The global stick packaging market is on a growth trajectory, with an anticipated valuation of USD 1,358.4 million in 2023, projected to reach USD 2,028.4 million by 2033. The market is expected to expand at a compound annual growth rate (CAGR) of 4.3% during the forecast period
Core Concepts in the Stick Packaging Industry
- Market Size in 2022: The stick packaging market reached a value of US$ 1,293.9 million.
- Estimated Global Market Size in 2023: The market size is set to reach US$ 1,358.4 million in 2023.
- Expected Market Valuation in 2033: The market valuation is expected to reach US$ 2,028.4 million by 2033.
- CAGR Over the Last 4 Years: The market exhibited a 1% CAGR over the last four years.
- Demand Outlook Through 2033: Demand for stick packaging is expected to rise at a 3% CAGR through 2033.
- Significant End Use by 2023: The food and beverage segment is expected to garner a significant value share.
- Stick Pack Packaging: Stick pack packaging is a type of long and narrow flexible packaging, resembling a stick.
- Advantages of Stick Packaging: Key advantages include flexibility, convenience, and versatility.
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Key Dynamics Driving Market Growth:
- Sustainable and Eco-friendly Materials: The shift towards biodegradable and compostable materials is reshaping the stick packaging landscape. Companies are investing in research and development to create sustainable alternatives, such as compostable films and bio-based polymers.
- Bio-based Packaging Innovations: The development of bio-based stick packaging is revolutionizing the industry by reducing reliance on traditional plastics and minimizing environmental impact. Materials like sugarcane waste are being used to create eco-friendly packaging solutions with excellent clarity, flexibility, and recyclability.
- Adoption in Fitness and Healthcare Sectors: The growing adoption of stick packs in the fitness and healthcare sectors is contributing to market expansion. These sectors value the precise dosing and small packaging sizes of stick packs for supplements, medications, and health-related products.=
Who is Winning?
Amcor Plc, Catalent Inc., Sonoco Product Company, Huhtamaki Oyj, Proampac Llc, Constatntia Flexible Group, Glenroy, Inc., GFR Pharma Ltd, Unirther Pharmaceuticals SAS, HWR Packaging Llc. and others are prominent stick packaging manufacturers listed in the report. The Tier 1 players hold 20% to 25% share in the global stick packaging market.
Key companies are launching new products made from using eco-friendly materials to expand their customer base. They are also implementing strategies like mergers, acquisitions, partnerships, and collaborations to strengthen their footprint. For instance,
- In April 2022, a new line of sustainable high shield laminates for pharmaceutical sachets and stick pack and strip pack packaging was introduced by Amcor Plc.
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Global Stick Packaging Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global stick packaging market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.
The study reveals growth projections on the global stick packaging market based on material (plastic, paper, aluminum, others (hybrid material, bio-based)), capacity (up to 5ml, 6ml to 10ml, 11ml to 15ml, above 15ml), application (solid, powder, liquid), end use (food and beverage, pharmaceuticals and nutraceuticals, personal care and cosmetics, other industrial), and region.
Emerging Trends:
- Increased Investment in R&D: Companies are dedicating resources to explore alternative materials and enhance the sustainability of stick packaging. Innovations in biodegradable and compostable materials are expected to further drive market growth.
- Consumer Preferences for Eco-friendly Solutions: Rising consumer awareness about environmental issues is leading to greater demand for eco-friendly stick packaging solutions. Brands are focusing on adopting recycled materials and emphasizing their recyclability to meet consumer expectations.
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Global Stick Packaging Market Segmentation by Category
By Capacity:
- Up to 5 ml
- 6 ml to 10 ml
- 11 ml to 15 ml
- Above 15 ml
By Material:
- Plastic
- Paper
- Aluminum
- Others (Hybrid Material, Bio Based)
By Application:
- Solid
- Powder
- Liquid
By End Use:
- Food and Beverage
- Pharmaceutical and Nutraceuticals
- Personal Care and Cosmetics
- Other Industrial
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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