards the usage of single-serving packaging combined with the convenience and sustainability that is offered by stick packaging is expected to drive the global stick packaging market during the forecast period. The polyester segment in the material type segment is estimated to hold the largest share in the global stick packaging market. This stick packaging provides high strength, abrasion, and heat resistance. Polyester is vastly adopted in the overall packaging industry and offers low moisture absorption and outstanding wear resistance. The stick packaging is suitable for the powder packaging as it offers easy handling and convenience. The food & beverages segment is estimated to dominate the overall stick packaging market. It is attributed to the consumption of instant food & beverages in the food industry. Also, the growing demand from various end-use industries such as pharmaceuticals, food & beverages, and other sectors is expected to propel the demand for stick packaging market during the forecast period. Thus, these are the factors that are expected to fuel the growth of the global stick packaging market.
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The global stick packaging market is segmented into material type, filler type, capacity, application, and region. On the basis of material type, the global stick packaging market is segmented into polyester, polyethylene, paper, metallized films, and others. On the basis of filler type, the global stick packaging market is segmented into powder, liquid, and tablets. On the basis of capacity, the global stick packaging market is segmented into 0 - 5 ml, 5 ml - 10 ml, 10 ml - 15 ml, 15 ml - 20 ml, and 20 ml & above. On the basis of application, the global stick packaging market is segmented into cosmetics & personal care, food & beverages, industrial, pharmaceuticals, others. On the basis of region, the global stick packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The key players catering to the global stick packaging market are Bemis Company Incorporated, Sonic Packaging Industries, Hearth side Food Solutions LLC, Amcor Limited, GSC Packaging Inc., GreenSeed Contract Packaging, Contract Pharmacal Corp., Nellson Anaheim, Ion Labs Inc., Aaron Thomas Company, Inc., Aristo Pharma GmbH, GFR Pharma, Label Impressions, Inc. etc.The key players in the global stick packaging market are constantly focusing on research and development in order to expand their business by increase their customer base in the developing regions. Also, the players are strategically taking initiatives to enter into partnership, acquisition, and product launch in order to compete in the market and strengthen their foothold in the global stick packaging market. Also, huge acceptance by customers for single-serving options aids manufacturers to offer innovative packaging solutions that cater best as per customer requirements. Therefore, this factor is anticipated to offer profitable growth opportunities to the manufacturers in the stick packaging market.
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