The global stick packaging market is expected to exhibit a CAGR of 4.7% during the forecast period from 2022 to 2032, with sales projected to increase from US$1.3 billion in 2022 to US$2.0 billion by 2032. According to the FMI study, the top five companies are estimated to hold a market share of around 20-25% in 2022.
Among the applications, the powder products segment is expected to maintain its dominance in the global stick packaging market. This segment is projected to contribute nearly 50% of the revenue, driven by the growing preference for single-serve packaging in the food and beverage as well as pharmaceutical industries.
The powder products segment is anticipated to be the largest segment in the stick packaging market throughout the forecast period. This can be attributed to the increasing demand for single-serve packaging in the food and beverage and pharmaceutical sectors. Stick packaging offers convenience and ease of use for packaging powder products. Additionally, it serves as a cost-effective solution for packaging such products.
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The food and beverage industry serves as the primary end-user of stick packaging. This is due to the rising demand for single-serve packaging in this industry. Stick packaging offers a convenient and user-friendly packaging format for food and beverage products while also being cost-effective.
Similarly, the pharmaceutical industry is a significant end-user of stick packaging. The demand for single-serve packaging in the pharmaceutical sector is increasing, driving the adoption of stick packaging. It provides a convenient and easy-to-use packaging solution for pharmaceutical products while also offering cost-effectiveness.
In summary, the stick packaging market is projected to grow steadily, with the dominance of the powder products segment. The food and beverage industry and the pharmaceutical industry are the major end-users of stick packaging, benefiting from the convenience and cost-effectiveness it offers for single-serve packaging.
Key Takeaways from FMI’s Stick Packaging Market Study
- By material, BOPP plastic stick packaging to remain highly preferred. However, paper stick packing is likely to expand rapidly
- Liquid products sales such as cosmetic creams and food pastes to remain primary users of stick packaging solutions
- By end use, food industry likely to tower over the rest, owing to high demand for instant consumables
- Asia to pivot market growth, North America to enjoy substantial revenue share from 2020-2030
- Product innovations key to ensuring prominent players’ enhanced market presence
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“Prominence of sustainable packaging solutions is prompting manufacturers to introduce lightweight, flexible and environmentally friendly material in their existing packaging products ambit,” observes the FMI analyst.
Key Players:
- Amcor plc
- Constantia Flexibles Corporation
- Huhtamaki Oyj
- Glenroy, Inc.
- ePac Flexible Packaging
- ProAmpac LLC
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Stick Packaging Market by Category
By Material:
- Plastic
- Paper
- Metal
By Application:
- Powder Products
- Liquid Products
- Solid Products
By End Use:
- Food & Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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