USD 384.50 million
Report ID:
SQMIG15H2061 |
Region:
Global |
Published Date: November, 2024
Pages:
184
|Tables:
65
|Figures:
69
Stick Packaging Market size was valued at USD 402.88 Million in 2023 and is poised to grow from USD 422.22 Million in 2024 to USD 613.43 Million by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
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.
Global Market Size
USD 384.50 million
Largest Segment
Plastic
Fastest Growth
Paper
Growth Rate
4.8% CAGR
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Global Stick Packaging Market is segmented by material, end use industry and region. Based on component, the market is segmented into biaxially oriented polypropylene (BOPP) (clear BOPP, metallized BOPP, white opaque BOPP), polyethylene (PE) (low-density polyethylene (LDPE), high-density polyethylene (HDPE)), paper (coated paper, uncoated paper), metallized films (aluminium foil, metallized polyester) and others (biodegradable materials, compostable materials). Based on end use industry, the market is segmented into food & beverages (snacks, beverages, condiments, dairy products, others), pharmaceuticals (over-the-counter (OTC) medications, prescription medications, nutraceuticals, others), personal care & cosmetics, (skincare, haircare, oral care, others), nutraceuticals (dietary supplements, protein powders, energy boosters, others) and others (industrial, household products). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Material
Stick packaging made from plastic accounts for a major market share. Plastic has been the preferred choice for packaging owing to its lightweight, durable, and long-lasting properties that help improve the shelf life of any product. However, the increasing focus on sustainability and growing demand for eco-friendly packaging is predicted to hurt the sales of plastic stick packaging in the future. Bans on single-use plastic and efforts to reduce the use of plastic packaging to curb plastic waste are estimated to hurt growth in this segment, but it will still hold a significant share of the market. Bioplastics are estimated to replace plastics in the near future.
The use of paper for manufacturing stick packaging is projected to increase at a rapid pace across the forecast period as it is a sustainable alternative to plastic. Advancements in paper packaging technologies are contributing to the growing use of paper in the stick packaging marketplace. The growing adoption of sustainable packaging by different companies around the world is slated to motivate stick packaging companies to include paper and other eco-friendly materials in their offerings.
Analysis by Application
Food and beverages are projected to account for a high share of the global stick packaging marketplace. The growing popularity of on-the-go foods and beverages coupled with rising demand for convenient packaging are predicted to contribute to the significant market share of food & beverage applications over the coming years. High adoption of fast-paced lifestyles has promoted the demand for convenience and packaged foods around the world and this is also slated to favour demand for stick packaging in food & beverage applications going forward.
The use of stick packaging for pharmaceutical applications is forecasted to increase at a notable pace across the forecast period. Excellent barrier properties of stick packaging allow pharmaceutical companies to conveniently pack powders, liquid, and granular pharmaceuticals. Increasing demand for sustainable packaging in the pharmaceutical industry is also estimated to benefit demand for paper stick packaging over the coming years. Moreover, product innovation expanding the application scope of stick packaging is also slated to benefit growth in this segment going forward.
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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.
Asia Pacific is predicted to emerge as the fastest-growing regional stick packaging market in the world. Increasing disposable income, expanding middle-class population, and rapidly expanding population base are some of the key factors that make this region a highly opportune one for not only stick packaging companies but all types of packaging solution providers. Growing e-commerce activity and rising demand for eco-friendly packaging are other factors that alter the stick packaging market growth trajectory in the Asia Pacific region. India, Japan, and China are slated to be the top markets for stick packaging providers in this region.
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Drivers
Rise in e-Commerce Activity
Minimal Waste & Low Costs
Restraints
Strict Regulations on Use of Plastic
High Costs of Eco-friendly Packaging Materials
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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.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, high demand for convenience products and rising adoption of fast-paced lifestyles are estimated to contribute to the growing demand for stick packaging around the world. The low costs and minimal environmental impact of stick packaging have made it a popular choice among manufacturers from different industry verticals. Rising disposable income, a growing e-commerce industry, and high demand for sustainable packaging solutions are other prospects that could boost stick packaging market growth in the future. However, the ban on plastics and the high costs of certain eco-friendly packaging materials are estimated to slow down stick packaging market development going forward. Rising demand for sustainable packaging and high sales of convenience and on-the-go food products allow North America to account for a dominant share of the global stick packaging market. Stick packaging providers are continually focusing on incorporating sustainable and eco-friendly materials in their products to attract eco-conscious consumers.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 402.88 Million |
Market size value in 2032 | USD 613.43 Million |
Growth Rate | 4.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Stick Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stick Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stick Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stick Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15H2061
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