USD 413.50 million
Global Stick Packaging Market Size, Share, Growth Analysis, By Material(Plastic, Paper), By Application(Food & Beverages, Consumer Goods) - Industry Forecast 2024-2031
Report ID:
SQMIG15H2061 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
65 |
Figures:
69
Global Stick Packaging Market Insights
Global stick packaging market size was valued at USD 413.50 million in 2022 and is poised to grow from USD 437.90 million in 2023 to USD 692.69 million by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).
Stick packaging is popular for its compact and flexible form factor that allows consumers to take their product anywhere for on-the-go use. This type of packaging is extensively used for instant beverages, pharmaceuticals, and condiments. The form factor of stick-packaged products makes them easy to use and dispose of for consumers and this is why many manufacturers opt for this type of packaging across different industry verticals. Increasing incorporation of sustainable and eco-friendly materials to make stick packaging is also contributing to the global stick packaging market growth. Pharmaceutical and nutraceutical manufacturers are opting for stick packaging to pack their powered and liquid-form products.
Low costs of stick packaging and their minimal contribution to environmental waste also make it a preferred choice of packaging for many applications. Stick packaging providers have been quick to jump on the sustainability bandwagon as they are incorporating biodegradable films, paper, and plant-based materials in their offerings to attract companies to opt for eco-friendly packaging solutions. Growing demand for sustainable packaging from consumers is a key prospect pushing manufacturers to opt for the same going forward. The robust growth of the e-commerce industry and rising online sales of consumer goods are also contributing to the heightened demand for stick packaging.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic
Fastest Growth
Paper
Growth Rate
5.9% CAGR
Global Stick Packaging Market ($ Bn)
Country Share for North America Region (%)
Global Stick Packaging Market By Material ($ Bn)
Global Stick Packaging Market By Material (%)
To get more reports on the above market click here to Buy The Report
Global Stick Packaging Market Segmental Analysis
The global stick packaging market is segmented based on material, application, and region. In terms of material, the market is segmented into paper, plastic, aluminum, and others. Based on application, the market is segmented into food & beverages, consumer goods, pharmaceuticals, and others. On a regional level, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
Stick packaging made from plastic accounts for a major market share. Plastic has been the preferred choice for packaging owing to its lightweight, durable, and long-lasting properties that help improve the shelf life of any product. However, the increasing focus on sustainability and growing demand for eco-friendly packaging is predicted to hurt the sales of plastic stick packaging in the future. Bans on single-use plastic and efforts to reduce the use of plastic packaging to curb plastic waste are estimated to hurt growth in this segment, but it will still hold a significant share of the market. Bioplastics are estimated to replace plastics in the near future.
The use of paper for manufacturing stick packaging is projected to increase at a rapid pace across the forecast period as it is a sustainable alternative to plastic. Advancements in paper packaging technologies are contributing to the growing use of paper in the stick packaging marketplace. The growing adoption of sustainable packaging by different companies around the world is slated to motivate stick packaging companies to include paper and other eco-friendly materials in their offerings.
Analysis by Application
Food and beverages are projected to account for a high share of the global stick packaging marketplace. The growing popularity of on-the-go foods and beverages coupled with rising demand for convenient packaging are predicted to contribute to the significant market share of food & beverage applications over the coming years. High adoption of fast-paced lifestyles has promoted the demand for convenience and packaged foods around the world and this is also slated to favour demand for stick packaging in food & beverage applications going forward.
The use of stick packaging for pharmaceutical applications is forecasted to increase at a notable pace across the forecast period. Excellent barrier properties of stick packaging allow pharmaceutical companies to conveniently pack powders, liquid, and granular pharmaceuticals. Increasing demand for sustainable packaging in the pharmaceutical industry is also estimated to benefit demand for paper stick packaging over the coming years. Moreover, product innovation expanding the application scope of stick packaging is also slated to benefit growth in this segment going forward.
Global Stick Packaging Market By Material, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Stick Packaging Market Regional Insights
The demand for stick packaging is predicted to be highest in the North American region across the forecast period and this can be ascribed to the adoption of fast-paced lifestyles of people in this region. High focus on healthcare and fitness, increasing adoption of clean lifestyles, and rising demand for convenient and on-the-go packaging are all estimated to benefit stick packaging market growth in this region. The United States and Canada are forecasted to be the top markets for stick packaging companies in North America going forward. The rapidly expanding food & beverages industry and high consumption of packaged and convenience food products are also slated to uplift sales of stick packaging in the long run.
