Market Highlights
Stick packaging is generally used for food packaging which is easy to handle. The shape of the stick packaging is vertical and elongated. Depending on the shape of the stick packaging, the substance can be easily poured into any form. As compared to other form of packaging, stick packaging is very economical and efficient. There is low environmental impact than any other form of packaging. The major growth factor of stick packaging market size are increase in the income of the people, innovation in flexible packaging, rise in disposable income, and growth in packaging industry. The increase in demand for the packaged food is also driving the stick packaging market.
Asia-Pacific region is expected to dominate the stick packaging market due to rising population and disposable income of the people. The advent of new innovative flexible packaging have replaced the old traditional form of packaging, which have resulted in increase in the use of stick packaging. China, India, Brazil, and South America are the major countries contributing towards the growth of this market. North America is expected to witness a stable growth in stick packaging market.
Drivers
Market Research Analysis
The market is highly application based. The food & beverages segment is dominating the market because they are the largest consumers of stick packaging. The cost of transportation is low and the products using stick packaging usually the fast moving consumer goods which makes them the largest consumer of stick packaging.
The major drivers for this market are increase in disposable income, growth in pharmaceutical industry, and increase in income of people.
There are various factors that hinder the growth of this market such as stringent regulation for the use of plastic, high cost of packaging, lack of availability of resources.
Global Stick Packaging Market Share by Application, 2016 (%)
Key Players
The key players in global stick packaging market are Bemis Company (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.).
Scope of the Report
This study provides an overview of the global stick packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global stick packaging market by its material, by application and by region.
By Material
Paper
BOPP
Aluminum
Plastic
Others
By Application
Food & Beverages
Pharmaceutical
Consumer Goods
Others
By region
North America
Europe
Asia-Pacific
ROW
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