Stick Pouches Packaging Market 2018 Major Industries Amcor Ltd, Ampac Holdings, Clondalkin Group , Sealed Air Corporation, Sonoco Products Co.
Global Stick Pouches Packaging Market Information Report By Material (Polyester, Paper, Polyethylene, and others), By Application (Food & Beverages, Pharmaceutical, Consumer Goods, and others) and By Region – Global Forecast To 2022
Hadapsar, Pune, India – May 18, 2018 /MarketersMedia/ —
Stick Pouches Packaging Market– Overview
Stick pouches packaging market is driven by various factors such as its increase in demand from food & beverage industry. The increase in government policies concerning the food safety regulations is also driving the growth of the market.
The increase in use of packaged products with the growing disposable income is driving the growth of the market. The increase in demand for the packaged food because of the health consciousness is also driving the stick pouches packaging market. The busy lifestyle of consumers has encouraged consumption of on-the-go products. Most importantly, the changing preference of consumers from rigid to flexible packaging has given a boost to the stick pouches packaging market. Another reason towards the growth of global Stick Pouches Packaging Market is the busy life style of the consumer that encourage the consumption of on-the-go product. The need for the high barrier flexible packaging such as moisture free, dust free solution is another prominent reason to drive the growth of the global stick pouches packaging market.
The food and beverage industry is a major consumer of stick packaging as products in this industry are fast moving and need to be light to reduce transportation costs and facilitate instant disposals. These packs provide flexibility, which facilitates ease of consumption, storage, and transportation. Stick packaging is versatile and ideal for graphic printing.
Plastic packaging has gained huge popularity over the years due to its inherent characteristic of molding into a variety of shapes and sizes to ease consumption, storage, and transportation of various beauty care products, making it ideal for packaging.
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Key Players
Amcor Ltd.(Australia), Ampac Holdings, LLC (U.S.), Clondalkin Group (Netherlands), Sealed Air Corporation(U.S.), Astrapak Limited (South Korea), Bemis Company, Inc. (U.S) and Sonoco Products Co.(U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Stick Pouches Packaging Market.
Industry/ Innovation/ Related News:
April 2016- Bemis Company, Inc. signed an agreement to acquire the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.
Dec 2017- Plastic packaging giant Pact Group Holdings Ltd. is buying two Asian packaging companies from Reynolds Group Holdings Ltd. Reynolds Group operates globally, but has major operations in New Zealand and a principal office in Auckland.
Aug 2015- Wellspring Capital Management LLC, owner of Prolamina Corp., has acquired Ampac Holdings LLC and merged it with Prolamina. This will reflect the attractiveness of the global packaging industry.
Oct 2007- Amcor Flexibles introduced SafeStick, a novel, child resistant, senior friendly tear-opening feature for pharmaceutical packaging that does not require a tear notch to open.
Stick Pouches Packaging Market– Competitive Analysis
Key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global Stick Pouches Packaging Market were new product developments. Extensive research in this market has brought to light that new product development and entering into strategic partnerships and collaboration are the key strategies adopted by the major players in the global Stick Pouches Packaging Market. The market is highly technology driven and thus demands regular product innovation and increased investment in R&D. Furthermore the partnerships with other players across the supply chain ensures the expanding client base as well as the market share for the companies.
Stick Pouches Packaging Market– Segmentation
The Stick Pouches Packaging Market can be segmented in to two key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material – Polyester, Paper, Polyethylene, and others
Segmentation by Application – Food & Beverages, Pharmaceutical, Consumer Goods, and others
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
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Stick Pouches Packaging Market– Regional Analysis
The global market is observed to be mature in developing economies such as Europe and North America owing to the rapid growth in the packaging sector. The Asia-Pacific region is growing due to rise in disposable income of the people and the increasing middle-class population in this region. The developing economies such as China, Brazil, and South Africa are preferring new innovative flexible packaging over using traditional rigid packaging, which will result in the growth of this market. The US is the largest revenue contributor to this market as large-scale manufacturing processes are carried out in the country. The manufacturers in developing economies such as China, Brazil, India are gradually shifting their focus towards innovative flexible packaging solution from traditional rigid packaging solution in order to increase their sales.
In Europe, Germany, France, and Russia are the major revenue contributors for pharmaceutical packaging. Stick packaging is gaining popularity in the region, especially for the packaging of capsules.
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