Global Stick packaging Market, By Material (Polyester, Biaxially Oriented Polypropylene, Paper, Aluminum, Metallized Polyester, Polyethylene, Polypropylene, Others), Application (Food & Beverages, Pharmaceuticals, Consumer Goods, Nutraceuticals, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Stick Packaging Market
The Global Stick Packaging Market is expected to reach USD 428.89 million by 2025, from USD 263.82 million in 2017 growing at a CAGR of 6.21% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Stick Packaging Market
Stick packaging is a flexible type of pouch which is suitable for the food packaging. Stick packs are thin adaptable pockets for dry powders. Stick packs are restricted and advantageous; one can pour the substance of the bundle into other frame without much stretching. They are an extremely prudent and proficient type of nourishment bundling. They are observed to be littler than a sugar pack or part pack with the goal that the impressions on the earth are nearly lower than different structures. Increase in demand for material used in stick packaging and growth in industrialisation will derive the stick packaging market. According to Statista, the pharmaceutical sector will grow by 160% between 2017 and in 2030 by 232% in India which will be known to be the biggest growth. As per the U.S. Food and Agriculture Industries, in 2017, the food and agriculture industries are the active contributors to the US economy, accounting for around USD 6.79 trillion or 20.4% of total national output. Thus, the above factor proves that pharmaceutical sector and food and beverages industry is growing and will derive the demand of stick packaging.
- Consumption of petroleum derivatives for increasing energy demand
- Stringent regulations for petroleum treatment
- Effective catalysis demand for Industrial verticals
- Advanced technologies incorporation in chemical synthesis reducing the use of catalysts
- Fluctuating raw material prices
Segmentation: Global Stick Packaging Market
- Biaxially Oriented Polypropylene (BOPP)
- Metallized Polyester
- Food & Beverages
- Consumer Goods
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Landscape: Global Stick Packaging Market
The global stick packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Stick packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In 2018, Bosch packaging technology company started selling its packaging technology and machinery business, basically its food units of the packaging technology division.
Key Market Competitors: Global Stick Packaging Market
The key players operating in the global stick packaging market are –
- Competitive Scenario
- Bemis Company
- Amcor Corporation
- Ball Corporation
- Reynolds Group
The other players in the market are Smurfit Kappa Group, Berry Plastics, Exair Corporation, RPC Group, Rexam, Bosch Packaging Technology, Sonoco Products Company, Constantia Flexibles, Huhtamaki OYJ, Mondi Group, Bosch Packaging Technology, Fres-Co System Inc., Oystar Group, UDG Healthcare PLC, Winpak and other.
Research Methodology: Global Stick Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global stick packaging market.
- Analyze and forecast stick packaging market on the basis of product material and application.
- Trends of key regional and country-level markets for product material and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis