@Sindia
The global stick packaging market value is predicted to grow from US$ 1,358.4 million in 2023 to US$ 2,028.4 million by 2033. Sales of stick packaging solutions are expected to rise at a steady CAGR of 4.3% during the forecast period.
Several factors are expected to stimulate the growth of the global stick packaging market. These include expanding food & beverage, cosmetics, and pharmaceutical sectors, growing need for compact and flexible packaging solutions, and advancements in packaging technologies.
Progress in packaging technology has given rise to inventive barrier material tailored for stick packages, providing heightened defense against moisture, oxygen, and UV radiation. This ensures the preservation of product freshness and stability.
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Top leaders such as Amcor are offering specialized barrier films designed specifically for stick packages. Such innovations are expected to play a crucial role in fostering growth of the global stick packaging industry.
Key Takeaways of Global Stick Packaging Market
• The global stick packaging market is projected to reach US$ 2,028.4 million by 2033.