Global Stick Packaging Market 2015-2019
About stick packaging
In broader terms, packaging refers to the method of enclosing a product for the purpose of storage, distribution, sale, and use. Stick packaging comes under the category of flexible packaging, which is a non-rigid method of packaging. Stick packaging products are made of flexible or easy-yielding materials that can easily change shape based on the nature of the product being packaged. These materials include plastic, aluminum, and paper. These materials undergo a detailed conversion process, which can include printing, lamination, coating, and extrusion, to develop different sizes stick packaging, depending upon the requirement of the product packed in it. Stick packaging are mainly used to pack the products such as sweetener, powdered milk, RTD coffee and tea, and various pharmaceutical products. Packaging these days is not only used to protect a product from spoilage, it also plays an important role in improving the overall aesthetic appeal of the product, provides essential information about the product, and offers convenience for consumers in terms of handling/carrying the product.
Technavio's analysts forecast the global stick packaging market to grow at a CAGR of 6.33% over the period 2015-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global stick packaging market for the period 2015-2019. The market can be segmented into two based on types of end-users and geography.
Technavio's report, Global Stick Packaging Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, APAC, Europe, and ROW; it also covers the global stick packaging market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Stick Packaging Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Stick Packaging Market: Amcor, Constantia Flexibles, Huhtamaki, Mondi Group and Sonoco Products
Other Prominent Vendors in the market are: Aaron Thomas, Bemis, Bosch Packaging, GreenSeed, GSC Packaging, PNP Pharmaceuticals, Selo, Turpack, UDG Healthcare, WePackItAll and Winpak
Commenting on the report, an analyst from Technavio’s team said: “Increased Internet penetration and growth in e-commerce sales will play a significant role in the growth of online retailing. Faster shipping services and the growing fragmentation of consumer choice will also help in the growth of online retailing. There will be an increase in the demand for stick packaging as online retailing has led to a wide diversity of products. We expect a major upsurge in the demand for packaged dairy products through online channels.”
According to the report, we see increased demand for single-serve packs because of the rising number of working people. Retailers prefer single-serve packs because they encourage consumers to spend more. Sustainability is also expected to gain increased market traction during the forecast period.
Further, the report states that plastic stick packaging products are usually difficult to dispose of. Plastics take a long time to degrade naturally. Many countries have banned the use of various grades of plastic, affecting the profit margins of the vendors.
Amcor, Constantia Flexibles, Huhtamaki, Mondi Group, Sonoco Products, Aaron Thomas, Bemis, Bosch Packaging, GreenSeed, GSC Packaging, PNP Pharmaceuticals, Selo, Turpack, UDG Healthcare, WePackItAll, Winpak
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook