Stick Packaging Market witnesses lucrative growth opportunities | Top Growth Factors and Industry Trends

Press Release

Transparency Market Research provides vital insights on the stick packaging market in its published report, titled “Stick Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027.” In terms of revenue, the global stick packaging market is projected to expand at a CAGR of 5.2% during the forecast period, owing to various factors, about which TMR offers detailed insights and forecasts in this report.

Convenient packaging formats are gaining popularity in the market day-by-day. Stick packaging is utilized for multiple applications and its handiness is unparalleled. Stick packs are tube-shaped, elongated packets which are sealed at both the ends. Usually, stick packaging is a cylindrical-shaped unit dose packaging product designed to contain gels, liquids, semi-solids, and powders for customers in various end-use markets including personal care & cosmetics, pharmaceuticals, nutraceuticals, food & beverages, dental, industrial, and diagnostics among others. Stick packaging is desirable and easy-to-handle packaging solution for on-the-go applications.

In the report, TMR suggests that the growing inclination towards the use of single-serve packaging solutions coupled with convenience, quality, and sustainability offered by stick packaging is supposed to fuel the global stick packaging market during the next decade. Among material type, the polyester segment is supposed to dominate the stick packaging market throughout the forecast period. It offers high strength, heat resistance, and abrasion. Polyester is highly adopted in the packaging industry and has low moisture absorption and excellent wear resistance. Among filler type, powdered products account for more than 40% of the global stick packaging market.

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North America is expected to dominate the stick packaging market throughout the next decade. In the North American region, the U.S. is expected to lead the market, attributed to its high acceptance of standardized packaging to offer single-serve solutions to the customers.

The North American region is followed by Europe and APEJ. Similar trends are followed by the countries in these regions. Stick packaging is rapidly gaining market due to its compact size and it also minimizes film usage and reduces carbon footprint. These factors are expected to fuel the global stick packaging market during the forecast period.

The manufacturers operating in the global stick packaging market include Amcor Limited, Bemis Company Incorporated, GSC Packaging Inc., T.H.E.M., Sonic Packaging Industries, GreenSeed Contract Packaging, Aristo Pharma GmbH, Aaron Thomas Company, Inc., Ion Labs Inc., Hearthside Food Solutions LLC, GFR Pharma, Glenroy, Inc., Nellson Anaheim, GreenSeed Contract Packaging, Label Impressions, Inc. and Contract Pharmacal Corp. among others.