Unstoppable Growth: Stick Packaging Market to Achieve US$ 2.0 Billion by 2032

According to a study by FMI, the global stick packaging market is projected to grow steadily at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2032, with sales expected to reach US$2.0 billion by 2032, up from US$1.3 billion in 2022. The study suggests that the top 5 companies are estimated to hold around 20-25% of the market share in 2022.

The powder products segment is anticipated to maintain its dominance in the global stick packaging market, contributing nearly 50% of the revenue. This is mainly 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 expected to be the largest segment in the stick packaging market. This can be attributed to the increasing demand for single-serve packaging and the convenience it offers for powder products, making it a popular choice in the food and beverage and pharmaceutical sectors. Stick packaging also proves to be a cost-effective solution for packaging powder products.

The food and beverage industry is the largest end-user of stick packaging due to the rising demand for single-serve packaging in this sector. The convenience and ease of use provided by stick packaging make it a preferred packaging format. Additionally, stick packaging offers a cost-effective solution for packaging food and beverage products.

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The pharmaceutical industry is also a significant end-user of stick packaging, driven by the increasing demand for single-serve packaging. Stick packaging offers convenience and easy handling for pharmaceutical products, making it an ideal packaging option. Moreover, stick packaging provides a cost-effective solution for packaging pharmaceutical products.

In conclusion, the global stick packaging market is expected to experience 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 stick packaging demand due to the advantages it offers in terms of convenience, ease of use, and cost-effectiveness.

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.

Report Benefits & Key Questions Answered

•          Stick Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Water Resistant Packaging market that affected the growth in the market for the last assessment period 2015–2021 and also studies their consequent impact. It also provide refined the sales projection of the Water Stick Packaging market for the forecast period 2022 to 2032

• Stick Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Stick Packaging for the assessment period. As per the study, the demand for Stick Packaging will grow at a robust CAGR between 2022 to 2032.
• Stick Packaging Market Trend Analysis: The latest study by FMI on the Stick Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

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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