Ease of handling, increasing disposable incomes in developing nations, cost of effectiveness, technological innovations, and government regulations are some of the key market drivers. Most importantly, the changing preference of consumers from rigid to flexible packaging has given a boost to the stick packaging market. The decrease in sugar consumption is the factor that is hindering the market growth. The opportunity for market expansion lies in the favourable growth of pharmaceutical industry.
Global stick-packaging market is anticipated to observe a steady growth with North America commanding the global market in terms of revenue. The Asia-Pacific region is projected to become the fastest growing market. The demand for stick packs is expected to rise in developing countries such as China, Brazil, India and Thailand.
The key players in this market include Bosch Packaging Technology, Huhtamaki OYJ, Oystar Group, Mondi Group, Amcor Limited, UDG Healthcare PLC, Constantia Flexibles, Fres-Co System, and Sonoco Products Co.