$522.27 Million Opportunity by 2026 in the Stick Packaging Market

April 14, 2019 Off By Sebastian Reisig

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.