Market Size of Stick Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stick Packaging Market Analysis
The stick packaging market is expected to grow at a CAGR of 9% over the forecast period (2021-2026). Stick packs, a type of flexible pouch is perfect for single servings of gels or powders. Stick packs provide an ideal solution for the packaging of powdered drinks, snacks, pharmaceuticals, travel products, and many more.
- The rising need for exact dosing and portion control is one of the prominent factors fueling the demand for the stick packs over the forecast period. This is propelling the players in the market to come up with product launches that enable them to cater to the rising need and boost the adoption.
- In January 2020, Sanofi-aventis S.p.A. installed a new stick-pack line that is capable of producing 800 stick packs/min.
- The pharmaceutical industry that deals with chemicals and compounds that are extremely reactive to the introduction of moisture, contamination, require packaging that prohibits the above from happening. As stick packaging offers excellent barrier properties, uniformity in usage, and self-explanatory dosages, these are suitable for pharmaceutical industries.
- In October 2018 - Pylote announced that it had entered into a partnership with Amcor to launch stick pack laminates for liquid pharmaceuticals that combine a high barrier with antimicrobial preservation properties and can be processed on standard stick-pack filler.
- As the stick packs are produced on dedicated machines, the production rates are high, sizes are small, and the per-item costs are low. Also, as compared to the regular portion packets, stick packs typically utilize much less material and packaging content that makes them environmentally friendly and less wasteful. According to Glenroy, packaging format in stick packaging requires 10% to 40% less flexible packaging material than equivalent rectangular pouches. This is expected to boost the stick packages adoption over the forecast period.