Asia Pacific is predicted to emerge as the fastest-growing regional stick packaging market in the world. Increasing disposable income, expanding middle-class population, and rapidly expanding population base are some of the key factors that make this region a highly opportune one for not only stick packaging companies but all types of packaging solution providers. Growing e-commerce activity and rising demand for eco-friendly packaging are other factors that alter the stick packaging market growth trajectory in the Asia Pacific region. India, Japan, and China are slated to be the top markets for stick packaging providers in this region.
Global Stick Packaging Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Stick Packaging Market Dynamics
Drivers
Rise in e-Commerce Activity
- The e-commerce industry is growing rapidly around the world and this has led to a high demand for packaging solutions, which in turn, is benefitting the stick packaging market growth scope. The increasing proliferation of the internet around the world and growing digitization are contributing to the expansion of e-commerce activity.
Minimal Waste & Low Costs
- Stick packaging requires anywhere from 10% to 40% less material as compared to traditional rectangular packaging and due to its small form factor, its disposal also has minimal impact on environmental waste. Stick packaging is highly affordable owing to its compact factor and allows companies to package their products with minimal cost and no compromise on the quality of packaging.
Restraints
Strict Regulations on Use of Plastic
- Governments across the world are banning the use of plastic or imposing stringent mandates for plastic use and disposal. Since most packaging is made from plastic it is creating difficulties for stick packaging companies to comply with these new regulations thereby slowing down market growth as well.
High Costs of Eco-friendly Packaging Materials
- Opting for eco-friendly packaging materials to comply with modern sustainability mandates and evolving consumer preferences could incur additional costs for stick packaging companies as some sustainable materials cost more than their traditional non-eco-friendly counterparts.
Request Free Customization of this report to help us to meet your business objectives.
Global Stick Packaging Market Competitive Landscape
The move towards sustainable and eco-friendly materials will be the key focus of established as well as new stick packaging companies. Stick packaging providers are continually focusing on new collaborations and partnerships with material companies to create new sustainable materials that are also affordable. Stick packaging companies are also investing heavily in the R&D of new types of packaging solutions to fulfil the diverse demands of industry verticals. Market players can also focus on mergers and acquisitions to strengthen their market share and gain a competitive edge over other companies. Localization of manufacturing activity by partnering with local packaging companies could also help stick packaging companies maximise their profitability and improve operational efficiency. The rapidly expanding cosmetics and personal care industry is also projected to provide a multitude of opportunities for stick packaging providers in the future.
Top Player’s Company Profiles
- Bemis Company Incorporated
- Mondi Group
- Sonic Packaging Industries
- GSC Packaging Inc.
- Smurfit Kappa
- Aaron Thomas Company, Inc.
- Huhtamaki OYJ
- GreenSeed Contract Packaging
- Constantia Flexibles
- Amcor Limited
- Oystar Group
- Constantia Flexibles
- Ion Labs Inc.
- Sonoco Products Company
Recent Developments
- In July 2022, Quadpack, a renowned provider of packaging solutions for the beauty industry, announced the launch of its new stick packaging solutions for solid cosmetic stick formulas. The packaging solutions are completely recyclable.
- In February 2023, Volpak, a provider of packaging machinery, announced the launch of its new Enflex PHS series designed specifically to offer stick pack solutions for the pharmaceutical industry. This move was intended to capitalise on the growing use of stick packaging in the healthcare and pharmaceutical industry.
Global Stick Packaging Key Market Trends
- Adoption of Sustainable Materials: Stick packaging companies can widen their business potential by opting for sustainable manufacturing practices and making their packaging products using eco-friendly materials as well. Stick packaging companies can also invest in their R&D divisions to create new types of stick packaging solutions that are unique and comply with modern sustainability standards.
Global Stick Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, high demand for convenience products and rising adoption of fast-paced lifestyles are estimated to contribute to the growing demand for stick packaging around the world. The low costs and minimal environmental impact of stick packaging have made it a popular choice among manufacturers from different industry verticals. Rising disposable income, a growing e-commerce industry, and high demand for sustainable packaging solutions are other prospects that could boost stick packaging market growth in the future. However, the ban on plastics and the high costs of certain eco-friendly packaging materials are estimated to slow down stick packaging market development going forward. Rising demand for sustainable packaging and high sales of convenience and on-the-go food products allow North America to account for a dominant share of the global stick packaging market. Stick packaging providers are continually focusing on incorporating sustainable and eco-friendly materials in their products to attract eco-conscious consumers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 413.50 million |
| Market size value in 2031 | USD 692.69 million |
| Growth Rate | 5.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Stick Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Stick Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Stick Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Stick Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Stick Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Stick Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Stick Packaging Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
