The global stick packaging market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising disposable income coupled with growing number of retail industries are major factor expected to boost growth of the global stick packaging market.
Stick Packaging is one type of flexible packaging as it is easy to handle, conveniently small and is also suitable for on-the-go products. The global stick packaging market report has been segmented on the basis of material, end-user industry, products, and region.
On the basis of material, the global stick packaging is segmented into paperboard, polyethylene, aluminum foil, polyester, paper, polypropylene, cartons, and stand up pouch.
On the basis of end-user industry, the global stick packaging is segmented into food & beverages, pharmaceuticals and cosmetics, consumer goods, and nutraceuticals. The food & beverages segment is expected to contribute significant share in terms of revenue in the global market. The consumer goods segment is estimated to register lucrative CAGR.
On the basis of products, the global stick packaging is segmented into liquid products, semi solid products, and solid products.
On the basis of region, the global stick packaging is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is expected to dominate in the global stick packaging market, and is projected to maintain its dominance over the forecast period. This can be attributed to changing lifestyle coupled with rising awareness regarding clean food, clean water, and pharmaceuticals in countries in the region. Europe market is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. The global stick packaging markets in Asia Pacific, Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global stick packaging include WePackItAll Inc., INEVER S.L., GSC Packaging Inc., Amcor Limited, Aaron Thomas Company Inc., Constantia Flexibles, Sonoco Products Company, Bosch Packaging Technology, Bemis Company Inc., Winpak Ltd., Berry Plastics, and, Exair Corporation.