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Stick packaging is a type of flexible packaging which is generally used for food packaging. Stick packaging is vertical, elongated, and is easy to handle for on-the-go products. Substances can be poured easily into stick packages depending on their shape. They are economical and efficient than any other form of packaging. They have lower effect on environment as compared to any other form of packaging.
One of the factors driving the growth of stick packaging market is the rise in income of the people, which is leading to the increased use of packaged products. The innovation in flexible packaging has driven the manufacturer to develop small packaging products, which ultimately increase the market for stick packaging. The rising disposable income along with the growth in the global retail industry have resulted in the growth of this market. The increase in demand for the packaged food because of the health consciousness is also driving the stick packaging market.
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.
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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.
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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The report for Stick Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
- Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
Brief TOC :
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Packaging Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
11. List Of Tables
12. List Of Figures
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