Sachet Packaging Market Size Movements by Trend Analysis, Growth Status, Revenue Expectation to 2034
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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.
More Valuable Insights Available
Future 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
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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of
the Stevie Award, and a member of the Greater New York Chamber of Commerce)
offers profound insights into the driving factors that are boosting demand in
the market. FMI stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food and Beverage,
Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast
team of over 400 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110
countries.
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