Stick Packaging Market projected to expand at a CAGR of 5.2% between 2019-2027

Business

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.

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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. For instance, drink mixes such as powdered coffee or instant drinks for bottled water, are easy to transport due to their small sizes and low weight, ensuring convenience for consumers.

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.