Global Stick Packaging Market Research Report - Global  Forecast to 2030

Stick Packaging Market Information Report by Material (Paper, BOPP, Aluminum, Plastic, and others), by Application (Food & Beverages, Pharmaceutical, Consumer Goods, and others), and by Region - Global Forecast to 2030

ID: MRFR/PNT/1933-HCR | February 2021 | Region: Global | 100 pages

Stick Packaging Market

The global stick packaging market has been recorded to have witnessed rapid growth from 2011 and similar trends are expected from the stick packaging market trends during the forecast period that will be ending in 2028

Segmentation

By Material Paper BOPP Aluminum Plastic
By Application Food & Beverages Pharmaceutical Consumer Goods

Key Players

  • Amcor Limited (Australia)
  • Sonoco Products Company (U.S.)
  • Mondi Group (South Africa)
  • Constantia Flexibles (Austria)
  • Huhtamaki OYJ (Finland)

Drivers

  • Rise in income levels of the people
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Market Overview


The global stick packaging market has been recorded to have witnessed rapid growth from 2011 and similar trends are expected from the stick packaging market trends during the forecast period that will be ending in 2028. The stick packaging market is projected to grow at a CAGR of 6.26% during the review period and is further projected to reach a global market sum worth USD 316.6 Million by 2028.


Stick packaging, as a part of the global market, can be considered as a type of flexible packaging which is generally used for the processes that are related to food packaging. Stick packaging can be recognized as vertical, elongated, and is easy to handle processing for on-the-go market products that are available to the global target audience.  May different kinds of substances can be poured easily into stick packages depending on their size, requirement, and shape. They are much more economical and efficient than any other form of packaging available to the market producers and manufacturers. They have a lower effect on the environment as compared to any other form of packaging and hence, the momentum for them is high especially during the ongoing forecast period that will be ending in 2028.


COVID 19 Analysis


The outbreak of the novel coronavirus pandemic has caused havoc and concerns for the smooth functioning of the stick packaging market share that was estimated to be growing during the ongoing forecast period that will be ending in 2028. The global market trends show that there has been a slowdown because of the declined demand and hence, the market is likely to be facing losses in 2020. The outbreak has pushed people to make alternate changes to their tastes and preferences and hence, there is a major degree of disruption in the demand and supply chain mechanism in the global market premises.


There is a dire need for the market to return to normalcy and overcome the losses that have been incurred during the forecast period that ends in 2028. The trends suggest that investments followed by an expansion in the market portfolio will help the market, players and the target audience dwell well in the period.


Competitive Landscape


The global market is marked with intense competition due to the presence and functioning that is being carried out by a large number of both, big and small firms. The market has been witnessing trends that render support to new product launches, mergers & acquisitions, and partnerships, investments, and expansions are the key strategies that are being adopted by market players to ensure their growth in the market during the forecast period ending in 2028. The prominent market companies are mentioned as follows:



  • Amcor Limited (Australia)

  • Sonoco Products Company (U.S.)

  • Mondi Group (South Africa)

  • Constantia Flexibles (Austria)

  • Huhtamaki OYJ (Finland)


Market Segmentation:


 Global Stick Packaging Market


Market Dynamics


Drivers


One of the factors that are resulting in a major degree of growth of the stick packaging market is the rise in income levels of the people. This is expected to be leading the market towards expansion and resulting in the increased use of packaged products. There has been a huge degree of innovation in the process related to flexible packaging that has driven the manufacturer to develop small packaging products, which ultimately increases the market demand for stick packaging. There has been a huge rise in the trends that support the rising disposable income of the global target audience along with the growth in the global retail industry has resulted in the growth of this market and will continue to do the same during the forecast period of 2021-2028. There has been an increase in the demand for packaged food because health consciousness is also one of the reasons that are driving the stick packaging market.


Restraints


However, one of the major restraints that the global market is likely to be witnessed during the period is the lack of awareness amongst the target consumers about the stick packaging market value followed by its advantages and ability to reduce environmental harm. These factors are likely to hamper the global stick packaging market from growing during the ongoing forecast period that will be ending in 2028.


Technology Analysis


The global market for stick packaging is projected to be driven by the rising degree of demand from the flexible packaging industry. The busy lifestyles of the target consumers that are spread in a series of global market locations have encouraged the use of convenient products for packaging while maintaining the quality and market standards. There has been a huge growth in disposable income that has enabled the end-users to spend more on new types of packaging is benefitting a large degree of customers in the global market premises. Most importantly, there has been a changing preference of target consumers since the outbreak of the pandemic from rigid to flexible packaging has given a boost to the stick packaging market during the forecast period that will be ending in 2028.


Study Objectives



  • The stick packaging market report has been prepared to help the investors and market buyers understand the market patterns and take their decisions accordingly. The market report consists of the factors that might affect the market positively or negatively during the forecast period.

  • The global market report includes the core analysis of the market segments that are functional in various domestic and international regions and hence, are helping the market to grow as per the projected growth scales for the market during the forecast period that ends in 2028.

  • The stick packaging industry report consists of a deep market analysis of the market competition that is on the rise due to the recent developments that have been undertaken by the key market experts during the period.


Segment Overview


The stick packaging market share has been on the verge of massive expansion based on the market trends. This is because the market is recording an excellent performance by its segments that are spread in regions of various participating countries and hence, meeting the needs of the global target audience. The market segmentation is as follows:


Based on Material:



  • Polyester

  • BOPP

  • Paper

  • Aluminum

  • Metallized Polyester

  • Polyethylene

  • Polypropylene


Based on Application:



  • Food & Beverages

  • Pharmaceuticals

  • Consumer Goods

  • Nutraceuticals


Based on Region:



  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World (RoW)


Regional Analysis


The global stick packaging market is observed to be matured in developing economies amongst other participating regions such as Europe and North America. The reason behind this is the rapid growth and demand that is propelling in the packaging sector. The Asia-Pacific region is likely to emerge as the second-largest market, with a global market share of 30%. It had projected to be the fastest-growing market from 2015 to 2020. Similar kinds of trends are expected to dominate the global market growth for the current forecast period that will be ending in 2028. The global market functions in the APAC region are projected to have reached a market share worth USD 316.61 Million by the pandemic year 2020.


These companies are some of the prominent companies in this market comprise 73.60% of the total market share.


Recent Developments



  • In October 2020, one of the prominent market players - Berry Bramlage had launched its new and latest version of 75ml of stick manufactured from propylene. This has enhanced the recyclable properties followed by its functionality that will help the market during the period that ends in 2028.

  • The competitive players that are functional in the global market premises are opting for the enhancement of the product portfolio followed by the ventures that are on the rise in the form of mergers and acquisitions will help strengthen the market share as per the predictions that have been laid for the period that ends in 2028.

  • In October 2018, another market company - Pylote and Amcor took to the international scale for the launch of a new sticker pack that laminates for liquid pharmaceutical applications. These are likely to avoid the use of preservatives in the global market premise during the forecast period.


Intended Audience



  • Stick packaging wholesalers and manufacturers

  • Distributer and Supplier firms and companies

  • End Users

  • Exporters and importers

  • Consultants and Investment bankers

  • Public Sector

  • Government as well as Independent Regulatory Authorities


Report Overview


The stick packaging market report has been prepared to understand the demand patterns that will help the market overcome the losses of the pandemic. The report covers authentic market trends that present the market with opportunities for expansion during the period. The market report helps to understand the market segmentation that will help the growth and the rising degree of competition.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2021
  Forecast Period    2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bemis Company, Inc. (U.S.), Amcor Corporation (U.S.) Ball Corporation (U.S.), Reynolds Group Holdings, Inc. (U.S.), Smurfit Kappa Group (U.K.), Berry Plastics Corporation (U.S.), EXAIR Corporation (U.S.), RPC Group Plc. (U.S.), Rexam Plc. (U.S.), and Bosch Packaging Technology (U.S.).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Rise in income of the people
  • Increased use of packaged products
  • Innovation in flexible packaging


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    Frequently Asked Questions (FAQ) :

    The global market is projected to reach a final market revenue worth USD 316.6 Million by 2028.

    The global market is likely to undergo a market CAGR of 6.26%.

    The reduced effect of stick packaging on the environment is likely to motivate the market.

    Reynolds Group Holdings, Inc. (U.S.), Berry Plastics Corporation (U.S.), Ball Corporation (U.S.), and Smurfit Kappa Group (U.K.) are the players in the market.

    The APAC region is likely to dominate the global market operations.

    The regions, application, and material based segments are used to gain improved market analysis.