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Stick Packaging Market Trends

Report ID: GMI12228
Published Date: Nov 2024
Report Format: PDF

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Stick Packaging Market Trends

The stick packaging industry is rapidly evolving due to sustainability trends, with consumers and businesses demanding eco-friendly solutions. Manufacturers are adopting biodegradable, recyclable, and compostable materials like plant-based plastics and paperboard. Technological advancements, such as digital printing and smart packaging, are enhancing customization and product shelf life. The B2B sector is seeing increased demand for innovative, cost-effective packaging solutions. The industry is also working to reduce carbon footprints and optimize supply chains, with major players embracing circular economy principles and sustainable packaging practices.

Authors: Suraj Gujar, Kanhaiya Kathoke

Frequently Asked Questions (FAQ) :

The global market size for stick packaging was valued at approximately USD 467.4 million in 2023 and is expected to reach around USD 770.2 million by 2032, driven by a CAGR of over 5.7% from 2024 to 2032.

The food and beverages segment accounted for over 40% of the market share in 2023, driven by consumer preference for convenient, ready-to-eat products in single-serve, portable packages.

The North America market held a significant share of over 30% in 2023, driven by demand for convenient, single-serve products and a strong focus on sustainability and e-commerce.

Major players in the industry include Amcor, Associated Labels and Packaging, Catalent, Constantia Flexibles, Elitefill, ePac Flexible Packaging, Flexi, GFR Pharma, and Glenroy.