Stick Packaging Market Will Generate New Growth Opportunities in Upcoming Year

The global stick packaging market is set to grow steadily, despite COVID-19 induced sluggishness decelerating growth, according to a recent study published by Future Market Insights. This report elaborates on the prominent drivers and success factors that are likely to drive demand during the assessment period.

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Globally, the packaging industry has experienced major developments in recent years. High demand for flexibility and durability of packaging has prompted manufacturers to incorporate novel solutions by utilizing lightweight and eco-friendly material.

Some prominent players operating in this landscape are Amcor Plc, Glenroy, PrintPack Inc., Sharp, Aranow, Naturelle Ltd., Nellson Anahem, GFR Pharma Ltd., Catalent Inc., Hearthside Food Solutions LLC, Assemblies Unlimited Inc., Lithotype and Fresco Systems USA Inc.

“Prominence of sustainable packaging solutions is prompting manufacturers to introduce lightweight, flexible and environmentally friendly material in their existing packaging products ambit,” observes the FMI analyst.

Stick packaging offers a host of benefits. Besides its aesthetic appeal, stick packaging helps in maintaining compactness, are lightweight, and prove instrumental in protecting the product from external shocks. Based on these trends, the market is witnessing an impressive surge.

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Key Segments-
Material:
Plastic
Polyethylene (PE)
Polypropylene (PP)

Capacity:
Up to 5 ml
6 ml to 10 ml
11 ml to 15 ml
Above 15 ml

Product Form:
Granules
Powder
Liquid

Key Takeaways from FMI’s Stick Packaging Market Study
By material, BOPP plastic stick packaging to remain highly preferred. However, paper stick packing is likely to expand rapidly
Liquid products sales such as cosmetic creams and food pastes to remain primary users of stick packaging solutions
By end use, food industry likely to tower over the rest, owing to high demand for instant consumables
Asia to pivot market growth, North America to enjoy substantial revenue share from 2020-2030

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COVID-19 Impact Insights :
The novel coronavirus pandemic has drastically impacted global manufacturing capacities, crippling distribution networks and disrupting supply chains. Government mandated shutdowns have caused a decline in production activities, reducing profit margins and stemming revenue inflow.

Due to this shutdown, the global packaging industry has also suffered several setbacks. The stick packaging market has also borne the brunt of this deceleration. Fortunately, the ever increasing demand for foodstuffs and pharmaceutical products has prompted providers to keep their businesses operational.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.