The global stick packaging market is anticipated to experience a steady growth rate with a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2032. Sales in the market are projected to increase from US$ 1.3 billion in 2022 to US$ 2.0 billion by 2032. The top 5 companies are estimated to hold approximately 20-25% of the global stick packaging market in 2022, according to a study by FMI.
The powder products segment is expected to maintain its dominance in the global stick packaging market in terms of application. 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.
Throughout the forecast period, the powder products segment is anticipated to be the largest segment due to the increasing demand for single-serve packaging. Stick packaging provides convenience and ease of use for powder products, making it a preferred choice in the food and beverage and pharmaceutical sectors. Additionally, stick packaging offers a cost-effective solution for packaging powder products.
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The food and beverage industry serves as the largest end-user of stick packaging, primarily due to the rising demand for single-serve packaging in the sector. Stick packaging provides convenience and ease of use for food and beverage products, making it a popular packaging format. Moreover, stick packaging offers a cost-effective solution for packaging these products.
The pharmaceutical industry is also a significant end-user of stick packaging, driven by the increasing demand for single-serve packaging in the sector. Stick packaging offers convenience and easy handling for pharmaceutical products, making it an ideal packaging option. Furthermore, stick packaging provides a cost-effective solution for packaging pharmaceutical products.
In conclusion, the global stick packaging market is expected to witness steady growth, with the powder products segment leading the market. The food and beverage industry, along with the pharmaceutical industry, are the primary drivers of the demand for stick packaging due to the convenience, ease of use, and cost-effectiveness it offers.
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
Opportunity in the USA and India Stick Packaging Markets:
USA Stick Packaging Market: Increasing application in food and beverage industry drives sales; USA expected to account for 82% of North American market sales in 2022.
India Stick Packaging Market: Growing demand for cost-effective packaging in pharmaceutical industry; India projected to have a CAGR of 5.9% between 2022 and 2032; ranks third in global pharmaceutical production by volume.
Key Benefits for stick packaging market:
• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
• It outlines the current trends and future scenario of the market from 2022 to 2032 to understand the prevailing opportunities and potential investment pockets.
• The profiles of key players along with their key strategic developments are enlisted in the report.
• The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
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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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