OVERVIEW
The factors which drive the growth of stick packaging market are busy lifestyle of the people due to which there has been increase in the consumption of everyday products and the requirement of flexible packaging that is free from moisture and dust. The other factors that are responsible for the growth of this market are innovation in flexible packaging, rising disposable income of the people, and growth in the packaging industry. Innovation in flexible packaging is expected to give opportunity to manufacturers for producing small packaging, which will result in the growth of stick packaging market. The growing demand for sustainable packaging have increased the use of stick packaging.
The report has been analyzed based on materials, applications, and regions. On the basis of materials, plastic is expected to dominate the stick packaging market due to low cost, light weight, resistance property. Plastic is widely used by packaging industry, also contributing to the growth of the packaging industry. This will lead to growth in stick packaging market. Based on application, food & beverages industry is dominating the market because they are the major consumer of stick packaging. The products in this industry are fast moving and the cost of transportation is low which result in more usage of stick packaging.
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Asia-Pacific accounts for the highest market share during the forecast period
Asia-Pacific region is expected to witness the highest growth during the forecast period because the countries in Asia-Pacific such as India, China, and Brazil are moving over to traditional ways of packaging to innovative packaging, which have resulted in the increased use of stick packaging. In Europe, the increase in demand for food & beverages and retail products such as groceries, is expected to boost the stick packaging market. High consumption of tea in this region will also result in the growth of this market. In North America, U.S. is the largest contributor to this market because the large scale manufacturing of packaging being carried out.
Key Players
We recognize the key players in the global stick packaging market as Bemis Company (U.S.), Amcor Corporation (U.S.) Ball Corporation (U.S.), Reynolds Group Holdings, Inc. (U.S.), Smurfit Kappa Group (U.K.), Berry Plastics Corporation (U.S.), EXAIR Corporation (U.S.), RPC Group Plc. (U.S.), Rexam Plc. (U.S.), and Bosch Packaging Technology (U.S.).
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global stick packaging market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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