Press release
Stick Packaging Market: Global Industry Size, Share, Growth, Forecast
Flexible packaging has engrave as a prime solution in the overall packaging market and this growth trend seems to continue against the prospect of environment regulation that propels the companies to find for greener alternatives. Moreover, flexible packaging is rapidly gaining traction against the traditional rigid packaging solution especially in the food & beverages industry. Stick packaging is a type of flexible packaging which is primarily adopted in the food & beverages industry and ideal to pack products related to powder, liquid and granules. It helps to maintain the freshness as well as extend the shelf life of the product. It is portable and convenient for on-the-go consumers. The raw material for stick packaging include paper, aluminum foil or plastic which is an easy yielding material that can easily transform its shape on the nature of the product. Adding to this, these materials go through a detailed modification process that includes coating, lamination, extrusion and printing to develop different sizes of stick packaging which depends upon the product requirement. Stick packs is perfect for single dose packaging to hit the market, therefore, apart from its primary usage of packing, these stick packaging is ideal for the sampling purpose. Most of the food & beverage companies use these stick packaging solution to promote and test their product before the actual launch.
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Global Stick Packaging Market: Market Segmentation
Global stick packaging market is segmented on the basis of material type and application type. On the basis of material type, global stick packaging market is segmented into paper, plastic and aluminum foil. Plastic can be further sub-segmented into polyethylene (PE), polypropylene (PP) and polyester (PS). Plastic is the most widely used material in the global stick packaging market due to its positive attributes which includes low cost, light weight, barrier properties and decorative capabilities. On the basis of application type, global stick packaging market can be segmented into food & beverages, pharmaceutical, consumer goods and others.
Global Stick Packaging Market: Market Dynamics
Currently the demand for sustainable packaging is prevailing in the global stick packaging market with the development of eco-friendly packaging solution. Continuous development and innovation in the area of flexible packaging has supported manufacturers in creating small packaging products, ultimately driving the demand for stick packaging. Another key factor for the growth of global stick packaging market is the rising disposable income coupled with growth of the global retail industry. In addition to this, the rising demand for the packaged food due to health issues is another factor that is driving the growth of global stick packaging market. Another reason towards the growth of global stick packaging market is the busy life style of the consumer that encourage the consumption of on-the-go product. The need for the high barrier flexible packaging such as moisture free, dust free solution is another prominent reason to drive the growth of the global stick packaging market. However, the stringent regulatory landscape towards the use of plastic is expected to hinder the growth of the global stick packaging market over the forecast period.
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Global Stick Packaging Market: Regional Outlook
Geographically, global stick packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific excluding Japan), MEA (Middle East & Africa) and Japan. Global stick packaging market is expected to witness a stable growth with North America to dominate the global stick packaging market in terms of revenue. Furthermore, the manufacturers in developing economies such as China, Brazil, India and ASEAN countries are gradually shifting their focus towards innovative flexible packaging solution from traditional rigid packaging solution in order to increase their sales.
Global Stick Packaging Market: Major Player
One of the key players identified across the globe are WePackItAll Inc., INEVER S.L., GSC Packaging Inc., Amcor Limited, Aaron Thomas Company Inc., Constantia Flexibles, Sonoco Products Company, Bosch Packaging Technology, Bemis Company Inc. and Winpak Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, material type and end use industries
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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
Regional analysis includes:
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
Report highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
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