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).

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. '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'

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.

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.

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.