Stick Packaging Market growth 2021: Global Projection, Developments Status, Analysis, Trend and Forecasts

 Market Highlights

Stick packaging is generally used for food packaging which is easy to handle. The shape of the stick packaging is vertical and elongated. Depending on the shape of the stick packaging, the substance can be easily poured into any form. As compared to other form of packaging, stick packaging is very economical and efficient. There is low environmental impact than any other form of packaging. The major growth factor of stick packaging market are increase in the income of the people, innovation in flexible packaging, rise in disposable income, and growth in packaging industry. The increase in demand for the packaged food is also driving the stick packaging market.

Asia-Pacific region is expected to dominate the stick packaging market due to rising population and disposable income of the people. The advent of new innovative flexible packaging have replaced the old traditional form of packaging, which have resulted in increase in the use of stick packaging. China, India, Brazil, and South America are the major countries contributing towards the growth of this market. North America is expected to witness a stable in stick packaging market growth.

Market Research Analysis

The market is highly application based. The food & beverages segment is dominating the market because they are the largest consumers of stick packaging. The cost of transportation is low and the products using stick packaging usually the fast moving consumer goods which makes them the largest consumer of stick packaging.

The major drivers for this market are increase in disposable income, growth in pharmaceutical industry, and increase in income of people.

There are various factors that hinder the growth of this market such as stringent regulation for the use of plastic, high cost of packaging, lack of availability of resources.

Key Players

The key players in global stick packaging market are Bemis Company (U.S.), Amcor Corporation (U.S.), Ball Corporation (U.S.), Reynolds Group Holdings, Inc. (U.S.), Smurfit Kappa Group (U.K.), Berry Plastics Corporation (U.S.), EXAIR Corporation (U.S.), RPC Group Plc. (U.S.), Rexam Plc (U.S.), and Bosch Packaging Technology (U.S.)

Scope of the Report

This study provides an overview of the global stick packaging market share, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global stick packaging market by its material, by application and by region.

  • By Material

  • Paper
  • BOPP
  • Aluminum
  • Plastic
  • Others

  • By Application

  • Food & Beverages
  • Pharmaceutical
  • Consumer Goods
  • Others

  • By region

  • North America
  • Europe
  • Asia-Pacific
  • ROW

.

Browse Complete report @  https://www.marketresearchfuture.com/reports/stick-packaging-market-2573

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

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