$522.27 Million Opportunity by 2026 in the Stick Packaging Market
April 14, 2019
Global Stick Packaging
Market is accounted for $246.51 million in 2017 and is expected to reach
$522.27 million by 2026 growing at a CAGR of 8.7% during the forecast period.
Ease of handling, increasing disposable incomes in developing nations, the
changing preference of consumers from rigid to flexible packaging,
cost-effectiveness and technological innovations are some of the factors
propelling the market growth. However, strict regulations on the use of
plastics and high cost of packaging materials are some of the factors hampering
the market growth. One of the major opportunities is favourable growths of pharmaceutical
industry.