Albany, NY -- (SBWIRE) -- 04/29/2019 -- Transparency Market Research provides vital insights on the stick packaging market in its published report, titled "Stick Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027." In terms of revenue, the global stick packaging market is projected to expand at a CAGR of 5.2% during the forecast period, owing to various factors, about which TMR offers detailed insights and forecasts in this report.
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Convenient packaging formats are gaining popularity in the market day-by-day. Stick packaging is utilized for multiple applications and its handiness is unparalleled. Stick packs are tube-shaped, elongated packets which are sealed at both the ends. Usually, stick packaging is a cylindrical-shaped unit dose packaging product designed to contain gels, liquids, semi-solids, and powders for customers in various end-use markets including personal care & cosmetics, pharmaceuticals, nutraceuticals, food & beverages, dental, industrial, and diagnostics among others. Stick packaging is desirable and easy-to-handle packaging solution for on-the-go applications.
In the report, TMR suggests that the growing inclination towards the use of single-serve packaging solutions coupled with convenience, quality, and sustainability offered by stick packaging is supposed to fuel the global stick packaging market during the next decade. Among material type, the polyester segment is supposed to dominate the stick packaging market throughout the forecast period. It offers high strength, heat resistance, and abrasion. Polyester is highly adopted in the packaging industry and has low moisture absorption and excellent wear resistance.
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Among filler type, powdered products account for more than 40% of the global stick packaging market. Stick packaging is ideal for the packaging of powdered materials due to their easy handling and convenience. Stick packaging with capacity in the range 5-10 ml is supposed to dominate the global stick packaging market. Among applications, the food & beverages segment is expected to dominate the stick packaging market.
It is attributed to an ongoing trend of on-the-go products in the food industry. The TMR study analyses the stick packaging market in various regions and emphasizes the key market dynamics affecting the stick packaging market. The rising demand from multiple industries including food & beverages, pharmaceuticals, personal care, cosmetics, homecare, and other sectors will propel the stick packaging market during the forecast period. These factors are expected to fuel the growth of the global stick packaging market during the next decade.