Global Stick Packaging Market Size, Share, Growth Analysis, By Material(Plastic, Paper), By Application(Food & Beverages, Consumer Goods) - Industry Forecast 2024-2031

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.