Global Stick Packaging Market
Posted by chetana on May 11th, 2021
Global Stick Packaging Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Rising disposable income coupled with a growing number of retail industries is a major factor expected to drive the growth of the global stick packaging market. In addition, increasing demand for packaged food due to its health benefits coupled with the busy lifestyle of consumers, which prefer packaged products are some other factors expected to drive the growth of the global stick packaging market. Furthermore, the changing preference of consumers from rigid to flexible packaging is expected to drive revenue growth of the target market over the forecast period. Nevertheless, a stringent regulatory landscape towards the use of plastic is the major factor anticipated to restraint the growth of the global market. Additionally, the high cost of the packaging material may hinder the market growth.
According to filler type, the global stick packaging segment is segmented mainly into three major segments named powder, liquid, and tablets. The powder segment is expected to hold the largest share of the global stick packaging market. Stick packaging is most suitable for powder packaging as it offers easy handling and convenience.
The global stick packaging market is vastly fragmented and the major players have used numerous strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Geographically, the North American market is projected to account for the highest revenue share in the global stick packaging market over the forecast period, because of changing lifestyles coupled with increasing awareness regarding clean food, clean water, and pharmaceuticals in countries in the region. The European market is anticipated to account for the second-highest revenue share in the global stick packaging market, because of the busy lifestyle of the consumers that encourage the consumption of the on-the-go product and packaged products in the countries in the region. The market in the Asia Pacific is expected to register the fastest growth rate in terms of revenue caused by the rising middle-class population and increasing disposable income of the people in the countries in the region. Also, the markets in Latin America, and Middle East & Africa are likely to register moderate growth revenue over the forecast period.
The report on the stick packaging market comprises market outlook and macroeconomic indicators on the packaging industry, retail industry, and the global industrial sector. Furthermore, it also contains market dynamics including drivers, recent trends, restraints, and opportunities associated with the stick packaging market. The report consists of the study of market prospects for the manufacturers of stick packaging and comprises an exhaustive value chain analysis.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global stick packaging market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Global Stick Packaging Market, By Material Type
• 0 - 5 ml
• Cosmetics & Personal Care
• North America
• Amcor Limited
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About the Authorchetana
Joined: February 27th, 2020
Articles Posted: 152
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