Demand for Flexibility to Accelerate Market Growth
On a global scale, the packaging industry is undergoing a paradigm shift, with demand for flexible packaging solutions acquiring momentum. This trend is likely to shape the future stick packaging growth curve. This is in response to growing preference for economical packaging solutions.
Amid the COVID-19 pandemic, FMI has revised growth forecast for global sales of stick packaging. A modest CAGR has been estimated in the wake of this deceleration. Demand is likely to be sustained by increasing applications in food and pharmaceutical products.
Polypropylene Plastics to Retain Popularity
Plastic packaging material derived from biaxially oriented polypropylene (BOPP) is expected to tower over all other materials throughout the forecast period. Their surging popularity is attributed to less weight, minimum damage during transit, preventing moisture accumulation and environmental friendliness. BOPP films also acquire less electrostatic charge.
Simultaneously, paper packaging is gaining significant ground. Like BOPP, paper packaging tubes are extremely lightweight, enabling manufacturers to save immensely on packaging costs. Additionally, paper is highly biodegradable and recyclable. Several end-use industries such as food & beverage and cosmetics are incorporating paper-based packaging solutions.
Extensive Application across Food Industry
The food industry is poised to register the maximum application of stick packaging. Several food items such as spices & condiments, sugar & salt, tea & coffee, chocolates, etc. are packaged in stick packages as they are convenient and inexpensive.
Also, rising online food purchases have increased, necessitating the need for flexible, robust and secure packaging solutions, thus heightening growth prospects for stick packaging in the long run. Stick packaging is also being deployed across the cosmetic industry.
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Asia to Emerge as Fastest Growing Market
While North America is expected to generate a substantial chunk of revenue, the Asian market is slated to emerge as the fastest growing region in the global stick packaging landscape for the 2020-2030 assessment decade.
The Asian market is slated to register a multi-million dollar valuation, attributed to the emergence of a large number of regional manufacturers. Markets such as India, China and Japan are slated to pivot the growth due to high demand for foodstuffs, pharmaceutical products and cosmetics.
Stick Packaging Market- Prominent Players
The global stick packaging market is dominated by the following prominent vendors*:
- Amcor Plc.
- Glenroy, PrintPack Inc.
- Naturelle Ltd.
- Nellson Anahem
- GFR Pharma Ltd.
- Catalent Inc.
- Hearthside Food Solutions LLC
- Assemblies Unlimited Inc.
- Fresco Systems USA Inc.
*This list is only indicative- full details about stick packaging market players is available upon request.
The presence of innumerable large, medium & small enterprises renders the global stick packaging market intensely competitive. To survive this breakneck competition, the listed players employ a host of strategies.
New product launches, partnerships & expansions and mergers & acquisitions are amongst the major strategies deployed by the aforementioned vendors. In addition, capacity expansion is also considered an effective growth strategy.
Stick Packaging Market- Report Scope
Historical Data Available for
US$ Mn for Value and Tons for Volume
Key Regions Covered
North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia & Oceania
Key Countries Covered
U.S, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Poland, Turkey, South Africa, GCC, Japan, South Korea, India, China, Australia and New Zealand.
Key Segments Covered
Material, Capacity, Product Form & End Use
Key Companies Profiled
Amcor Plc, Glenroy, PrintPack Inc., Sharp, Aranow, Naturelle Ltd., Nellson Anahem, GFR Pharma Ltd., Catalent Inc., Hearthside Food Solutions LLC, Assemblies Unlimited Inc., Lithotype and Fresco Systems USA Inc.
Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19’s Impact, Segmental Analysis, Regional Profiling, Market Structure Analysis and Competition Analysis
Customization & Pricing
Key questions answered in the report
- How will the stick packaging market grow from 2020-2030?
According to FMI’s analysis, the global stick packaging market will grow at a modest CAGR during 2020-2030 assessment period. High demand for flexible packaging solutions is driving growth.
- Which is the most frequently used material for stick packaging?
Biaxially oriented polypropylene (BOPP) plastic stick packaging are expected to garner maximum traction across multiple end-use industries. Their less weight, minimum damage during transit, preventing moisture accumulation and environmental friendliness make them highly popular. BOPP films also acquire less electrostatic charge.
- Which is the largest market for the stick packaging market?
Asia is slated to be the fastest growing market throughout the forecast period. China and India are likely to pivot growth, attributed to the presence of a large number of regional manufacturers. Also, high demand for food, pharmaceuticals and cosmetic products is sustaining growth.
- Examine COVID-19’s Impact on the market.
The COVID-19 pandemic is likely to usher in a minor deceleration in the short-term. This is largely a product of government imposed restrictions on manufacturing, causing plant shutdowns and production crunches.
The market is expected to remain afloat in the food and pharmaceuticals domain, as consumers are accessing online sales platforms to avail their supply of instant foods & beverages and important medicines for several chronic conditions and immunity boosting supplements.
- Which are the leading players in the stick packaging market?
Prominent players in the stick packaging landscape include Amcor Plc, Glenroy, PrintPack Inc., Sharp, Aranow, Naturelle Ltd., Nellson Anahem, GFR Pharma Ltd., Catalent Inc., Hearthside Food Solutions LLC, Assemblies Unlimited Inc., Lithotype and Fresco Systems USA Inc.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the stick packaging market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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- Polyethylene (PE)
- Polypropylene (PP)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Up to 5 ml
- 6 ml to 10 ml
- 11 ml to 15 ml
- Above 15 ml
- Semi Solid (Viscous)
- Sauces & Dips
- Salt & Sugar
- Spices & Condiments
- Tea & Coffee
- Personal Care & Cosmetics
- Shampoo & Conditioners
- Face Packs & Gel
- Hair Oil
- Pharmaceuticals (Cream & Ointments)
- Other End Use
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Russia, Poland & Rest of Europe)
- Middle East & Africa (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)
- East Asia (China, Japan & South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
- Oceania (Australia & New Zealand)