Research and Markets: The Global Market for Stick Packaging is Projected to Reach $316.61 Million by 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/dbjh93/stick_packaging) has announced the addition of the “Stick Packaging Market by Material, Application, & by Region – Trends & Forecasts to 2020” report to their offering.
The stick packaging market has expanded owing to developments in the flexible packaging industry. The demand for stick packaging is growing at a significant pace and is projected to grow at an even higher rate in the near future. With the rising population and increased incomes of people, the use of packaged products is booming, and consequently, so is the stick packaging market. The stick packaging market can be classified into three main categories based on application: food & beverages, pharmaceuticals, consumer goods, nutraceuticals, and others.
The market for stick packaging is observed to be mature in developing economies such as Europe and North America. The reason behind this is the rapid growth in the packaging sector. The Asia-Pacific region formed the second-largest market, with a share of 30%. It is projected to be the fastest-growing market for stick packaging from 2015 to 2020.
The global stick packaging market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market.
– Amcor Limited (Australia)
– Bosch Packaging Technology
– Constantia Flexibles (Austria)
– Fres-Co System Inc.
– Huhtamaki OYJ (Finland)
– Mondi Group (South Africa)
– Oystar Group
– Sonoco Products Company (U.S.)
– UDG Healthcare PLC
For more information visit http://www.researchandmarkets.com/research/dbjh93/stick_packaging
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