Stick Packaging Market Industry Size, Opportunities, Analysis and Forecast by 2030
Stick packs are typically tube-shaped and elongated packets. These packets are sealed from both ends. Stick packaging solutions offer advantages including higher sustainability, convenience, and quality in comparison with other types of packaging solutions. Additionally, stick packaging limits overall carbon footprint, thus are largely preferred by governments across the globe. Development of stick packaging solutions with multi-laminated film structure in order to reduce moisture content is expected to gain significant traction in global landscape.
North America currently holds major market share, owing to the increasing efforts by governments to limit overall carbon footprint. Countries such as India, China, Japan, and Australia are leading Asia Pacific market over the past few years. Major players dominating the global market include Amcor Limited, Bemis Company Incorporated, GSC Packaging Inc., T.H.E.M., Sonic Packaging Industries, GreenSeed Contract Packaging, Aristo Pharma GmbH, and Aaron Thomas Company, Inc.
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The report titled “Stick Packaging Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global stick packaging market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Amcor reported revenues of US$ 9.3 Billion in 2018 and the segment and geographic analysis of the company indicates that flexibles is the dominating revenue segment of the company, with the North America being the major revenue generating region.
The stick packaging market study takes into consideration market segmentation based on material, filter type, capacity, end user, and geography. Based on material, the ,arket is segmented into paperboard, polyethylene, aluminum foil, polyester, paper, polypropylene, cartons, and stand-up pouch. On the basis of filter type, the global stick packaging market is segmented into powder, liquid and tablets. Based on capacity, the market is segmented into 0 – 5 ml, 6 ml – 10 ml, 11 ml – 15 ml, 16 ml – 20 ml, and 21 ml & above. Based on end user, the market is segmented into food & beverages, pharmaceuticals and cosmetics, consumer goods, nutraceuticals, and others. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on stick packaging. Further, market share of company in the global would also be calculated. For instance, ONCAP acquired IntraPac International Corporation (“IntraPac”) from funds managed by CI Capital Partners LLC (“CI Capital”). IntraPac is a designer and manufacturer of specialty rigid packaging solutions including sticks, jars, vials, closures, spouts, bottles, tubes and metered dose inhaler can coating services. Terms of the transaction were not disclosed.
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The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the stick packaging companies. Furthermore, the global stick packaging market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the stick packaging business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global stick packaging market. For instance, Amcor operates through three segments namely Flexibles, Rigid Plastics, and others. Moreover, the company offers Stick Packaging products and services under the Flexible packaging segment which generated a revenue of US$ 6.5 Bn in 2018.