According to the latest market report published by Transparency Market Research, titled “Stick Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027,” the need for portion control and exact dosage in pharmaceuticals and food & beverage industries is expected to fuel the global stick packaging market during the forecast period, 2019-2027.
Globally, the revenue generated from the sales of stick packaging products have been estimated to be around US$ 1,051.9 Mn in 2018 and are projected to expand at a CAGR of 5.2% by value, during the forecast period.
Stick packs are tube-shaped, elongated packets which are sealed at both ends. These are preferred for packaging due to their sustainability, convenience, and quality. Stick packaging reduces carbon footprint due to its compact size. Usually, length of stick packaging is at least four times longer than its width. Stick packaging finds useful applications in pharmaceuticals, nutraceuticals, food, beverages, and cosmetic industries, where it offers single-serve packaging solutions to customers. Stick packaging is desirable and easy-to-handle packaging solution for on-the-go applications.
In the stick packaging market, the food & beverage sector is expected to drive the market. Stick packaging provides travel accessibility, regardless of the demographic as stick packs can fit anywhere. Besides, stick packaging is conducive to immediate consumption. Nowadays, stick packaging products are lending themselves a part of a larger finished product matrix such as meals boxes, and assist on-the-go consumption.
Also, a remarkable benefit of single-serve stick packaging originates from their capability to provide freshness and extend the shelf life of food & beverages. Stick packaging is now an essential part of various application segments including pharmaceuticals, cosmetics & personal care, industrial, and others.
Manufacturers also produce stick packaging which features a multi-laminated film structure that can be united to optimize moisture and oxygen-barrier properties, precise dosing fill, and dimensional output to reduce manufacturing waste. Overall, the global stick packaging market is expected to witness positive growth throughout the forecast period.
The food & beverage market creates immense opportunities for stick packaging. Consumers want healthy food and beverage options at their fingertips. The on-the-go generation seeks out coffee shops and healthy fast-food outlets for a variety of options. Consumers prefer stick packaging for food and beverages as it offers a healthy single-serve option for the customers.
Manufacturers operating in the stick packaging market-
Key players which have been profiled in the report on the 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.