The global stick packaging Market is projected worth US$ 1,750.5 million by 2026 and the market is projected to showcase 5.4% CAGR during the forecast period.
The stick packaging market is driven by the need for portion control and precise dosage in pharmaceuticals and food & beverage industries.
Growing urbanization and the growing trend of supplements and nutraceuticals intake are the major factors driving the growth of the stick packaging market. Also, the key manufacturers are producing stick packaging that features a multi-laminated film structure that can be combined to improve moisture and oxygen-barrier properties, and exact dosing fill in order to reduce manufacturing waste. This features of stick packaging are one of the driving factors of the global stick packaging market.
The food & beverage market is projected to create huge opportunities for the stick packaging manufacturers. The consumers in the food & beverages sector want healthy food on-the-go. Also, the consumers prefer to stick packaging for food and beverages as it provides a single-serving option to the customers. For instance, the drink mixes such as powdered coffee or instant drinks for bottled water, are easy to carry as they are low weight, compact size and offers convenience for consumers. Furthermore, the hospitality industry precisely depends on stick packaging where the products such as coffee sugar, milk, drink mixes, creamers, and others are all packaged in an appropriate format to offer customers with a great experience. These factors are expected to boost the demand for the global stick packaging market.
The global stick packaging market is segmented into five major segments named 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.
Base on the filler type, the global stick packaging segment is segmented mainly in three major segments named powder, liquid, and tablets.The powder segment is expected to hold the largest share of the global stick packaging market. Stick packaging is most suitable for the powder packaging as it offers easy handling and convenience. The capacity of the range of 5-10 ml is estimated to dominate the global stick packaging market. Based on application, the food & beverages segment is expected to dominate the stick packaging market as it attributed to an ongoing trend of instant products in the food industry. The growing demand from various end-use industries such as food & beverages, consumer goods, cosmetics, pharmaceuticals,and other sectors are expected to propel the stick packaging market in the coming years. This factor is anticipated to fuel the growth of the global stick packaging market during the forecast period.
North America is expected to hold the largest share in the stick packaging market followed by Europe and Asia Pacific region. The dominance in North America region is due to the high consumer acceptance of standardized packaging in the U.S. The stick packaging is rapidly gaining popularity in the global market due to its various features such as low weight, convenience in handling, minimum film usage as well as reduction of carbon footprint. These are the major factors that are boosting the demand for stick packaging during the forecast period.
Asia Pacific region is anticipated to grow at a rapid pace with significant CAGR owing to the growing importance of fitness results in an increasing trend of supplements and nutraceuticals consumption. The single-serve packaging for supplements and nutraceuticals is gaining popularity with the changing lifestyles and rise in inclination towards fitness among consumers as people are becoming more aware regarding their health. Therefore, these factors are projected to drive the growth of the stick packaging market in the coming years.
Some of the major players associated with the global stick packaging market are Bemis Company Incorporated, Sonic Packaging Industries, Hearthside 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.
Key manufacturers invest heavily in research and development to manufacture innovate stick packaging solution that is used in various end-use industries. Additionally, the players associated with the global stick packaging market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their business geographically.
Market By Material Type
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