The stick packaging industry has adopted a positive outlook owing to the demand for more flexibility in the sector. Increasing per capital income has also played an eminent role in keeping the future of the market robust. Furthermore, the consumer preference in developing economies including South Africa, China and Brazil are also contributing to the growth of the stick packaging industry worldwide. Besides this, countries such as the United States and China are expected to observe greater demand.
Growing need for competition, increase in customer spending and requirement for value – added products are driving the market worldwide. In addition, regions including Asia – Pacific are expected to emerge as the fast – developing for stick packaging. Moreover, rising need for material used for making stick packs would create greater opportunities worldwide.
The world stick packaging market is segmented based on materials, application and geography. The materials covered in the market research report consists of polyester, paper, bopp, aluminum, metallized polyester, polyethylene, and others. Besides this, the applications discussed during the study are nutraceuticals, consumer goods, food and beverages, pharmaceuticals and others. Regions North America, Europe, Asia – Pacific and LAMEA.
The key market players active in the stick packaging market are Amcor, Constantia Flexibles, Sonoco, Huhtamaki and Mondi Group.
KEY BENEFITS FOR STAKEHOLDERS
The market research report provides integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
The study further drills down to produce data volume by components, end –customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region – wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weighs up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.
KEY MARKET SEGMENTS