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Technavio’s market research analysts predict the global stick packaging market to surpass USD 297 million in terms of revenue by 2019.
The market will grow moderately during the forecast period because of the boom in the retail industry coupled with a rise in disposable incomes of consumers. The US is the largest revenue contributor to this market as large-scale manufacturing processes are carried out in the country. However, the market in countries in the APAC region such as China and India are also expected to grow rapidly due to increased economic development in these countries.
The food and beverage industry is a major consumer of stick packaging as products in this industry are fast moving and need to be light to reduce transportation costs and facilitate instant disposals.
Stick packs are usually made of aluminum, polyethylene (PE), or paper. They can be molded into various shapes and sizes. These packs provide flexibility, which facilitates ease of consumption, storage, and transportation. Stick packaging is versatile and ideal for graphic printing.
Increasing demand for food and beverages and proliferation of retail products, especially groceries, in both Western and Eastern Europe are projected to have a positive effect on the market. High consumption of tea in the region also contributes to market growth. Tea bags account for more than 90% of the total market in Germany.
Europe is the second largest market in the global pharmaceutical packaging market. Germany, France, and Russia are the major revenue contributors. Stick packaging is gaining popularity in the region, especially for the packaging of capsules.
Leading countries of the market:
Source: Technavio research
The other prominent market vendors featured in this report include Aaron Thomas, Bemis, Bosch, GreenSeed, GSC Packaging, PNP Pharmaceuticals, Selo, Turpack, UDG Healthcare, WePackItAll, and Winpak.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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