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Jun 20, 2023

Sachet Packaging Market Estimated to Be Worth US$ 17,381.9 Million by 2033, Registering a 5.9% CAGR

North America Accounted for 30.7% of the Revenue Share in 2022, in the Sachet

North America Accounted for 30.7% of the Revenue Share in 2022, in the Sachet Packaging Market. The Region is Estimated to Accumulate a 31.2% Market Share by the End of 2023. China is Expected to Grow With a CAGR of 9.9% in Sachet Packaging Market During the Forecast Period. The Growth is Attributed to Rising Industrialization, Globalization, Urbanization, and Expansion of Packaging Industry.

NEWARK, Del, May 02, 2023 (GLOBE NEWSWIRE) -- The global sachet packaging market is expected to attain an impressive valuation of US$ 9,814.3 million in 2023 and is projected to reach US$ 17,381.9 million by 2033, expanding at a CAGR of 5.9% from 2023 to 2033.

The portability and on-the-go functionality of sachet packaging is redefining the concept of its consumption which is fostering growth in the market. Rising consumer preference, convenience, less waste, and practicality of sachet packaging is expected to fuel its demand in the coming years. The manufacturers are looking for ways to attract consumers with portioned marketing. The delivery of high-value innovative sachet packets in food & beverage, consumer goods, healthcare, and the personal care industry is expected to drive growth in the market.

Cost-efficiency offered by sachet packaging when compared to other kinds of rigid packaging solutions is further anticipated to spur growth in the market. Less manufacturing cost, less requirements for raw material along with lower cost incurred while packing, printing & shipping is positively influencing product demand.

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The growing demand for packaging items in small amounts across multiple industries, such as food & beverage, cosmetics, pharmaceuticals, and personal care is further expected to generate growth in the market. The advent of active packaging emitting sachets in sachet packaging is one of the key trends that are positively influencing the market outlook.

Use of active antimicrobial packaging in packed food and headspace to delay, reduce, or even avoid the spoilage and growth of pathogenic microorganisms is presenting new opportunities for market expansion. People migrating toward urban areas is leading to less food storage capacity thereby, creating a high demand for more convenient packages such as sachet packaging solutions.

Key Takeaways

North America is expected to grow with a CAGR of 5.7% during the forecast period.

The market in India is projected to witness a promising CAGR of 9.20% during the forecast period.

China is expected to grow at a 9.90% CAGR during the forecast period.

By material type, plastic is projected to lead the segment and is estimated to grow with a CAGR of 5.5% during the forecast period.

By end-use, personal care, and cosmetic segment is expected to lead the market. It is expected to grow with a CAGR of 5.9% during the projected period.

"Growing demand for small portion size and single-serve products is expected to fuel the demand for sachet packaging over the forecast period." Comments an FMI Analyst

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Competitive Landscape

The sachet packaging market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing sachet packaging solutions.

The key industry players are Glenroy Inc., Amcor Plc, Huhtamaki Oyj, ProAmpac LLC Constantia Flexibles Group GmbH, AE Adams (Henfield) Ltd, Paharpur 3P, RCP Ranstadt GmbH, Sharp Packaging Services, Sealed Air Corporation.

Key industry players are leveraging organic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global sachet packaging market.

In May 2021, Amcor introduced a high-barrier plastic sheet sachet for packaging powdered chocolate in Columbia. The 25-gram sachet, when recycled, reduces carbon emissions by 50% and water consumption by 83%.

In April 2021, Constantia Flexibles acquired Propak, a leading player in the European packaging industry. This merger is generating strong market potential and is proving to be a huge step in film packaging for company's presence in the rapidly expanding market segment.

In July 2022, Unilever, a United Kingdom-based multinational consumer goods company, cooperated with another British multinational packaging and paper group, Mondi. The collaboration was aimed at creating aluminum-free, recyclable paper-based packaging for Colman's sauces and meal maker range.

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More Valuable Insights AvailableFuture Market Insights offers an unbiased analysis of the global sachet packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the sachet packaging market, the market is segmented on the basis of material type (plastic, paper, aluminum foil, and others), pack size (1 ml to 10 ml, 11 ml to 20 ml, 21 ml to 30 ml, and above 30 ml), packaging machinery (vertical form-fill-seal machines, and horizontal form-fill-seal machines), and application (food, personal care & cosmetics, pharmaceuticals, sealants & adhesives, lubricants & solvents, and other applications) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Key Segments profiled in the Sachet Packaging Industry Survey

By Material Type:

Plastic

Paper

Aluminium Foil

Others

By Pack Size:

1 ml to 10 ml

11 ml to 20 ml

21 ml to 30 ml

Above 30 ml

By Packaging Machinery:

Vertical Form-fill-seal Machines

Horizontal Form-fill-seal Machines

By Application:

Food

Personal Care & Cosmetics

Pharmaceuticals

Sealants & Adhesives

Lubricants & Solvents

Other Applications

By Region:

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

Browse Detailed Summary of Research Report: https://www.futuremarketinsights.com/reports/sachet-packaging-market

About the Packaging Division at Future Market Insights

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Table of Content ( ToC ):

1. Executive Summary | Sachet Packaging Market1.1. Global Market Outlook1.2. Demand-side Trends1.3. Supply-side Trends1.4. Technology Roadmap Analysis1.5. Analysis and Recommendations

2. Market Overview2.1. Market Coverage/Taxonomy2.2. Market Definition/Scope/Limitations

3. Market Background3.1. Market Dynamics3.1.1. Drivers3.1.2. Restraints3.1.3. Opportunity3.1.4. Trends3.2. Scenario Forecast3.2.1. Demand in Optimistic Scenario3.2.2. Demand in Likely Scenario3.2.3. Demand in Conservative Scenario (TOC Continue...)

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