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Stick Packaging is a type of flexible packaging majorly used for food packaging purposes. It is a vertical elongated type of packaging which is easy to handle and is generally used to pack the on-the-go products. They have minimum effect on the environment and are cost-effective as compared to other packaging products.
Stick packaging is one of the most cost-effective and eco-friendly packaging solution available in market. Increasing demand for flexible packaging from various end-use sectors including food & beverages, pharmaceuticals, and other packaging is anticipated to drive the market growth. Additionally, rise in disposable income coupled with shifting preference of consumers towards packaged food products is estimated to boost the market growth.
However, stringent regulations related to use and disposability of plastic in packaging applications is one of the potential aspect that shall hamper market growth.
Key Market Driver -
Increasing demand from packaging sector.
Key Market Restraint -
Stringent regulations regarding use and disposability of plastic.
Based on material, the global stick packaging market is segmented into paper, BOPP, aluminum, plastic, and others. Based on application, market is segmented into food & beverages, pharmaceuticals, consumer goods, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Stick Packaging market consists of global & regional players operating. Some of the key players in the market include Bemis Company, Inc, Amcor Corporation, Reynolds Group Holdings, Inc, Berry Plastics Corporation, Bosch Packaging Technology, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia pacific is estimated to be the largest market attributed to the growing packaging industry. High demand for packaged goods and foods from densely populated countries like China and India shall fuel the regional growth. North America is expected to experience substantial growth due to high demand for packaged and on-the-go products. Europe is expected to show considerable growth due to increase in disposable income and considerable spending on lifestyle and consumer goods. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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