FMI has lowered its growth prediction for worldwide stick packaging sales in the wake of the COVID-19 epidemic. Following this slowing, a moderate CAGR has been anticipated. Increased uses in food and medicinal items are expected to keep demand high.
The packaging industry is undergoing a paradigm transition on a worldwide basis, with demand for flexible packaging solutions gaining traction. The future growth curve of stick packaging is anticipated to be shaped by this tendency. This is in response to the increased demand for low-cost packaging options.
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Plastics made of polypropylene are expected to maintain their popularity.
Throughout the projected period, plastic packaging materials generated from biaxially oriented polypropylene (BOPP) are expected to outperform all other materials. Less weight, less damage during transit, moisture prevention, and environmental friendliness are all factors contributing to their growing popularity. BOPP films have a lower electrostatic charge as well.
Paper packaging, on the other hand, is gaining traction. Paper packaging tubes, like BOPP, are incredibly light, allowing manufacturers to save a lot of money on packing. Paper is also extremely biodegradable and recyclable. Paper-based packaging solutions are being used in a variety of end-use industries, including food and beverage and cosmetics.
The global stick packaging market is dominated by the following prominent vendors*:
- Amcor Plc.
- Glenroy, PrintPack Inc.
- Sharp
- Aranow
- Naturelle Ltd.
- Nellson Anahem
- GFR Pharma Ltd.
- Catalent Inc.
- Hearthside Food Solutions LLC
- Assemblies Unlimited Inc.
- Lithotype
- Fresco Systems USA Inc.
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The market’s growth trajectory is caused by a number of factors, which are examined in depth in the study. The research also identifies the market restraints that are providing a threat to the worldwide Stick Packaging market. This report is the result of a combination of primary and secondary research, and it includes market size, share, trends, and forecasts for major segments and sub-segments while taking macro and micro environmental aspects into account. It also assesses suppliers’ and buyers’ bargaining power, the threat of new entrants and product substitutes, and the level of competition in the market.
Impact of COVID-19 on Stick Packaging Market :
COVID-19 is an unparalleled global public health emergency that has affected almost every industry and its long-term impact is expected to impact the industry growth over the forecast period. Stick Packaging Market Reports provide insight into COVID-19, taking into account changes in consumer behavior and demand, purchasing patterns, rerouting supply chains, current market dynamics, and significant government interventions. The updated study provides insights, analysis, estimations and forecasts considering the impact of COVID-19 on the market.
Global Stick Packaging Market Segmentation:
Key Segments
Material
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- EVOH
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Others
- Paper
- Aluminum
- Others
Capacity
- Up to 5 ml
- 6 ml to 10 ml
- 11 ml to 15 ml
- Above 15 ml
Product Form
- Granules
- Powder
- Liquid
- Semi Solid (Viscous)
End Use
- Food
- Sauces & Dips
- Salt & Sugar
- Spices & Condiments
- Tea & Coffee
- Others
- Personal Care & Cosmetics
- Shampoo & Conditioners
- Face Packs & Gel
- Hair Oil
- Others
- Pharmaceuticals (Cream & Ointments)
- Industrial
- Other End Use
Global Stick Packaging Market research report offers:
- Market definition of the global Stick Packaging market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of global Stick Packaging
- Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
- A comprehensive list of key market players operating in the global Stick Packaging market.
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the global Stick Packaging market.
- Statistical analysis of some significant economics facts
- Figures, charts, graphs, pictures to describe the market clearly.
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