Industry Background:
Stick packaging is an elongated, tube shaped flexible packaging packets which are sealed at both ends. These packages are preffered in the food & beverages, pharmaceutical, consumer goods, and nutraceuticals industry due to their convenience, quality, and sustainability. Stick packaging market has high growth prospects owing to rise in demand for on-the-go application in the food and beverage industry. Moreover, rising demand from the developing economies and growing focus on product innovation further fueling the market demand.
This growth is primarily driven by Compact Size of Stick Packaging and Ease of Handling and Cost-Effectiveness of Stick Packaging.
Globally, a noticeable market trend is evident Emphasizing On Product Innovation
. Major Vendors, such as Amcor Limited (Australia), Constantia Flexibles (Austria), Huhtamaki OYJ (Finland), Mondi Group (South Africa), Sonoco Products Company (United States), Bemis company (United States), Ball Corporation (United States), Reynolds Group (United States), Smurfit Kappa Group (United Kingdom), Berry Plastics (United States), Exair Corporation (United States), Rpc Group (United States), Silgan (United States) and Coveris (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Compact Size of Stick Packaging
- Ease of Handling and Cost-Effectiveness of Stick Packaging
Market Trend
- Emphasizing On Product Innovation
- Growing Applications in the Food & Beverage Industry
Restraints
- Fluctuations in Prices of Raw Materials
- Stringent Packaging Regulations
Opportunities
Rising Demand from the Emerging Markets and Increasing Demand from the Pharmaceutical Industry
Challenges
Unwillingness to Change Existing Packaging Types
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Stick Packaging Study Sheds Light on
The Stick Packaging Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Stick Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Stick Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.