According to IMARC Group’s latest report, titled “Stick Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 314.8 Million in 2020. Stick packaging are tube-shaped, flexible and elongated package pouches sealed at both ends to store and protect products in small quantities. They are manufactured using aluminum, paper, polyethylene, polyester, biaxially oriented polypropylene (BOPP) and metalized polyester. They are used for solid, semi-solid and liquid substances. Stick packaging assists in preventing spillage and tampering, improving compliance and enhancing product safety. In comparison to traditional packaging materials, stick packaging solutions offer enhanced durability, cost-effectiveness and have a lower carbon footprint. As a result, they find extensive applications across various industries, such as pharmaceutical, nutraceutical and food and beverage.
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The global stick packaging market is primarily being driven by the widespread product adoption in the food and beverage industry. Stick packaging is widely used for products, such as portioned spice mixes and single-serve beverages, including coffee, tea and milk. Moreover, various product innovations, such as the development of environment-friendly stick packaging solutions, are providing a thrust to the market growth. These packaging materials are biodegradable, produce no harmful toxins and can be conveniently reused or recycled. Other factors, including the shifting consumer preference toward ready-to-eat (RTE) products due to hectic lifestyles and busy schedules, along with the widespread product adoption in the pharmaceutical industry for storing liquid medicines, capsules, and pills, are creating a positive outlook for the market. Looking forward, IMARC Group expects the stick packaging market to grow at a CAGR of 6.2% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Aaron Thomas Company Inc.
- Amcor
- Ball Corporation
- Berry Global
- Constantia Flexibles Group GmbH
- Fres-co System USA Inc.
- GreenSeed Contract Packaging
- Huhtamaki OYJ
- Mondi Plc
- Smurfit Kappa Group
- Sonoco Products Company
- Winpak Ltd. (Wihuri Packaging Oy).
Market Segmentation:
Breakup by Material Type:
- Polyester
- Biaxially Oriented Polypropylene (BOPP)
- Paper
- Aluminum
- Metallized Polyester
- Polyethylene
- Polypropylene
- Others
Breakup by Filling Type:
- Powder
- Liquid
- Tablets
Breakup by Capacity:
- 0 – 5 ml
- 5 ml – 10 ml
- 10 ml – 15 ml
- 15 ml – 20 ml
- 20 ml and Above
Breakup by Application:
- Food and Beverages
- Pharmaceuticals
- Consumer Goods
- Nutraceuticals
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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