Market Size of North America Stick Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 212.58 Million |
| Market Size (2029) | USD 262.55 Million |
| CAGR (2024 - 2029) | 4.31 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Stick Packaging Market Analysis
The North America Stick Packaging Market size is estimated at USD 212.58 million in 2024, and is expected to reach USD 262.55 million by 2029, growing at a CAGR of 4.31% during the forecast period (2024-2029).
- The demand for single-serve packaging in North America is attributed to changing consumer buying behavior, and the increasing prevalence of flexible, cost-effective, and user-friendly packaging is expected to drive the market. Like all flexible packaging, stick packs are lightweight, convenient, and highly portable. The single-serve size of stick packs serves as a unique selling point for consumers.
- Moreover, stick packaging can also serve as a tool for keeping products fresh and increasing their shelf life when produced with quality packaging materials when produced with quality packaging materials. All these factors boost the demand for stick packaging globally across the region.
- Additionally, single-service packaging is a new and innovative concept. As a result, the market remains unexplored, and industry players have tremendous opportunities to profit from this untapped market segment. The rapid adoption of technologies, combined with the fragmented nature of the market, leads to intense competition, ultimately increasing production output.
- Stick packs are available in various materials, including plastic, aluminum foil, and laminated paper, depending on the product's shelf-life requirements, sustainability objectives, and content. Plastic stick packs are generally preferred due to their cost-effectiveness and ability to keep products fresh. Stick-pack packaging is a cost-effective way for small businesses to sell individual products, but only when they use plastic as a material, but single-use plastic packaging is on the verge of losing its grip on the market as the United States is phasing out single-use plastic. This is expected to hinder the market's growth.
- Post the COVID-19 pandemic, the dependence on single-serve packaging for medicines is rising. Also, stick packs are perfect for various powders, granules, liquids, and gels. They offer a convenient portable unit dose solution for prescription and OTC medicines and nutritional supplements. Stick-pack formulations also provide an innovative, clean way to expand tablet and capsule product ranges.
