The stick-pack packaging market is expected to grow to $2.1 billion in the next five years, with a compound annual growth rate of 5.6%. This is due to the need for accurate portion control and dosing, especially in the pharmaceutical industry, increasing the demand for stick packaging around the world. The pharmaceutical industry dominated the market last year and this demand is expected to continue increasing dramatically in the next five years.
Stick pack packaging ensures uniform usage, it has excellent barrier qualities, and ensures self-explanatory dosage. It is used for syrups, powders, granules, and oral liquids. At the same time, it is growing in demand throughout the food industry for products offering ready-portioned single-service spices and beverages. It keeps products fresh, giving them a longer shelf life.
North America remains the lead when it comes to stick pack packaging demand. With busy lifestyles the need for on the go products has risen, giving people travel accessibility with easy use. The United States employment rate is expected to grow to over one hundred and fifty eight million people, increasing the demand for easy access portions for coffees, teas, milks and hot chocolates, among others.
A spokesperson at HWR Packaging in Utah, said “There is a significant increase in demand for our stick pack packaging solutions. We provide a complete service to our clients and we have increased our production capacities considerably this year to meet the growth in demand from our food and pharmaceutical clients. Our stick packaging solutions are easy one portion options which offers convenience, ease of use and helps to keep food fresh and reduces contamination in pharmaceutical products.”
With new products regularly being introduced to the market, the demand for stick pack packaging continues to soar throughout the world. From wellness products, protein shakes, food products and pharmaceuticals, more companies are looking at single service stick packs as a way to introduce their products to their customer base in an easy and convenient manner.
The team at HWR Packaging are excited with the growth they have experienced this year, keeping them on track to end the year on a record high.
HWR Packaging is a leading stick packaging specialist that operates from their base in Utah, United States. This very well established company has over twenty years of experience behind them, offering contract manufacturing and private labeling services to clients with low minimum order quantities. The company focuses on representing you and your company, adding value to your business with short turnaround times and competitive prices. HWR Packaging will packet, pack out and fulfill your products directly to your customers. They are superior stick packaging manufacturers that work with their clients to ensure their goals are met. They are FDA registered and GMP certified. To find out more, visit - https://hwrpackaging.com/.