Worldwide Stick Packaging Market 2017-2022 : Highlights, Key Findings, Major Companies Analysis and Forecast

Pune, India -- (SBWire) -- 03/27/2018 --Market Research Future published a half Cooked research report on "Global Stick packaging Market Research Report - Forecast to 2023" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Bemis Company, Inc. (U.S.), Amcor Corporation (U.S.) Ball Corporation (U.S.), Reynolds Group Holdings, Inc. (U.S.), Smurfit Kappa Group (U.K.), Berry Plastics Corporation (U.S.), EXAIR Corporation (U.S.), RPC Group Plc. (U.S.), Rexam Plc. (U.S.), and Bosch Packaging Technology (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Stick packaging Market.

Stick packaging Market– Overview

Stick packaging Market is driven by various factors such as its increase in demand from food & beverage industry. The increase in government policies concerning the food safety regulations is also driving the growth of the market.

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The increase in use of packaged products with the growing disposable income is driving the growth of the market. The increase in demand for the packaged food because of the health consciousness is also driving the stick packaging market. The busy lifestyle of consumers has encouraged consumption of on-the-go products. Most importantly, the changing preference of consumers from rigid to flexible packaging has given a boost to the stick packaging market. Another reason towards the growth of global stick packaging market is the busy life style of the consumer that encourage the consumption of on-the-go product. The need for the high barrier flexible packaging such as moisture free, dust free solution is another prominent reason to drive the growth of the global stick packaging market.

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. These packs provide flexibility, which facilitates ease of consumption, storage, and transportation. Stick packaging is versatile and ideal for graphic printing.

Plastic packaging has gained huge popularity over the years due to its inherent characteristic of molding into a variety of shapes and sizes to ease consumption, storage, and transportation of various beauty care products, making it ideal for packaging.

Stick packaging Market– Competitive Analysis

Key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global stick packaging market were new product developments. Extensive research in this market has brought to light that new product development and entering into strategic partnerships and collaboration are the key strategies adopted by the major players in the global Stick packaging Market. This strategy has been adopted to cater to the technological requirements of the Stick packaging Market for both rigid and flexible packaging segment. The market is highly technology driven across all applications and thus demands regular product innovation and increased investment in R&D. Furthermore the partnerships with other players across the supply chain ensures the expanding client base as well as the market share for the companies.

Industry/ Innovation/ Related News:

April 2016- Bemis Company, Inc. signed an agreement to acquire the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.

Dec 2017- Plastic packaging giant Pact Group Holdings Ltd. is buying two Asian packaging companies from Reynolds Group Holdings Ltd. Reynolds Group operates globally, but has major operations in New Zealand and a principal office in Auckland.

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Stick packaging Market– Segmentation

The Stick packaging Market can be segmented in to two key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Material - Paper, BOPP, Aluminum, Plastic, and others

Segmentation by Application - Food & Beverages, Pharmaceutical, Consumer Goods, and others

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Stick packaging Market– Regional Analysis

The global market is observed to be mature in developing economies such as Europe and North America. The reason behind this is the rapid growth in the packaging sector. The Asia-Pacific region is growing due to the increasing middle-class population and rise in disposable income of the people in this region. The developing economies such as China, Brazil, and South Africa are preferring new innovative flexible packaging over using traditional rigid packaging, which will result in the growth of this market. The US is the largest revenue contributor to this market as large-scale manufacturing processes are carried out in the country. The manufacturers in developing economies such as China, Brazil, India are gradually shifting their focus towards innovative flexible packaging solution from traditional rigid packaging solution in order to increase their sales.

In Europe, Germany, France, and Russia are the major revenue contributors for pharmaceutical packaging. Stick packaging is gaining popularity in the region, especially for the packaging of capsules.

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