The global stick packaging market is projected to grow at a CAGR of 4.7% during the forecast period. (2022-2032). By 2032, market revenues are projected to increase from US$ 1.3 billion to US$ 2.0 billion. In 2022, the top 5 companies will control around 20–25% of the global stick packaging industry, according to the report.
Depending on the application, it is anticipated that the worldwide stick packaging market will continue to be dominated by the powder goods sector. About 50% of revenue is predicted to come from the powder product area because single-serve packaging is becoming more and more popular in the food, beverage, and pharmaceutical industries.
The stick packaging market refers to the industry involved in the production, distribution, and sales of stick pack solutions for packaging various types of products. Stick packaging is a popular packaging format characterized by its long, slim shape, similar to a stick or a tube. It is commonly used for packaging single-serve or small-portion products, such as powders, granules, liquids, gels, and other free-flowing substances.
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According to a new analysis by Future Market Insights, the COVID-19-induced sluggishness is expected to slow growth, but the worldwide stick packaging market is still expected to expand gradually. The main forces and success factors that would probably influence demand during the evaluation period are discussed in detail in this paper.
The packaging sector has seen significant changes recently on a global scale. Manufacturers have been forced to implement creative solutions by utilising lightweight and environmentally friendly material due to the high demand for packaging that is flexible and durable.
Stick packaging has many advantages. sachet packaging, in addition to being aesthetically pleasing, aids in preserving compactness, is lightweight, and helps shield the product from outside shocks. These tendencies have led to an extraordinary increase in the market.
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
Stick Packaging Market by Category
By Material:
- Plastic
- Paper
- Metal
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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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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