Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Stick Packaging Market (By Material Type: Polyester, Polyethylene, Paper, Metallized Films, Others; By Filler Type: Powder, Liquid, Tablets; By Capacity: 0 - 5 ml, 5 ml - 10 ml, 10 ml - 15 ml, 15 ml - 20 ml, 20 ml & above; By Application: Cosmetics & Personal Care, Food & Beverages, Industrial, Pharmaceuticals, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, March 18, 2019 (GLOBE NEWSWIRE) -- The global stick packaging market size is anticipated to around USD 1,750.5 Million by 2026, this market is anticipated to grow with 5.4% CAGR during the forecast time period. The rise in demand for stick packaging for single-serve in nutraceuticals is expected to drive the growth of the global stick packaging market.
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In the stick packaging market, the food & beverages industry is anticipated to drive the global stick packaging market. Stick packaging provides light weight and convenience, irrespective of the demographic as it can fit anywhere. Also, stick packaging is beneficial for immediate consumption. Currently, the stick packaging products are offered as a part of a greater end-user product such as meals boxes, and support usage of product anywhere. Also, a significant advantage of single-serve stick packaging provide freshness and lengthen the shelf life of food & beverages. Stick packaging is one of the essential packaging solutions that is used in various application segments that include cosmetics & personal care, pharmaceuticals, industrial, and others. In the pharmaceuticals industry, the single-serve packaging is very effective as compared to the larger packs that are opened and closed numerous times and results in the introduction of moisture, pollution, and waste into the packs. Similarly, stick packaging offers clear doses and are consistent in usage, therefore concentrating on portion control. Moreover, the usage of stick packaging eliminates the confusion concerning the dose inconsistencies and risks related to them.
Nowadays, customer preferences are changing rapidly. In urban areas, for instance, the customers are looking for various choices in terms of price, quality, and functionality of packaging for products such as beverages, condiments, pharmaceuticals, and instant drinks etc. Usually, users gratefully pay for the products that are easy in handling and low in weight. The stick packaging products are more cost-effective and reasonable than large-sized packaging. The current trend towards compact sizes such as stick packaging is used based on individual preferences. Therefore, the growing importance of fitness results in an increase in the consumption of supplements. Single-serve packaging for supplements & nutraceuticals is gaining popularity with the changing lifestyles and inclination of consumer towards health & fitness. Therefore, consumers are becoming more aware of their health. These factors are expected to boost the growth of the stick packaging market.
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The global stick packaging market is segmented into material type, filler type, capacity, application, and region. On the basis of material type, the global stick packaging market is segmented into polyester, polyethylene, paper, metallized films, and others. On the basis of filler type, the global stick packaging market is segmented into powder, liquid, and tablets. On the basis of capacity, the global stick packaging market is segmented into 0 - 5 ml, 5 ml - 10 ml, 10 ml - 15 ml, 15 ml - 20 ml, and 20 ml & above. On the basis of application, the global stick packaging market is segmented into cosmetics & personal care, food & beverages, industrial, pharmaceuticals, others. On the basis of region, the global stick packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is anticipated to hold a major share of the global stick packaging market in 2017. The local market is projected to lose share to high growth markets of Asia Pacific region. Widespread adoption of stick packaging in various end-use industries including food & beverages, medical, cosmetics may be attributed to high penetration in the region. The food & beverage industry has been expanding owing to the growing demand for packaged food & beverages globally which is estimated to drive the stick packaging market growth in Asia Pacific region in the coming years.
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The key vendors operating in the global stick packaging market are Bemis Company Incorporated, Sonic Packaging Industries, Hearthside Food Solutions LLC, Amcor Limited, GSC Packaging Inc., GreenSeed Contract Packaging, Contract Pharmacal Corp., Nellson Anaheim, Ion Labs Inc., Aaron Thomas Company, Inc., Aristo Pharma GmbH, GFR Pharma, Label Impressions, Inc. etc. The key players are expanding their nosiness portfolio by taking strategic initiatives that include partnerships, new product launch, acquisitions & mergers. Therefore, the R&D investments by key manufacturers combined with advanced packaging solutions are anticipated to offer lucrative opportunities for industry players in the global stick packaging market.
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