Albany, NY -- (SBWire) -- 03/13/2019 --In the stick packaging market, the food & beverage sector is expected to drive the market. Stick packaging provides travel accessibility, regardless of the demographic as stick packs can fit anywhere. Besides, stick packaging is conducive to immediate consumption.
North America is expected to dominate the stick packaging market throughout the next decade. In the North American region, the U.S. is expected to lead the market, attributed to its high acceptance of standardized packaging to offer single-serve solutions to the customers.
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The North American region is followed by Europe and APEJ. Similar trends are followed by the countries in these regions. Stick packaging is rapidly gaining market due to its compact size and it also minimizes film usage and reduces carbon footprint. These factors are expected to fuel the global stick packaging market during the forecast period.
This report provides a forecast analysis of the global stick packaging market. It provides historical data of 2013-2018 and forecast from 2019-2027 in terms of market revenue (US$ Mn) and volume (tons). The global stick packaging market is expected to attain a CAGR of 5.2% during the period 2019-2027. The report on stick packaging market includes market outlook and macroeconomic indicators on the packaging industry, retail industry, and the global industrial sector. Moreover, it also includes market dynamics including drivers, recent trends, restraints, and opportunities associated with the stick packaging market. The report includes the study of market prospects for the manufacturers of stick packaging and comprises of an exhaustive value chain analysis.
To provide users an extensive view of the report on the stick packaging market, the market study initiates with a keen executive summary on different segments and regions and their impact on stick packaging in the existing market scenario. The executive summary concisely deliberates the key outcomes of the study as well as an overview of the stick packaging market. Furthermore, the role of plastic as a critical material for stick packaging has also been discussed in brief. In the report, we have included a comprehensive competitive landscape and profiles of key manufacturers along with the key strategy opted for each. The dashboard provides a precise comparison of manufacturers of stick packaging on parameters such as total revenue, revenue from the target segment, recent developments, product offerings, key strategies, and key differentiators. The stick packaging market study encompass market attractiveness analysis by material type, filler, capacity, application, and region. Among material type, polyester is expected to be the most dominating material and is estimated to account for more than 40% of the global stick packaging market. In terms of application, food & beverages and pharmaceuticals segments are the major consumers of stick packaging during the next decade. It is credited to the compact sizes of stick packaging that ensure convenient packaging solutions for customers.
The stick packaging market numbers have been evaluated based on sales, and the average selling price of stick packaging is taken by carrying capacity. The pricing obtained through primary interviews and quotes obtained from various regional stick packaging manufacturers, distributors, and suppliers are considered for the evaluation of market value. To estimate the stick packaging market size in terms of value and volume, the revenue generated by the sales of stick packaging by key manufacturers, and their respective production capacity is considered. The stick packaging market has been analyzed based on expected demand and the existing market scenario. All key applications of stick packaging have been considered from secondary sources and the response of primary respondents from different regions. The country-wise demand has been taken under consideration while assessing the stick packaging market for various end users. Top-down approach has been incorporated to evaluate the stick packaging market by country.
Key Segments Covered in the Stick Packaging Market
By material type, the stick packaging market has been segmented as:
Polyester
Polyethylene
Paper
Metallized Films
Others
By filler, the stick packaging market has been segmented as:
Powder
Liquid
Tablets
By capacity, the stick packaging market has been segmented as:
0 - 5 ml
5 ml - 10 ml
10 ml - 15 ml
15 ml - 20 ml
20 ml & above
By application, the stick packaging market has been segmented as:
Cosmetics & Personal Care
Food & Beverages
Industrial
Pharmaceuticals
Others
In addition, it should be noted that in an inconsistent global economy, Transparency Market Research conducts forecasts in terms of CAGR for stick packaging, along with this, it also analyses the market based on key factors including year-on-year (Y-o-Y) growth rates, to comprehend the certainty of the stick packaging market and to recognize opportunities in the market.
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Numerous primary and secondary sources were referred during the course of the study on the stick packaging market. Secondary sources include World Bank, Factiva, Bloomberg, and the annual reports and publications of the companies.
The stick packaging market has also been assessed on the basis of segment-wise Y-o-Y growth rates. This level of information helps in understanding key market scenario and trends in the global stick packaging market. Another key feature of the global stick packaging market is the analysis of the market in terms of the absolute dollar opportunity. In stick packaging market report, the absolute dollar opportunity helps in the evaluation of the scope of opportunity that a manufacturer can look forward to accomplish, as well as to identify potential resources from a delivery perspective of the stick packaging market. The segmental split along with the overall absolute dollar opportunity is mentioned in the global stick packaging market report.
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Global Stick Packaging Market: Turns Towards a Boundless Horizon with Growing Applications to 2027