Stick packaging is a type of flexible packaging in which the solid or semi-solid or liquid substances are packed. It is similar to a vertical sachet in which the substance is poured and sealed thoroughly.
The increasing disposable income in developing countries and the increase in demand for the ready to consume food are majorly contributing to the growth of the stick pouches packaging market. The market is also extensively driven by the reducing cost of the raw materials required for the manufacturing of the stick pouches. The increase in demand of packed food & baby food and easy availability of packaged health drinks with the changing lifestyle is contributing to the growth of the stick pouches packaging market. However, the rising concept of the raw material recycling is expected to restrain the growth of the stick pouches packaging market.
The stick pouches packaging market can geographically be segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the global stick pouches packaging market due the increase in disposable income in the developing economies such as India and China. The increase in the concept of ready to eat food and the packaged food due to the change in the lifestyle of the people is also expected to contribute to the growth of Asia Pacific stick pouches packaging market.
The key players of stick pouches packaging market are Amcor Ltd.( Australia), Ampac Holdings, LLC (U.S.), Clondalkin Group (Netherlands), Sealed Air Corporation(U.S.), Astrapak Limited (South Korea), Bemis Company, Inc. (U.S), Sonoco Products Co.(U.S.) and others.
The report for Stick Pouches packaging market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2030: Significant Value|
|CAGR||2030: Substantial CAGR|
|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, Application|
|Geographies Covered||Material, Application and Region - Global Forecast To 2027|
|Key Vendors||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Market Opportunities||Increasing disposable income in developing countries|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The surge in demand for RTC food options is motivating the market on a global scale.
Astrapak Limited (South Korea), Sealed Air Corporation(U.S.), and Bemis Company, Inc. (U.S) are the prominent contenders.
An influential CAGR is estimated to be seen in the market.
The application, region, and material segments are expected to permit a better understanding of the market.
The APAC region is expected to gain a big stake in the market in the future.