Stick Packaging Market, By Material (Paper, BOPP, Aluminum, Plastic, and Others), By Application (Food & Beverages, Pharmaceutical, Consumer Goods, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034

Report Code: PMI450420 | Publish Date: March 2024 | No. of Pages: 180

Global Stick Packaging Market Overview

Stick Packaging Market was valued at US$ 1.5 Billion in 2024 and is projected to grow at a CAGR of 19.20% to reach US$ 7.7 Billion by 2034.

Packaging is a process of enclosing a product for the storage purpose. Stick packaging is a reasonably flexible packaging where products are packed; these products are in type of liquid/ solid/ semi-solid. The name of stick packaging comes from its shape. They’re skinny, flexible, narrow, and convenient pouches accustomed pack dry powders in order that they will be easily transferred. Stick packaging are very efficient and economical for food packaging. They’re smaller than portion pack thus comparatively effective. Stick packaging are widely used to pack coffee and tea, sweeteners, pharmaceutical products, dry milk, etc.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. High demand for food packaging owing to increasing demand for the product across processed and packaged food segment. Furthermore, consumers are moving towards packaged foods owing to their longer shelf-life and ease of storage, which is a key factor promoting its use during the COVID-19 outbreak. This report will quantify the impact of pandemic on stick packaging market.

Global Stick Packaging Market Drivers & Restraints

Rise in demand for material used in stick packs from emerging economies, growth in industrialization, and rapid increase in applications drive the global stick packaging market. With spur in per capita income and rise in advent of convenient and eco-friendly packaging have stimulated the demand for stick packs. U.S. and China are assumed to witness the highest demand for stick packaging. The demand for stick packs is projected to rise in the developing countries with the rise in population in countries such as China, Brazil, and some other Asia-Pacific countries that include India and Thailand. The increase in awareness regarding clean water, safe food, and pharmaceuticals is expected to drive the packaging market.

Increasing demand for packaged food

Increasing demand for packaged food due to its health benefits coupled with busy lifestyle of consumers which prefer packaged products are some other factors expected to drive growth of the global stick packaging market. Additionally, rising consumer disposable income has led to a rise in demand for garden-fresh products. Increasing consumer demand for environment-friendly food packaging solutions with low costs and ease of handling is expected to drive the demand over the next few years. However, lack of available sources of credit, high cost of packaging materials, and legislation across boundaries deters the market growth. Recent stringent regulations regarding use of plastics hamper the growth.

Global Stick Packaging Market Segmentations & Regional Insights

The stick packaging market is segmented based on material, application and region.

On the basis of material, the global stick packaging market is segmented into paper, BOPP, aluminum, plastic, and others. Based on application the target market segmented into food & beverages, pharmaceutical, consumer goods, and others.

 Regional Insights:

On region the global stick packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region is expected to witness the highest growth during the forecast period due to the rising middle-class population and rise in disposable income of the people in this region. The emerging economies such as China, Brazil, and South Africa prefer new innovative flexible packaging over using traditional rigid packaging, which will result in the growth of this market. North America is expected to witness a stable growth in stick packaging market.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 – 2034

Market Segmentation

By Material- Paper, BOPP, Aluminum, Plastic, and others

By Application- Food & Beverages, Pharmaceutical, Consumer Goods, and others

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global stick packaging market report based on material, application, and region.

Stick Packaging Market, By Material:

  • Paper
  • BOPP
  • Aluminum
  • Plastic
  • others

Stick Packaging Market, By Application:

  • Food & Beverages
  • Pharmaceutical
  • Consumer Goods
  • others

Stick Packaging Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Stick Packaging Market Competitive Landscape & Key Players

The key players operating in the global stick packaging market includes Bemis Company, Inc., Amcor Corporation, Ball Corporation, Reynolds Group Holdings, Inc., Smurfit Kappa Group, Berry Plastics Corporation, EXAIR Corporation, RPC Group Plc., Rexam Plc., and Bosch Packaging Technology. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In August 2019, Berry Global Group, Inc. acquired RPC Group Plc. These acquisitions strengthen the global footprint of the company.

Global Stick Packaging Market Company Profile

  • Bemis Company, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Amcor Corporation
  • Ball Corporation
  • Reynolds Group Holdings, Inc.
  • Smurfit Kappa Group
  • Berry Plastics Corporation
  • EXAIR Corporation
  • RPC Group Plc.
  • Rexam Plc.
  • Bosch Packaging Technology

FAQs

The Stick Packaging Market report segments the market been segmented on the basis of material, application and region.

Rise in demand for material used in stick packs from emerging economies, growth in industrialization, and rapid increase in applications drive the global stick packaging market.

Asia-Pacific region is expected to witness the highest growth during the forecast period.

The leading players operating in the Stick Packaging Market includes Bemis Company, Inc., Amcor Corporation, Ball Corporation, Reynolds Group Holdings, Inc., Smurfit Kappa Group, Berry Plastics Corporation, EXAIR Corporation, RPC Group Plc., Rexam Plc., and Bosch Packaging Technology.