According to Stratistics MRC, the Global Stick Packaging Market is accounted for $316.60 million in 2020 and is expected to reach $594.74 million by 2028 growing at a CAGR of 8.2% during the forecast period. Ease of handling and cost-effectiveness are the major factors propelling the market growth. However, a decrease in sugar consumption for health benefits is hampering the market growth. Some of the key players profiled in the Stick Packaging Market include Amcor Limited, Aristo Pharma GmbH, Bosch Packaging Technology, Constantia Flexibles, Fres-Co System Inc., Glenroy, Inc., GreenSeed Contract Packaging, Huhtamaki OYJ, Mondi Group, Oystar Group, Sonic Packaging Industries, Sonoco Products Company, UDG Healthcare PLC, Winpak, and Aaron Thomas Company, Inc.
Products Covered:• Solid• Semi Solid (Viscous)• Liquid• Powder• Granules• TabletsMaterials Covered:• Aluminum Foil• Bi-Axially Oriented Polypropylene (BOPP)• Metallized Polyester• Paper• Polyester• Polyethylene (PE)• Polypropylene (PP)• Polymer Compounds• Polyamide (PA)• Polyethylene Terephthalate (PET)• Ethylene Vinyl Alcohol Copolymer (EVOH)• Paperboard• Cartons• Stand Up PouchWeights Covered:• Medium Weight Applications• Less Weight Applications• Negligible Weight Applications• Heavy Weight ApplicationsCapacities Covered:• 0 – 5 ML• 5 ML – 10 ML• 10 ML – 15 ML• 15 ML – 20 ML• 20 ML & AboveEnd Users Covered:• Agriculture • Automobile • Chemical • Consumer Goods • Cosmetics & Personal Care • Face Packs & Gel • Food & Beverages • Hair Oil • Industrial • Mining • Nutraceuticals • Oil & Gas • Pharmaceuticals (Cream & Ointments) • Pulp & Paper • Salt & Sugar • Sauces & Dips • Shampoo & Conditioners • Spices & Condiments • Tea & Coffee • Water Treatment
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The Global Stick Packaging Market is majorly driven by the low price of shale gas, the large number of shale reserves, and technological advancements. The food & beverages segment is growing at the highest CAGR due to its lightweight and easy-to-open options including tear notches and a surge in consumption of packaged foods. The Asia Pacific dominated with a significant market share owing to the rising middle-class population and increase in disposable income of the people.The North American market is growing at the highest CAGR due to the high consumption of packaged goods.
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