Global stick packaging market 2015-2022

16 February 2017

According to a new report by Stratistics MRC, the global stick packaging market is valued at $241.92 million in 2015 and is expected to reach $353.1 million by 2022 growing at a CAGR of 5.5%.
Ease of handling, increasing disposable incomes in developing nations, cost-effectiveness, technological innovations, and government regulations are some of the key market drivers. Most importantly, the changing preference of consumers from rigid to flexible packaging has given a boost to the market. The decrease in sugar consumption is the factor that is hindering the market growth. The opportunity for market expansion lies in the favourable growth of the pharmaceutical industry.
Click here for more information about the report.

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